Tarsus positive trading signals recession end
by Annie Byrne
Media group and exhibition organiser Tarsus is trading in line with expectations, despite setbacks in France and Dubai.According to the company’s interim management statement covering the trading period from 28 July to 15 November, the improving world economy is beginning to positively affect trade.The labels group did particularly well with the profitable launch of Labelexpo South China as a complement to Labelexpo Asia. It also reported a five per cent rise in visitors at Labelexpo America despite a seven per cent drop in exhibitor spend.Delays to Dubai’s airport exhibition facilities had a small impact on results, Tarsus said, while the political unrest in France has affected attendance to the company’s events there. Dubai’s airport expansion will continue until the first quarter of 2011.Earlier this year, Tarsus reported a 22 per cent climb in profit before tax. Roger Pellow, Tarsus board member and Labels Group MD, said the success of the group was tied to the growth of the labels and packaging industries in developing markets. “We have done our homework on the markets and deliver the visitors they need to do business,” he commented. Pellow now hopes to expand the Labelexpo brand in Mexico and Brazil, where he hopes to turn the smaller-scale Label Summit into a full-blown exhibition.