Italian Exhibition Group reports net profit up 16.1 percent in 2019

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The best results ever in absolute terms of revenues, EBITDA and net profit. Total consolidated revenues at 178.6 million Euros (+11.8% compared to 2018). EBITDA reached Euro 41.9 million (+35.7%), the net result of the Group came to Euro 12.6 million (+16.1%)

Rimini (Italy), April 8, 2020 – The President of Italian Exhibition Group, Lorenzo Cagnoni, and Managing Director, Corrado Peraboni, hereby announce that the Board of Directors of Italy’s leading international trade show organizer, listed since June last on Borsa Italiana S.p.A.’s screen-based stock exchange (MTA), has approved (on April 7) the Consolidated Financial Statement and Budget Plan which will be submitted for approval at the Shareholders’ meeting next June.

Main consolidated results of the 2019 financial period

The Group’s total revenues for the 2019 financial period amounted to Euro 178.6 million, showing a double-digit growth of +11.8% compared to the Euro 159.7 million in 2018.

 

Italian Exhibition Group reports net profit up 16.1 percent in 2019

 

These results, despite a less favourable trade show calendar, which, in odd numbered years, does not include the “Tecnargilla” and “IBE” shows, continue to follow the growth trend registered at the end of 2018 (+22% compared to the previous year) and are proof of the effectiveness of the two-fronted strategies enacted to develop products already in portfolio and to further extend along external lines, a statement said.

EBITDA1 and EBIT, positively impacted by 3.7 and 0.3 million Euros respectively following the application of the IFRS 16 accounting standard, reached Euro 41.9 million and Euro 24.0 million respectively, highlighting a considerable increase compared to the 2018 financial period (+35.7% and +25.9% respectively) which did not take the IFRS 16 into account.

Keeping in consideration the effects of IFRS 16, the Group’s net result is Euro 12.6 million, an increase of 16.1% compared to the previous year.

Net consolidated equity at 31st December 2019 stood at approximately 106.1 million Euros compared to Euro 101.5 million at 31st December 2018.

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