Tarsus Share Discussion Threads

[davebowler] 08/3/2010 09:42

Tarsus Group plc ("Tarsus" or "the Group"), the international business-to-business media group is pleased to announce record results for the year ended 31 December 2009.



During the year the Group has continued to implement its strategy of increasing its focus on its Emerging Markets division. These operations contributed approximately 33% of Group revenues in 2009 with management looking to increase this proportion to around 50% by 2013 ("Project 50/13").



Financial Highlights



· Revenue up 35% to £57.5m (up 25% on 2007).



· Adjusted profit before tax up 36% to £14.6m (up 12% on 2007).



· Like-for-like revenues up 1% - ahead of peer group.



· Net debt reduced by 10% to £30.7m - better than expectations.



· Proposed final dividend of 4p making a total of 6p for the year (up 20% on 2007) - nearly three times covered by adjusted earnings per share.



Operational Highlights



· Emerging Markets division continued to grow strongly and constituted a third of Group revenues in 2009.



· Visitor numbers increased across the portfolio by 7%, substantially ahead of industry trends.



· The Dubai Airshow, the Group's largest event, grew revenues by 19%, with attendance up 18%.



· Labelexpo Europe and Asia (China) both produced record results.



· New Food and Drink exhibition launched in India.



· New growth plan launched - "Project 50/13" - to accelerate emerging market scale.



Outlook



· Forward bookings represent approximately 49% of anticipated full year revenues (2008: 48%).



· Good brand progress - well placed for economic recovery.




Financial Results



2009


2008


2007


2009/2007 (%)

Revenue (£m)


57.5


42.5


46.0


25

Like-for-like revenue growth


+1%


+9%


+17%


n/a

Adjusted profit before tax (£m)


14.6


10.7


13.0


12

Adjusted EPS


17.4p


13.1p


16.6p


5

Dividend


6.0p


6.0p


5.0p


20

Operating Cash Flow (£m)


10.1


17.0


8.2


23

IFRS Results










2009


2008


2007


2009/2007 (%)

Profit before tax and after exceptional items (£m)


6.8


5.7


11.9


(43)

Basic EPS


6.3p


5.7p


15.2p


(59)

[billbyrne] 05/3/2010 15:06

I thought there would be more buying before the results. A few blocks
of 5000 gone through today which has moved the price.

Odd years are their best years so hopefully the results on monday will
be inline or better. The dividend is good but it would show confidence
if they hiked it a little.

Roll on monday.

[dennis russell] 05/3/2010 12:48

Results due monday, should be encouraging

[billbyrne] 05/3/2010 08:33

This looks to be a very good appointment. Lets hope he can drive the
Asia business forward as he did at UBM.

RNS Number : 1168I
Tarsus Group PLC
05 March 2010

?
5 March 2010

Tarsus Group plc

Appointment of new CEO for Asia

* Highly experienced CEO appointed to drive growth in Asia

* Continued development of business infrastructure within the Group

* Based in new Hong Kong office - local knowledge in local markets

Tarsus Group plc ('Tarsus' or 'the Group'), the international
business-to-business media group, is pleased to announce the appointment of Gary
Marshall, 52, to the Board as CEO Asia with effect from 31 March 2010.

Gary spent 11 years at United Business Media ('UBM') where for six years he was
CEO of their Asian B2B business. He led the business from its small initial
base and built it into one of the leading Asian international exhibition
organisers through an active organic and acquisition strategy. Based in Hong
Kong, the business developed a significant presence in Asia including a leading
position in China.

Following UBM's $920 million acquisition of CMP Media in 2000 Gary relocated to
New York to become President and CEO of CMP Media and Chairman of the Asia
operations. He left UBM in 2005 and then joined IDG Inc., the world's leading
technology media, events and research company, as Director of International
Business Development. At IDG he focused primarily on building their Asian and
Middle Eastern businesses.

Neville Buch, Chairman of Tarsus, commented:

"Tarsus' Emerging Markets division continues to grow strongly and constituted a
third of Group revenues in 2009. This growth has been underpinned by the
creation of the vital business infrastructure that is required to support
expansion in the region.

We are therefore pleased to be able to announce Gary's appointment to the Board
as the latest development in this key element of our strategy. His proven track
record in the exhibition industry and depth of international business
experience, particularly within Asia and the Middle East, will accelerate our
growth in Asia going forward and be a key asset in pursuit of our Project 50/13
growth strategy."*

The Company confirms that there is no further information required by Listing
Rule 9.6.13R to be disclosed in relation to Gary Marshall.


*Note for Editors:

The Project 50/13 growth strategy refers to the Group's recently stated
intention to source 50% of revenues from emerging economies by 2013.


Tarsus Group plc:

Douglas Emslie, Group Managing Director
020 8846 2700
Ashley Milton, Group Finance Director
020 8846 2700


Investors/Analysts:

Scott Harris
Stephen Scott, Jeremy Wiseman
020 7653 0030

This information is provided by RNS
The company news service from the London Stock Exchange
END

[davebowler] 15/12/2009 12:36

Tipped again in SCSW

[gucci] 19/11/2009 08:24

180p looks like the next stop
nice and steady

[gucci] 14/9/2009 16:21

looks like we're indeed heading for a breakout!

[davebowler] 14/9/2009 10:24

The Group's second half exhibitions have begun well, with the Off-Price Show in Las Vegas in August and the Medical event in San Jose in September both now currently trading slightly ahead of management's previous expectations.

Importantly, revenues for the two largest exhibitions in Tarsus' portfolio, Labelexpo Europe in September and the Dubai Airshow in November, continue to remain comfortably ahead of the comparable events in 2007.

[whiterussians] 11/9/2009 13:51

breakout imminent

[oscarino] 10/9/2009 16:10

nice find Stephanie.

[stephanie_m] 10/9/2009 07:21

The Times 10th September 2009

Tiddler to watch

Tarsus Group added ½p to 105½p after KBC Peel Hunt upgraded its rating on the media business to "buy" from "hold", saying that it thought the stock was due a run ahead of the Labelexpo trade fair. The broker also highlighted the point that Tarsus had risen by only 1 per cent in the past three months, lagging its peers.


s

[dennis russell] 26/8/2009 18:29

Looking at the Interims, I see that the £329k profit is attributable to minority interests, whilst the £53k loss is attributable to the equity shareholders. Is there a simple explanation?

[investinggarden] 13/8/2009 12:11

Buy recommendation from Growth Company Investor

[davebowler] 23/7/2009 09:21

Flag formation.

[dennis russell] 06/7/2009 16:32

Last weeks trading statement was reassuring, and today's placement @ a 5% discount even more so

[dennis russell] 11/6/2009 17:20

nice to see emslie toppping up his holding today

[aishah] 01/6/2009 08:58

Moving nicely now - tipped in TMI at the w/e

[km1966] 24/4/2009 08:13

well there is 100p will it hold?

[gumarabic] 20/4/2009 17:42

over 100p this week

[beaufort1] 20/4/2009 17:14

Well this baby just continues to rock!

[sheik yerbouti] 05/3/2009 13:44

Ex date is 25th March.

Historic yield over 8% at these levels.

6.37p dividend forecast for this year gives a yield of about 8.7%. That should give some support to the share price. Tarsus not exposed to the UK economy which is good news.

[billbyrne] 05/3/2009 12:57

westcoastrich

The directors announced the proposed final dividend for 2008, of 4.0p per share,
on 3 March 2009. Subject to approval at the Annual General Meeting on 30 April
2009 the proposed date of payment is 11 May 2009 to Shareholders on the Register
of Members on 27 March 2009.