London, 27th February: Earlier this week, London-based Tarsus Group announced its year-end results for 2018. The group reported revenues of £100 million (US$127 million) – up 46% compared with 2016. In 2018, the company recorded 45% growth of adjusted profit before tax compared with 2016, reaching £28 million (US$35 million). The number of buyers attending Tarsus’ shows during the year increased 10% on a like-for-like basis.
In Asia, total revenues in 2018 were £26.5 million (US$34 million), up from £12.8 million (US$16 million) recorded in 2016. In China, Tarsus’ shows in Shenzhen all performed well and CES in Shanghai recorded strong buyer growth. During 2018, the company increased its stake in SIUF to 75%. Meanwhile, in the Southeast Asia, Tarsus launched its inaugural Labelexpo Southeast Asia in Bangkok. Management reported that other shows in the region also posted strong performance.