Tarsus Group Buys Stake in Shanghai-based Show Portfolio

November 22, 2016

In its latest trading update, U.K.-based Tarsus Group not only said its remaining events for the year are in line with its expectations and forward bookings for 2017 are strong, but also the company bought PNO Exhibition Investment (Dubai) Ltd.

Company officials added that if exchange rates remain at current levels, particularly the weakness of the pound against the dollar, this will benefit its 2017 results.

Because of foreign exchange hedges taken out earlier in the year, the financial results for 2016 are not materially impacted by changes in the U.S. dollar exchange rate. 

Excluding the movements in the exchange rate, the underlying performance in the business continues to be strong.

The new acquisition, PNO Exhibition Investment (Dubai) Ltd., owns a 50-percent stake in Shanghai Intex Exhibition Co Ltd., which runs the Music China, CES Asia and Hortiflorexpo IPM events.

No financial details on the bolt-on acquisition were disclosed.

"We expect positive performances from our remaining shows this year and the group is confident of delivering a good result from our diversified portfolio for the full year,” said Tarsus Group's Managing Director Douglas Emslie.

He added, “Bookings for our larger biennial events in 2017 remain strong and the financial performance of the group in 2017 should benefit from foreign currency tailwinds.”

Add new comment

Partner Voices
Here at Mandalay Bay, venues are inviting and innovative. As one of the most iconic names on the Las Vegas Strip, the Mandalay Bay Convention Center has recently undergone an exciting upgrade. This renowned venue now offers everything your business needs, with a refreshed convention space designed to inspire productivity and creativity, as well as an impressive selection of world-class restaurants and amenities. If you're searching for a venue that is both inviting and innovative, Mandalay Bay is the place to be. Mandalay Bay is committed to investing in a new wave of enhancements, not only in the convention space but also throughout the entire resort. With new restaurant openings and remodels, spectacular entertainment, and updated rooms, Mandalay Bay promises to deliver new and exciting experiences to its guests until 2024. To create a truly effective conference venue, Mandalay Bay has carefully considered what businesses require. The right technology, capacity, and inspiration are essential to take ideas to the next level. The refreshed Mandalay Bay Convention Center has been designed with your business in mind. Every room is equipped with newly-upgraded technology, enhancing our ability to support bandwidth demand and overall data capabilities. Additionally, the addition of 10 new digital walls provides bigger and more dynamic ways to display customized content messages. Mandalay Bay offers world-class conference space and service. The venue options range from ballrooms to ample pre-function spaces, catering to teams of any size while accommodating multiple large groups simultaneously. Our certified planners work collaboratively with you to understand your specific event requirements, anticipating your business needs and offering the best-fit solutions. In addition to providing exceptional conference facilities, Mandalay Bay is also dedicated to sustainability. We strive to give our guests an unforgettable experience while minimizing our impact on the environment. As part of our sustainable energy efforts, you'll find refillable water stations throughout the property, eliminating the need for single-use plastic bottles and reducing unnecessary plastic usage. Mandalay Bay is proud to offer an upgraded and enhanced experience for businesses seeking a venue that combines innovation, convenience, and sustainability. Whether you're hosting a conference, meeting, or other business event, Mandalay Bay's refreshed convention space, world-class service, and commitment to sustainability make it the ideal choice. Come and discover the new wave of experiences awaiting you at Mandalay Bay on the Las Vegas Strip. Wherever your organization is going, getting there starts with being here.