Sign in or Register | Newsletter
 
 
Register today to receive each issue absolutely FREE!


Data Manager
Wimbledon

Sales Manager
Farnborough

Sales Manager
London

Sponsorship Manager
London



Stephane Doutriaux founder of event tech company Poken tells EN how...

EN editor Jamie Wallis takes the trip up to Shropshire to have lunch...

Event manager Chris Brazier needs no wake-up call ahead of the 2015...

Exhibition News November 2014
November 2014

Tarsus revenues lift off emerging markets growth
posted on: 25/7/2012 09:31:53
Istanbul Turkey

Tarsus Group has reported 14 per cent underlying growth in like-for-like revenue and a half-yearly result of £19.2m (US$29.7m) for first six months of this year.
 
According to the organiser’s half-yearly report to 30 June 2012, adjusted pre-tax profits reached £1.8m, up from £600,000 year-on-year.
 
Emerging markets delivered revenue growth of 26 per cent year-on-year to £7.3m, and pre-tax profit of £1.5m. This included a 17 per cent increase in like-for-like revenues across its Turkish business, plus a 39 per cent rise in China.
 
In addition, Tarsus reported pre-tax profit of £2.5m and revenues of £7.8m in the US; up from £6.5m in 2011 .
 
“Our significant progress in the first half has been driven by excellent performances in the US from our medical and off-price products and in the emerging markets by very strong growth in the Turkish and Chinese businesses,” Tarsus Group MD Doug Emslie said.
 
In Turkey, the second REW achieved 17 per cent revenue growth year-on-year, while Life Media’s Ideal Home secured a 62 per cent increase. Tarsus acquired a 70 per cent stake in Life Media in March.
 
The organiser said it remained on track to derive 50 per cent of its revenues from emerging markets in 2013.
 
“Turkey is now a key component in our portfolio as a result of our acquisitions of Life Media and IFO,” Emslie said. “Our position in China will be significantly enhanced with the addition of GZ Auto, the leading automotive aftermarket show.”
 
In contrast, Tarsus’ European business reported £4.1m in revenue over the same period, down from £7.1m in 2011, and a pre-tax loss of £500,000. Tarsus remained cautious about its full-year result on the continent due to economic uncertainty. Its major French exhibitions are scheduled to take place in the second-half.
 
Emslie confirmed forward bookings for 2012 sit at 80 per cent and said Tarsus increased its interim dividend payment by five per cent as a result of the strong first half. Labelexpo Americas and MEBA, which both take place later this year, are tracking ahead of previous iterations, he stated.
 
Tarsus also revealed a new five-year £45m bank facility to help fuel its international growth strategy. Net debt in the first six months of the year increased to £19.6m, up from £17.3m in 2011.
 
“We are increasingly confident that our quality portfolio addressing high-growth sectors and markets in transition, together with our focus on driving visitors and growing exhibition volumes, will quicken the pace of our future earnings and dividend growth,” Emslie added.
 
Got a story for Exhibition News? Email us: exhibitionnews@mashmedia.net


Print:
Email:
Share article:

COMMENTS
Would you like to Leave a Comment?

LATEST NEWS
Knitting & Stitching Show sees 6% visitor rise
posted on: 28/11/2014 16:29:05
Harrogate International Centre (HIC) played host to the biggest Knitting & Stitching Show yet with more than 22,000 visitors, said organiser Upper Street Events.

The Business Visits & Events Partnership (BVEP) is urging the events industry to respond to a survey into how the government can support specific events to help the industry grow.

St Ives Group launches new events agency
posted on: 28/11/2014 15:28:19
The St Ives Group’s Service Graphics print division has launched Service Events & Exhibitions (SEE), a full service meetings, events and experiential agency.

The Back to the Future theme, complete with a De Lorean DMC-12 was among the highlights at Event Supplier & Services Association’s (ESSA) G50+Conference event on 20 November.

Business Events Bournemouth has launched a new service as a single point of contact for anyone planning, running and attending a major event in the south coast resort.