Tarsus Group Delivers Positive 2018 Half-year Earnings Results

July 26, 2018

Tarsus Group’s first-half revenues were $46.8 million (£35.6 million), up 32 percent, compared with 2016. Like-for-like revenues during the same period, and compared with 2016, also were up 12 percent.

Adjusted profit before tax of $7.6 million (£5.8 million) also was up 45 percent, compared with the same period in 2016.

Tarsus large biennials – Dubai Airshow and Labelexpo Europe - both run in odd years.

“An integral part of our strategy for organic growth is to invest in and expand our leading brands globally through our growing launch programme. We are delighted by the performance of the first edition of Labelexpo Southeast Asia, demonstrating the strength of the Labelexpo brand,” said Tarsus Group managing director Douglas Emslie.

He added, “We have traded well in the first half, forward bookings are well up and we remain confident of delivering a strong performance in 2018 in line with the Board’s expectations.”

This year has seen the launch of the next phase of the Quickening the Pace strategy - "QTP2: driving scale and momentum", a program that builds on the original QTP strategy. 

The Group will deepen its presence in higher growth markets, look to maximise the scale of existing events and acquire new platforms for growth with the aim of continuing to drive strong shareholder returns.

Some first-half highlights include in China performance was strong and the Shenzhen events all performed well – in particular Hometex.

Labelexpo Southeast Asia, held in Bangkok in May was one of the group’s most successful launches ever, attracting nearly 8,000 attendees from 62 countries.

In the Americas, Connect held 13 events that were in live with expectations, the medical division also is performing in line and had a launch of the Cardiometabolic West event and the February Offprice edition also performed well.

In Mexico, trading was positive with another strong performance from Expo Manufactura.

Dubai’s first half was positive, and the only uncertainty still remains with some of the events in Turkey because of the political situation there and the around the further depreciation of the Turkish lira.

Launches will continue, particularly the replication of our events, which drives the growth of the Group's leading brands around the world and provides a lower risk, lower cost approach to driving organic growth.  Tarsus has invested consistently in this portfolio over the last four years, leveraging strong brands including Labelexpo, GESS and Connect. 

There are 17 new events planned for 2018 of which 8 were held in the first half. 14 previous events are not being repeated. Including 6 biennial events running next in 2019, the launch portfolio stands at 49.

Acquisitions also continue, with Tarsus and EJ Krause jointly acquired 60 percent of Expo Restaurantes, the leading restaurant show in Mexico, which successfully ran its first event under Tarsus ownership in June.

In the U.S., Connect acquired 80 percent of eTourism Summit, an event linking travel destination marketing executives with the latest products and services in digital marketing. The travel industry is one of the largest consumers of digital media.

In China, Tarsus has acquired a further 25 percent in SIUF, taking its overall stake to 75 percent, in line with the company’s strategy to acquire minorities where appropriate.

As for the outlook going forward, owing to the timing of the Group's events, revenues for the year as a whole are heavily weighted to the second half.

Bookings for the full year are strong and are 10 percent ahead of 2017 on a like-for-like basis. 

Add new comment

Partner Voices
  MGM Resorts is renowned for its exceptional service and diverse venue options across Las Vegas, Detroit, Springfield, National Harbor, Biloxi, and Atlantic City, providing flexible spaces for meetings of any size. Beyond these offerings, MGM Resorts distinguishes itself through a strong commitment to social responsibility and sustainability, making it an ideal choice for your next meeting.  At the core of MGM Resorts' company values is its platform, "Focused on What Matters," dedicated to meeting customer needs while advancing socially responsible practices. This commitment is evident in several key areas:  Protecting Natural Resources  MGM Resorts is home to industry-leading recycling, renewable electricity and water conservation programs. Some highlights include a cogeneration power plant at ARIA, producing ultra-efficient electricity; one of America’s largest contiguous rooftop solar arrays atop the convention center at Mandalay Bay; and onsite wells that provide water for the celebrated Fountains of Bellagio, avoiding reliance on precious Colorado River water. These efforts and many more save on natural resources while boosting attendee satisfaction.  Committed to Community  Always striving to be good neighbors, MGM Resorts works to avoid food waste and combat food insecurity with the Feeding Forward program. In partnership with local food banks, they safely divert unserved food to food insecure members of the community. Since 2016, over 5 million meals have been provided, highlighting MGM Resorts' commitment to minimizing food waste and addressing community needs.  MGM Resorts supports clients in their responsible-meetings efforts, not only with efficient venues but also waste-reducing décor and signage; sustainable food and beverage options; and outreach to help planners communicate sustainability efforts to attendees. What’s more, they offer a Mindful Meetings series that puts attendee wellness first—through fitness and mindfulness activities, and in give-back events with local charity organizations.   Fostering Diversity & Inclusion  To MGM Resorts, a diverse and talented workforce is essential to success. By cultivating innovative strategies that consider multiple perspectives and viewpoints, the company creates an inclusive workplace culture that benefits its employees and community. MGM Resorts takes pride in being a welcoming home for veterans, individuals with disabilities, people from diverse backgrounds, LGBTQ+ community members, and more. This commitment to inclusion is reflected in the company's recruitment and hiring practices and its social responsibility initiatives. From the workplace to the community, MGM Resorts' commitment to diversity, equity and inclusion remains unwavering, and its efforts continue to create a more equitable and sustainable world for all.  MGM Resorts offers unparalleled service and venue options while standing out for its proactive approach to sustainability and community engagement. Choosing MGM Resorts for your next meeting means aligning with a company that values social responsibility, efficiency, and attendee satisfaction, ensuring a meaningful and impactful event experience.