London, 28th February: London-based Tarsus Group, also announced its year-end results for 2017 this week. The group reported revenues of £118 million (US$159 million) – up 35% compared with the results in 2015. In 2017, the company recorded 53% growth of adjusted profit before tax compared with 2015, reaching £40 million (US$55 million). Key highlights include 7% visitor growth across the group’s portfolio and recently completed acquisitions of Connect, Hometex and Intex.
In Asia, total revenues in 2017 were £23 million (US$32 million), up from £9.4 million (US$13 million) recorded in 2015. In China, the newly acquired Hometex and Intex shows both performed well, while the biennial Labelexpo Asia recorded strong growth. In South East Asia, where Tarsus’ portfolio performed well, especially the IIICE (Infrastructure) event in Indonesia.
Douglas Emslie, Group Managing Director of Tarsus, commented, “2017 was a record year for Tarsus. It saw the culmination of the first phase of our Quickening the Pace strategy, which over the past few years has transformed the business and produced strong returns for our shareholders. The Group has grown significantly, both organically and through carefully targeted acquisitions and over the next four years of our strategy we will build further on the strong foundations we have laid down.”
Source: Tarsus press release