Friday, August 02, 2013

Tarsus’ revenue in emerging markets up 13%

News this week: Earlier this week, London-listed media group, Tarsus Group, released its financial results for the six months ended 30th June 2013. Group revenues were £26.0 million (US$40 million), like-for-like revenue was up 14% after adjusting for biennials and acquisitions. Adjusted profits before tax in the first half of 2013 was £3.9 million (US$5.9 million), doubled the £1.8 million (US$2.7 million) in 2012.

Tarsus’ management reported strong performance from emerging markets (China, Turkey and Dubai) – an increase of 13% in like-for-like revenue reaching £12.3 million (US$19 million). Adjusted profit before tax in emerging markets in the period was £3.3 million (US$5.0 million), up from 2012’s £1.5 million (US$2.3 million).

Douglas Emslie, group managing director, said, “We are focused on delivering our “Quickening the Pace” strategy and we have got off to a fast start. We continue to add value to our portfolio of market leading events by replicating these brands both domestically and internationally. The pace of brand replications has quickened during the period. We have good visibility for the full year, especially from our two largest events – the Dubai Airshow and Labelexpo Europe – and we are confident of a positive full year outcome.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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