ITE Group plc reported group revenue results for the first quarter ended 31 December 2017. The group's performance in the quarter was in line with management expectations. The early benefits of the Transformation & Growth ("TAG") programme continue to be felt with forward bookings up double digit on a like-for-like basis into 2018. Revenue was £40.7 million against £35.0 million a year ago. The increase is largely due to the Breakbulk North America event not taking place in the comparative period due to event timing, the first-time impact of two events from prior year acquisition of Gehua in China, and this being the stronger biennial quarter. On a like-for-like basis revenues for the quarter are 5% higher than the comparative period. Two top 10 events ran in the quarter, collectively delivering double digit like-for-like revenue growth.

For the fiscal year 2018, as at 19 January 2018, the group had booked circa £113 million of revenue representing circa 70% of market expectations for the full year. On a like-for-like basis, these revenues are 16% ahead of this time last year and on a volume basis are 7% ahead reflecting the impact of earlier bookings and ITE's focus on core events following the launch of the early TAG initiatives. The Board announced that performance is in line with expectations.