Trading Update


 

TIDMTSEG 
 
RNS Number : 1174N 
TSE Group PLC 
11 February 2009 
 
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11th February 2009 
Embargoed: 7.00am 
 
 
TSE Group plc 
("TSE" or the "Company") 
 
 
Trading update for the year ended 31 December 2008 
 
 
The Board of TSE is delighted to announce that its wholly-owned subsidiary TSE 
Consulting SA has had a successful trading period over the last six months of 
2008 and over 50 per cent. of projected revenue for 2009 has already been 
contracted. 
 
 
Highlights for 2008 
  *  Revenue increased by over 30 per cent compared to 2007, which will result in the 
  Group's maiden profit before tax 
  *  The TSE office in Istanbul secured a number of important new contracts including:
 
          -    The Turkish Swimming Federation to assist them to secure the 
World Swimming




               Championships;


 
          -    The Turkish Athletics Federation to help them in their bid to win 
the World Indoor Athletics




               Championships; and


 
          -    The Turkish Golf Federation in their bid to host the World 
Amateur Team Championships. 
 
 
 
All three of the above bids were successful and Turkey will host these major 
international sporting events for the first time in 2012. 
 
 
  *  Through our work with the United States Olympic Committee we are currently 
  working with Chicago in its bid to host the 2016 Olympic Games 
 
  *  New contracts have also been secured in the Kingdom of Saudi Arabia and in South 
  Africa 
 
TSE now has an international network of offices and all of the Company's revenue 
is derived in Swiss Francs, Euros and US Dollars. Despite the global economic 
downturn the Board is confident that it is building a resilient business with 
the majority of the Group's clients emanating from the public sector. The Board 
intends, during 2009, to further expand the network of offices utilising the 
Group's own internal resources. 
 
 
Lars Haue-Pederson, Managing Director of TSE Consulting SA, commented: 
 
 
"I am delighted that we are able to report such positive developments in what is 
a difficult global economic market. Our strategy in developing international 
offices in key growth markets is now starting to deliver and we intend to pursue 
this development strategy throughout 2009. We have a great business that we have 
developed over the last few years and we are excited about the prospects for 
further substantial sales and profit growth during 2009." 
 
 
For further information, please contact: 
+---------------------------------------------------------+------------------------------------------+ 
|                                     TSE                 |                                     Tel: | 
|                                     Group               |                                     0207 | 
|                                     plc                 |                                     245  | 
|                                                         |                                     1100 | 
+---------------------------------------------------------+------------------------------------------+ 
|                                     Robin               |                                          | 
|                                     Courage,            |                                          | 
|                                     www.tsegroupplc.com |                                          | 
+---------------------------------------------------------+------------------------------------------+ 
|                                                         |                                          | 
+---------------------------------------------------------+------------------------------------------+ 
|                                     Beaumont            |                                     Tel: | 
|                                     Cornish             |                                     0207 | 
|                                     Limited             |                                     628  | 
|                                                         |                                     3396 | 
+---------------------------------------------------------+------------------------------------------+ 
|                                     Michael             |                                          | 
|                                     Cornish             |                                          | 
+---------------------------------------------------------+------------------------------------------+ 
 
 
 
 
Note to Editors: 
TSE Consulting SA is a wholly owned subsidiary of TSE Group plc, a company 
traded on AIM, a market operated by the London Stock Exchange. TSE Group plc 
will, through increased organic growth and acquisitions over the coming years, 
become a vertically integrated group of specialised companies providing high 
level consultancy services to governments and organising committees. TSE 
Consulting SA is the platform upon which the rest of TSE Group plc is based. TSE 
Group plc is committed to offering the complete range of services for 
governments and organising committees involved in major sports events. 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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