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Trading statements

ITE revenues up in challenging conditions

03 October 2017 07:17

ITE Group's performance in the fourth quarter was in line with management expectations.

The group said that following the strategy update, it had been focusing on core market leading events and this had seen strong revenue growth which had offset the cancellation of smaller, non-core, low yielding events.

It said revenues for FY 2017 were expected to be around £151m (2016: £134m).

It said that on a like-for-like basis, revenues would be around 3% ahead of the prior year.

It said that excluding event cancellations and launches, like-for-like revenue growth would be circa 5% which represented the first year of like for like growth in four years and was achieve despite challenging conditions in some of its markets.

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