The international business-to-business media group, Tarsus Group, has announced its revenues of £86.9m, a 10% like-for-like increase for the year, according to the group’s results for the year ending 31 December 2015. The results were up 15% against 2013.
“2015 was an important year for Tarsus,” said group MD Douglas Emslie.
“We passed a significant milestone in the strategic progress of the group with the sale of our French business. This will allow us to concentrate resources on our selected core geographies, which offer the best opportunities for growth.”
The Group made further progress in delivering its “Quickening the Pace” strategy which is focused on accelerating financial returns to shareholders. This is being achieved through a combination of organic growth from the existing portfolio, geographical replications of major brands across faster growth economies and the identification of small strategic acquisitions in our selected geographies.
“Our ’Quickening the Pace’ growth strategy gained further traction and we achieved industry leading organic growth through our focus on delivering larger numbers of buyers to our exhibitions – up 9% in 2015.”
Tarsus also made two strategic acquisitions in the year. The addition of Painweek in the US and the acquisition of 50% of AMB has given further exposure to the fast growing markets of the US and South East Asia.
Tarsus reported record rebooks for global brands including Labelexpo Europe and Dubai Airshow in 2017 and said it will continue to replicate its existing brands in new markets.
“We achieved organic revenue growth of 10% and are continuing to invest in replications of our successful brands to maintain momentum over the medium-term. Forward bookings are strong and the group is well positioned to deliver a good performance in 2016,” Emslie added.
Find the full report here: Tarsus Group plc results for year ended 2015