15th May 2014 12:43
LONDON (Alliance News) - Tarsus Group PLC said Thursday that it was confident for a good performance for 2014, as its forward bookings for the year to date are ahead of the previous year.
The business-to-business media and events group said that its revenues for 2014 would be heavily weighted towards the second-half of the year due to the timing of exhibitions. Its forward bookings for the year are 9% ahead of the previous year, adjusted for biennial events and acquisitions.
In Emerging Markets, the company continued to gain momentum through organic growth and the integration of acquisitions. In Dubai the company's GESS show in March saw a strong performance, and the outlook for its business aviation show MEBA in November is positive, it said.
In Turkey, the company's Ideal Homex event was ahead of the previous year. In Mexico, its joint venture with EJ Krause started well in March with networking event Expo Manufactura. The firm said it is alo optimistic for its Plastimagen event in November in Mexico.
As part of its 'Quickening the Pace' strategy it plans to launch three further shows with its joint venture in 2015.
In China, underwear show SIUF performed well, after the company acquired it earlier in the year. However, its GZ Auto event in January was behind the previous year.
In the US the company launched its Medical Metabolic Institute early in 2014, and expects the first event for the Institute to be in June. It continued to integrate its recent acquisition, the Cardiometabolic Health Congress. It's largest event in the US, Labelexpo, takes place in September and is expected to benefit from improving economic conditions.
In Europe, its French portfolio performed slightly ahead of 2013, however it remains cautious in its expectations for the French business for the full year as its largest exhibitions take place in the second-half.
Tarsus expects to post its half-year results July 30.
Shares in Tarsus were trading up 1% at 225 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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