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ITE Group PLC (ITE.L)

ITE.L on London Stock Exchange

74.10GBp
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Change (% chg)

1.00 (+1.37%)
Prev Close
73.10
Open
73.50
Day's High
75.60
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73.50
Volume
4,832
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384,821
52-wk High
90.20
52-wk Low
55.40

Latest Key Developments (Source: Significant Developments)

ITE Group Says Outlook For Remainder Of Year Is Strong
Tuesday, 14 May 2019 

May 14 (Reuters) - ITE Group PLC ::ITE GROUP PLC HY REVENUE OF £107.8M; GROWTH OF 6% ON A LIKE-FOR-LIKE BASIS.ITE GROUP PLC HY HEADLINE PROFIT BEFORE TAX OF £24.5M, GROWTH OF 7% ON A LIKE-FOR-LIKE BASIS.HY STATUTORY PROFIT BEFORE TAX OF £1.9M AFTER INCREASED M&A-RELATED COSTS.ITE NET DEBT INCREASED AS EXPECTED FROM £51.2M TO £108.9M FOLLOWING ASCENTIAL EVENTS AND MINING INDABA ACQUISITIONS.FORWARD BOOKINGS OF £200M ALREADY CONTRACTED FOR FY19; FY20 FORWARD BOOKINGS UP 11% ON A LIKE-FOR-LIKE BASIS.INTERIM DIVIDEND MAINTAINED AT 0.9P, IN LINE WITH POLICY.EXPECT TO REACH MOST TAG TARGETS EARLIER THAN PLANNED AND ALL TARGETS WITHIN PLANNED TIMEFRAME.OUTLOOK FOR REMAINDER OF YEAR IS STRONG.CONTINUE TO TRADE IN LINE WITH BOARD EXPECTATIONS FOR FY19.EXPECT TO SEE FULL BENEFITS OF INVESTMENTS WE HAVE MADE INTO ACQUIRED EVENTS FROM FY20 ONWARDS.FY CONTRACTED REVENUES ALREADY STAND AT 94% OF FULL YEAR CONSENSUS AND ARE 6% AHEAD OF THIS TIME LAST YEAR ON A LIKE-FOR-LIKE BASIS.HAVE ALSO CONTRACTED £58M OF REVENUES FOR FY20, REPRESENTING A LIKE-FOR-LIKE INCREASE OF 11% GIVING US GOOD VISIBILITY INTO NEXT YEAR.  Full Article

ITE Says Shows Performed Well Despite Sanctions In Russia, Brexit
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - ITE Group PLC ::ITE GROUP PLC - FY REVENUE £175.7M VERSUS £152.6M.ITE GROUP PLC - FY HEADLINE PROfiT BEFORE TAX £35.4M VERSUS £31.6M.ITE GROUP PLC - FY NET DEBT £82.7M VERSUS £49.7M.ITE GROUP PLC - FORWARD BOOKINGS6 OF £147M ALREADY CONTRACTED FOR FY19, UP 11% ON A LIKE-FOR-LIKE BASIS.ITE GROUP PLC - DELIVERING AHEAD OF SCHEDULE ON FOUR OF OUR FIVE TARGETS FOR THREE-YEAR TAG PROGRAMME, AND ON TRACK TO DELIVER FIFTH TO PLAN.ITE GROUP PLC - TRADING FOR FY19 IS CURRENTLY IN LINE WITH BOARD'S EXPECTATIONS.ITE GROUP PLC - REMAINS POSITIVE ON GROUP'S FUTURE GROWTH PROSPECTS AND CURRENT TRADING IS IN LINE WITH BOARD'S EXPECTATIONS.ITE GROUP PLC - INTEGRATION OF ASCENTIAL EVENTS BUSINESS IS PROGRESSING IN LINE WITH EXPECTATIONS.ITE GROUP PLC - ON TRACK TO DELIVER BETWEEN £4M AND £5M OF SYNERGIES FROM INTEGRATION OF ASCENTIAL EVENTS.ITE GROUP PLC - SAYS MAJORITY OF SHOWS PERFORMED WELL DESPITE SANCTIONS IN RUSSIA, TENSIONS IN UKRAINE, POLITICAL DISRUPTION IN TURKEY, AND BREXIT.  Full Article

