London, 3rd October: London-listed ITE Group plc, has published its trading update for the year ended 30th September 2018. Revenues for the financial year are expected to be £175 million (US$228 million).
According to the company, it continues to make progress on its “Transformation and Growth” (TAG) programme. As part of this programme and in an effort to re-align its events portfolio, ITE has sold 56 non-core Russian events and two Malaysian events.
In India, ITE expects growth in its largest, leading shows in 2020 primarily due to the completion of a new exhibition hall which is scheduled in April 2019. The new hall will be part of the existing Pragati Maidan venue in Delhi and it will add 100,000 m2 of exhibition space.