24th Feb 2005 12:00
ITE Group PLC24 February 2005 24 February 2005 ITE Group plc Trading Statement ITE Group plc Chairman, Iain Paterson, made the following comments at theCompany's Annual General Meeting today. "The Group continues to experience strong demand for its core exhibitions andevents. The principal events which have taken place so far this year haveenjoyed growth in both volume and revenue over the equivalent events last year. "The Kazakhstan Oil and Gas exhibition and conference held in October was thelargest to date and improved its sterling revenues by about 10% over last yeardespite the effect of a weaker US Dollar. The Food Ingredients exhibition thatwas held in Moscow in November and Kievbuild, our Ukrainian building exhibitionheld in February, also increased their volumes and revenues by more than 10%over last year's events. The Spring version of MODA, our UK fashion exhibitionheld in Birmingham, achieved sales of 12,000m(2) net, its best ever performance. "In Kyiv, Ukraine, the two acquisitions made in 2004 in the Medical and Telecomssectors both enjoyed successful first time outings under ITE's ownership." Forward sales bookings for the remainder of the financial year continue to enjoygrowth of more than 11% on last year on a 'like for like' equivalent basis.However certain shows remain constrained by venue capacity. ITE has now sold 80%of consensus market forecasts for full year revenues and the Board remainsconfident of fulfilling expectations." -Ends- Enquiries: Iain Paterson 020 7596 5000Chairman, ITE Group plc David Simonson / Bridget Fury 020 7653 6620Merlin This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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