ITE Group Announces Proposed Disposal Of ITE Expo LLC
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - ITE Group PLC ::PROPOSED DISPOSAL OF ITE EXPO LLC.GROUP WILL RECEIVE CONSIDERATION OF RUB 640 MILLION.GROUP WILL RECEIVE CONSIDERATION OF RUB 640 MILLION (APPROXIMATELY £8 MILLION) OVER NINE YEARS FOLLOWING COMPLETION OF TRANSACTION.PROPOSED DEAL INCLUDES ADDITIONAL VARIABLE CONSIDERATION OF UP TO RUB 400 MILLION BASED ON TARGET'S INCREMENTAL REVENUE GROWTH DURING THIS PERIOD.INTEND TO USE PROCEEDS FROM DISPOSAL FOR GENERAL CORPORATE AND WORKING CAPITAL PURPOSES.WHILST DISPOSAL EXPECTED TO BE MARGINALLY DILUTIVE TO EARNINGS, EXPECT OVERALL BENEFITS OF TAG PROGRAMME TO EXCEED SHORT-TERM DILUTION.  Full Article

ITE Group Sold 75 Percent Stake In ECMI ITE Asia For MYR 15M
Wednesday, 25 Jul 2018 

July 25 (Reuters) - ITE Group PLC ::DISPOSAL OF 75PCT HOLDING IN ECMI ITE ASIA SDN. BHD.DEAL FOR CASH CONSIDERATION OF MYR 15M.SOLD 75 PERCENT STAKE IN ECMI ITE ASIA AND RELATED ASSETS IN INDONESIA TO UNIT OF UBM PLC WHICH RECENTLY BECAME PART OF INFORMA GROUP.  Full Article

ITE Group posts FY headline pretax profit of ‍31.6​ mln pounds
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - ITE GROUP PLC ::FY REVENUE OF ‍152.6​ MILLION STG VERSUS. 134.4 MILLION STG.FY HEADLINE PROFIT BEFORE TAX OF ‍31.6​ MILLION STG VERSUS 36.5 MILLION STG.FY HEPS OF ‍8.1​ PENCE PER SHARE.FY HEPS OF ‍TAG PROGRAMME IS ON TRACK, WITH SIGNS OF SUCCESS FROM EARLY INITIATIVES​ PENCE PER SHARE.TOTAL DIVIDEND 4 PENCEPER SHARE.FINAL DIVIDEND 2.5 PENCEPER SHARE.ENTERS NEW FINANCIAL YEAR WITH A HIGHER LEVEL OF VISIBILITY, WITH FORWARD BOOKINGS 20% AHEAD OF LAST YEAR ON A LIKE-FOR-LIKE BASIS​.  Full Article

ITE Group's sees FT revenue of about 151 million stg
Tuesday, 3 Oct 2017 

Oct 3 (Reuters) - ITE Group Plc ::GROUP'S PERFORMANCE IN Q4 WAS IN LINE WITH MANAGEMENT EXPECTATIONS.REVENUES FOR FY 2017 ARE EXPECTED TO BE CIRCA £151 MLN (2016: £134 MLN).ON A LIKE-FOR-LIKE BASIS, FY REVENUES WILL BE CIRCA 3 PCT AHEAD OF PRIOR YEAR.AS AT 30 SEPTEMBER 2017, GROUP HAD BOOKED CIRCA £79 MLN OF REVENUE FOR 2018 FINANCIAL YEAR (2017: £58 MLN).  Full Article

ITE exhibitions brings in money despite Brexit, Turkey economic challenges

ITE Group Plc said on Wednesday booked revenue was 18 percent higher for the financial year 2020, as the exhibition organiser's turnaround plan to add more high-profile events begins to pay off.