ITE’s revenues up 5% recent financial year

London, 28th November: International event organiser, ITE Group plc, recently released its financial results for the year ended 30th September 2017. Revenues for the year were £152.6 million (US$207 million), representing growth of 5% on a like-for-like basis. Profit before tax was £31.6 million (US$43 million), compared to £36.5 million (US$49 million) in the previous year. In addition, the company’s forward bookings for FY2018 were reportedly up 20%.

In Asia, ITE generated revenues of £23.8 million (US$32 million) in the current financial year, which represents a decrease of 3% on a like-for-like basis. The decrease was attributed to a weaker biennial year in the region. The company organised a total of 35 events in the region during the year.

In China, ITE’s flagship event, Chinacoat/Surface Finishing China (SFCHINA) in Guangzhou recorded an 11% increase in net space sold, while its Fasteners grew by 10%in terms of net space sold.

Source: ITE announcement