ITE Group plc – 2002 Results - Highlights
•                   Year Ended Year Ended
•                 30 September 2002 30 September 2001
•Turnover £52.4m £50.4m
•
•Total turnover incl share of Associates £57.5m £57.5m
• (Associate share) £5.1m £7.1m
•
•Gross margin 41% 44%
• (Margin erosion primarily due to underperformance of
• Intermedia and Technology events, Balkans business
• and absence of biennial Moscow Oil & Gas event)
•
•Headline profit before non-recurring charges £10.8m £13.5m
•
•Non-recurring charges (£  2.9m) (£  0.5m)
•
•Operating expenses £12.0m £11.1m
• (includes foreign exchange losses of £1m primarily
• related to weakening of USD$)
•
• Increase: Staff costs £ 1.6m
• Exchange loss £ 0.4m
• Professional fees £ 0.2m
• Other £(0.5m)
• Management fees  £(0.8m)
• £0.9m
•
•Contribution from Associates: £356k £522k
• (decrease largely due to rescheduling of key Turkish
• events and deterioration in ACG Egyptian performance)
•
•Impairment £6.2m £39.1m