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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Hyve Group Plc    ITE   GB00BKP36R26

HYVE GROUP PLC

(ITE)
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Delayed Quote. Delayed London Stock Exchange - 05/29 11:37:44 am
95.85 GBX   -12.69%
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ITE Group plc : ITE Acquires Platform Exhibitions Inc

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10/15/2013 | 04:36am EDT
News
15 October 2013
ITE Acquires Platform Exhibitions Inc

The ITE Group has announced the acquisition by its Turkish subsidiary, EUF, of 100% of the shares of Platform Exhibitions Inc, organisers of Beauty Eurasia, from Mahmut and Ayse Er who will continue to manage the event.

Beauty Eurasia is the leading trade exhibition for the beauty, personal care and cosmetics industries in Turkey and the surrounding region. It is held annually in June in Istanbul and the 2013 event (9th edition) reached over 8,000m2 net and was attended by over 21,000 professional visitors.

ITE organises beauty trade fairs in Ukraine and Russia and earlier this year acquired an interest in the Cosmobeauté series of events in Southeast Asia. The deal to acquire Platform Exhibitions was brokered by Mayfield Media Strategies.

ITE's Chief Executive Officer, Russell Taylor, said. "Beauty Eurasia is the market leading beauty and personal care exhibition in Turkey. The beauty sector is growing in developing markets and this acquisition further enables us to provide the industry with a series of high quality events across a number of our core markets."

Ends.

Images available:

Russell Taylor - Chief Executive Officer, ITE Group plc
Beauty Eurasia 2013
Beauty Eurasia 2014

Editorial Contacts:
For general press enquiries, please contact:
London
Mr Richard Wightman - Head of Marketing, ITE Group plc
+44 207 596 5087
richard.wightman@ite-exhibitions.com


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Financials
Sales 2020 176 M 217 M 217 M
Net income 2020 -141 M -174 M -174 M
Net Debt 2020 94,0 M 116 M 116 M
P/E ratio 2020 -0,71x
Yield 2020 3,75%
Capitalization 79,0 M 97,5 M 97,5 M
EV / Sales 2019
EV / Sales 2020 0,98x
Nbr of Employees 1 190
Free-Float 30,5%
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Technical analysis trends HYVE GROUP PLC
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 354,66 GBp
Last Close Price 96,79 GBp
Spread / Highest target 689%
Spread / Average Target 266%
Spread / Lowest Target 55,0%
EPS Revisions
Managers
NameTitle
Mark Samuel Shashoua Chief Executive Officer & Executive Director
Richard Last Non-Executive Chairman
John Gulliver Chief Operating Officer
Andrew William Beach Chief Financial Officer & Executive Director
Stephen Ronald Puckett Senior Independent Non-Executive Director
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