International 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.”
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Related articles:
- ITE establishes a presence in China with the creation of Sinostar ITE Ltd Posted on November 18, 2013
- ITE Group acquires Platform Exhibitions in Turkey Posted on October 15, 2013
- ITE Pre-close trading update for the year ending 30 September 2013 Posted on October 1, 2013
- ITE Group plc – Interim Management Statement for the period April to July 2013 Posted on July 16, 2013
- ITE Group – results for the 6 months to March 2013 Posted on May 22, 2013
- ITE Group acquires Trade Link ITE Posted on February 4, 2013
- ITE Group acquires a minority stake in ABEC in India Posted on December 4, 2012
- ITE Group acquires Krasnodar Expo Posted on March 3, 2011
- ITE Group acquires Russian exhibition organiser, MVK for €33 million December 20, 2010
- ITE acquires two Ukrainian exhibitions Posted on April 16, 2012
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