Tarsus Group 2015 First-half Revenues See Increase to $53 Million

July 29, 2015

U.K.-based Tarsus Group released its interim results for the first half of 2015 (ending June 30), and the news was positive, with revenues reaching $53 million, up from $36 million last year and $41 million in comparable year 2013 (when biennials run).

Taking into account not only acquisitions, but also biennial shows, organic revenue growth rose 14 percent and visitor growth increased 9 percent.

"Our record trading performance in the first half was very encouraging and we also made further strategic progress with our replications in Emerging Markets,” said Douglas Emslie, Tarsus Group managing director.

He added, “The investment in our portfolio has resulted in sector leading organic revenue and visitor growth.”

The positive results were a boost to the company’s "Quickening the Pace" strategy, which is focused on accelerating the pace of financial returns to shareholders. 

The first half of 2015 also saw Tarsus Group expand its global footprint even more with the purchase of PAINWeek from Aventine Co. for $27.5 million.

PAINWeek runs the leading U.S. event for pain management, which takes place annually in September in Las Vegas.

In addition, the company expanded even further into the emerging markets by buying a stake in AMB with events in Cambodia and Myanmar.

Tarsus also completed the divestiture of its French business by selling 100 percent of Tarsus France Holdings SAS to Magellan VI SAS for approximately 10.3 million.

"The execution of our strategy gathered pace recently with acquisitions of PAINWeek and AMB and the agreement to dispose of our French business,” Emslie said.

The first half of the year saw strong results from existing shows, including Asansor and Komatek in Turkey, as well as replications of the GESS and Industrial Print Expo brands into Mexico.

The second half of the year looks bright as well Forward bookings currently 15 percent ahead of 2014 (adjusted for biennial exhibitions. There also is a Promising outlook for larger events in the second half, such as Labelexpo Europe and Dubai Airshow.

"Revenues for the year as a whole are heavily second-half weighted owing to the timing of the Group's larger exhibitions. Bookings overall are 15 percent ahead, adjusting for biennials,” Emslie said.

He added, “Prospects for our two largest events in the second half – Labelexpo Europe and the Dubai Airshow – are encouraging. The Group is increasingly confident of delivering a strong result for the year as a whole."

Add new comment

Partner Voices
Dallas already boasts 35,000 hotel rooms, award-winning global cuisine, and a walkable downtown. But we are just getting started. Visit Dallas is thrilled to announce that the city of Dallas is doubling down with a massive new convention center and entertainment district. Featuring 800,000 square feet of exhibit area, 260,000 square feet of meeting rooms, and 170,000 square feet of ballroom. The center will connect business travelers with dining and shopping options in the popular Cedars District means more places to get down to business, and even more ways to unwind. “Dallas is already a great meetings and conventions destination, with the accessibility of two major airports, affordable labor, and an outstanding hotel product,” said D. Bradley Kent, Visit Dallas senior vice president and chief sales officer. “The new center and Convention Center District will enhance Dallas’ competitive position and are exactly what our customers’ need and have been asking for." What’s New – AT&T Discovery District Located in the heart of Downtown Dallas, this new district on the AT&T corporate campus is tailor-made for groups of all sizes. It boasts a multi-sensory experience, including outdoor event space, the AT&T Theater, and multiple dining outlets including JAXON Beer Garden and The Exchange, a bustling food hall. Hotels Coming Soon Names like the JW Marriott (Downtown), lnterContinental Dallas (Uptown), and Hotel Swexan (Uptown) are adding luxury amenities and bountiful event spaces. The projects will debut in 2023 and beyond. JW Marriott This new, 15-story, 283-room hotel will open in the heart of the city’s downtown Arts District this year. The property features a 25,000-square-foot grand ballroom, as well as a spa, restaurant, lobby bar, fitness center, and a rooftop pool deck and bar. InterContinental Dallas  Located in Cityplace Tower in Uptown, InterContinental Dallas will feature sweeping panoramic views of the Dallas skyline. Guests will enjoy spacious, high-end rooms and amenities, including more than 21,000 square feet of event space.   Hotel Swexan Hotel Swexan, a new, 22-story luxury property, is rising in Uptown’s Harwood District and will make its mark on the Dallas skyline. Opening this year, it is a sculptural building with cantilevered upper floors, as well as a 75-foot rooftop infinity-edge swimming pool and a hidden underground lounge.