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Exhibitions group Tarsus makes strong start to new year

Forward bookings for some of Taurus’ larger events, such as the biennial Labelexpo Europe and the Dubai Airshow, are “encouraging”, while total like-for-like bookings this year up 10%+

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Tarsus organises and hosts various exhibitions and conferences around the world, including the Dubai Airshow

Exhibitions organiser Tarsus Group PLC (LON:TRS) is confident it can deliver “another good performance” in 2019 after making a strong start to the year.

Forward bookings for some of Taurus’ larger events, such as the biennial Labelexpo Europe and the Dubai Airshow, are “encouraging”, while total like-for-like bookings this year up 10%+.

Bosses also expect to benefit from weaker sterling in the year ahead.

READ: Tarsus drops at it raises money to fund buy-out of JV

The bullish outlook follows a decent 2018 for the group which saw it grow like-for-like revenues by 9%. Visitor/ buyer growth across the portfolio grew by a similar amount in the year, well ahead of its 5% target.

“2018 saw the launch of the latest phase of our Quickening the Pace strategy and we delivered against that strategy with another good year of progress both operationally and strategically,” said managing director Douglas Emslie.

“Bookings for our larger biennial events in 2019, including the Dubai Airshow and Labelexpo Europe, are promising.

“Our programme of brand replications is steadily augmenting our growth. While we remain mindful of geopolitical uncertainty, 2019 - the larger of the years in our biennial cycle - is shaping up to be another very progressive one for the group.”

Tarsus shares edged 0.4% higher to 257p in early deals on Monday, valuing the company at £315mln.

Quick facts: Tarsus Group Plc

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LSE:TRS
Market: LSE
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