Tarsus’s forward bookings for the year stand at 75 per cent of anticipated full-year revenues, compared with 67 per cent at the same time in 2010, according to a market statement released today.
The figures, adjusted to account for biennial events, relate to the period from the publication of the business to business exhibition and conference organiser’s preliminary results on 7 March 2010 to 5 May 2011.
The group’s revenues remain heavily weighted for the second half of each year, and odd years are by far the larger in profit terms, containing both Labelexpo Europe in September and the Dubai Airshow in November.
Nonetheless its performance has been competitive. In the US, the Off-Price Show in Las Vegas saw revenues rise 10 per cent while its medical division demonstrated good growth thanks to education programmes, including new ones delivered online.
In France, performance from the second half of 2010 continued into the first four months of 2011, with Tarsus claiming the portfolio there was ‘stabilising’. Mod’amont, its largest event in the period, was the same size as its February 2010 edition, while April’s smaller IT and services exhibitions, despite producing revenues behind last year’s editions, grew their attendances by eight per cent.
According to its financial statement, general activity in the exhibition market is picking up, and Tarsus is seeing an increase in M&A opportunities that fit its criteria. The company also remains committed to a long-term strategy of increasing its exposure to emerging markets and driving organicgrowth within the business.
In other news, the company announced the appointment of Dan O’Brien to replace Ashley Milton as group finance director. O’Brien, who was previously Group CFO of Shine Group, replaces Milton on the board on 4 July. Milton, who is taking up a media-buying role at a FTSE 100 company, leaves the Group on 31 July.
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