Tarsus Group has reported an increase in like-for-like revenues and visitor/buyer growth in its year-end trading update, released today (10 January).
The board anticipates that results for the year ended 31 December 2016 will be in line with its expectations, and the outlook for 2017 (the larger year in its biennial cycle) is positive.
Group like-for-like revenues, at constant exchange rates, increased by approximately eight per cent, while visitor/buyer growth across the portfolio was seven per cent on a like-for-like basis – ‘well ahead of the Group’s target of five per cent’.
Douglas Emslie, Tarsus Group managing director, said: “We have performed well in 2016. We have delivered strong buyer growth, further developed our growth prospects through our replication programme and increased our exposure to two strategically important markets with the additions of Connect in the US and Intex and Hometex in China.
“Bookings for our flagship biennial events, the Dubai Airshow and Labelexpo Europe, are promising. Our accelerated programme of brand replications is progressively adding to our growth. While we remain ever-mindful of geo-political uncertainty, 2017 – the larger of the years in our biennial cycle – is shaping up to be an exciting one for the Group.”
The Group expects to announce its final results for the year ended 31 December 2016 on 1 March 2017.