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Trading statements

Tarsus Group says trading since March 2 in line

17 May 2016 07:44

Tarsus Group said trading since its annual results in March has been in-line with directors' expectations, with good performances to date across the its portfolio.

"Buyer growth on a like-for-like basis is tracking ahead of our internal target of 5%. We continue to execute our 'Quickening the Pace' strategy and, as part of this, remain on course to run a larger number of replications in 2016," the company said in a statement.

FY forward bookings are tracking up 10% on a like-for-like basis, it said.

China continues to perform well with SIUF, Asia's largest underwear show, exceeding the 2015 edition. Buyer growth was up an excellent 13%.

Trading in Turkey was in-line with expectations with a particularly strong performance from Ideal Homex, the largest event in the period.

The Dubai portfolio continues to demonstrate growth. The largest event in the first half of the year was GESS (education), which performed very well with buyers increasing 17% over the previous edition.

Plastimagen, Tarsus' plastics exhibition in Mexico, performed strongly. The replication of GESS into Mexico held its second edition and showed good progress, with buyer growth of 8%.

The US portfolio continues to show solid growth. Tarsus' Medical business performed in line with expectations. This division continues to make good progress with its growth initiatives, with Painweek performing particularly well.

Story provided by StockMarketWire.com

Related Company: TRS

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