ITE revenues up 12% following a year of Asian acquisitions

ITEInternational trade exhibitions and conferences group ITE Group has announced preliminary results for the year to September 2013.  Revenues are up 12% to £192 and headline profits are up 12% to £59.4m. £106m of revenues are booked for 2014.

Russell Taylor, CEO of ITE Group plc, said, “”ITE has continued to expand its business this year through a mixture of organic and acquisition led growth.”

This year ITE has acquired Trade Link in India,  Platform Exhibitions in Turkey, 50% of ECMI in Malaysia and last month Sinostar in China.

Taylor went on to say, “Good organic growth across our core portfolios in Russia and the CIS together with a strong biennial performance from the Moscow International Oil and Gas Exhibition have combined with the newly acquired businesses in Asia to deliver record financial and operating results.”

ITE sept 13Click on the table for an enlarged view

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