London, 26th July: U.K.-based exhibition organiser, the Tarsus Group has announced its interim results for the first half of 2017. Group revenues in the first half were £39.8 million (US$52 million) which on a like-for-like basis represents an increase of 4% (excluding acquisition and biennial events). The company also reported visitor growth of more than 8% across its portfolio.
Tarsus’s shows in Asia posted strong results. Revenues generated in Asia for the first half of the year were £13.1 million (US$17 million) and the adjusted profit before tax was £5.0 million (US$6.6 million) in the same period. According to Tarsus, two of its Shenzhen-based events, AAITF (automotive aftermarket) and SIUF (underwear and intimate apparel) both performed well. Hometex and Intex, held for the first time under Tarsus’ ownership, both performed in line with management’s expectations. In the Southeast Asia, the majority of Tarsus’ events are held in the second half of the year.
Douglas Emslie, Group Managing Director, commented, “2017 is set to be a strong year for Tarsus. Our determination to build a high quality portfolio in fast-growth markets is paying off, with recent acquisitions performing well and replications extending the reach of Tarsus brands across the world. We are seeing impressive results across the portfolio, thanks to the Group’s clear strategy of driving scale and momentum… Thanks to our increasing scale, we are positioned to deliver future growth – Quickening the Pace of returns to our shareholders.”