ITE sees improving trading environment

20th Jul 2010 07:42

Exhibitions group ITE is trading in line with expectations and said it has noted indications of an improving trading environment in some of its principal markets.The benefits of these better trading conditions will mostly be seen in next year's events, it added.Revenues in the three month period to 30 June were £55.6m compared with £58.9m last year. Like for like revenues for the third quarter were about 7% below the comparable figure for last year. As at 16 July, the group had £106.9m of sales booked for the current financial year (this time last year: £108.4m), representing approximately 98% of the market's revenue expectations for the full financial year.