ITE spreads its wings

Further acquisitions have increased exhibitions group ITE's exposure to emerging markets - leaving the company with robust longer-term growth prospects

February 21, 2013

by Jonas Crosland

■ Two-thirds of annual sales already booked

■ Decent net cash balance

■ Further acquisitions likely

IC TIP: Buy at 267p

Exhibitions group ITE (ITE) has continued to broaden its geographic spread after announcing - in a trading statement this month - the £4m acquisition of a 75 per cent stake in Trade-Link, an exhibition organiser based in Kuala Lumpur. That follows December's purchase of a 28.3 per cent stake in ABEC, India's largest private exhibition organiser, for £14m in cash.

This is subscriber only content

Start your trial to keep reading

PRINT AND DIGITAL trial

Get 12 weeks for £12

Essential access to the website and app
Magazine delivered every week
Investment ideas, tools and analysis

Have an account? Sign in