Tarsus Group says Q3 meets expectations but enters 2015 "cautiously"

11th Nov 2014 15:28

Media company Tarsus Group said its third quarter was in line with expectations with like-for-like bookings 8% ahead of 2013.The acquisition of the South Beach Symposium, a Miami event focused on dermatology and its online education platform will accelerate the move of its Metabolic Medical Institute into the "mainstream medical market", Tarsus said.Several events during the period delivered good results to the company, such as the Off-Price discount clothing and accessories event in Las Vegas and the Zuchex housewares and gift exhibition in Istanbul.However, the uncertainties caused by Obamacare in the US resulted in delayed investments by doctors. These delays led to educational revenues tracking behind last year´s levels.The company said it is planning 2015 "cautiously" because of current international geopolitical tensions.Managing editor Douglas Emslie said: "We expect solid performances from our remaining shows in 2014 and the Group remains confident of delivering a good performance for the full year."Investec analysts said they see the shares as "attractive", giving a 'buy' recommendation and a 204p target price.Shares were down 1.83% to 200p at 14:48 on Tuesday.