Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Italian Exhibition Group S.p.A.'s Board of Directors Approves the Consolidated Financial Statement at 31 December 2019

This image opens in the lightbox

News provided by

Italian Exhibition Group

07 Apr, 2020, 17:25 GMT

Share this article

Share toX

Share this article

Share toX

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%) and the net result of the Group came to Euro 12.6 million (+16,1%)

In this time of huge uncertainty, IEG is constantly flanking its Customers and the Market to plan their economic recovery together after COVID-19.

RIMINI, Italy, April 7, 2020 /PRNewswire/ -- 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 today approved 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. 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.

EBITDA 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.

Results by business area in the 2019 financial period.  

The Group's "core business", which consists of directly organizing trade shows, represented 54.7% of overall revenues during the financial period with an organic growth that involved the main product leaders in the "Food & Beverage", "Jewellery & Fashion", Green & Technology" and "Tourism & Hospitality" categories, leading to a 6.7% increase in earnings (about +6.6 million Euros). In 2019, compared to the same period in the previous year, the Congress Event business line, which represents 8.7% of overall earnings, experienced a significant growth of +19.1% compared to 2018, mainly thanks to the larger congresses in terms of number of participants, the amount of space required and additional services requested. Earnings from the Correlated Services business line, which involves exhibition set-ups, catering and cleaning, amounted to 32.4% of the Group's total revenues showing an increase of 39.2% compared to 2018.

The Parent Company, Italian Exhibition Group S.p.A., results and proposal for profit distribution

The Parent Company, Italian Exhibition Group S.p.A., closed its 2019 financial period with overall revenues of Euro 124.1 million, an EBITDA of Euro 36.0 million and a net profit of Euro 13.9 million. In 2019, at its facilities in Rimini and Vicenza, as well as further premises in Milan and Arezzo, IEG staged 48 directly organized or hosted trade shows and 190 congress events.

Logo - https://mma.prnewswire.com/media/723307/Italian_Exhibition_Group_Logo.jpg  

Italian Exhibition Group Press Contacts
Press Office Manager: Marco Forcellini, marco.forcellini@iegexpo.it  
International Press Office Coordinator:  Silvia Giorgi, silvia.giorgi@iegexpo.it, P. +39-0541-744814 

Related Links

https://www.iegexpo.it/en/

Modal title

Also from this source

ITALY, SIGEP WORLD 2026: IT'S GELATO WORLD CUP YEAR, PIZZA (R)EVOLUTION IS BACK, INDIA AS GUEST COUNTRY

ITALY, SIGEP WORLD 2026: IT'S GELATO WORLD CUP YEAR, PIZZA (R)EVOLUTION IS BACK, INDIA AS GUEST COUNTRY

The Gelato World Cup, the only competition in the world that sees the world's best gelato masters up against each other; and the Juniores Pastry...

ITALIAN EXHIBITION GROUP (IEG), THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED INTERIM REPORT AS AT 31 MARCH 2025: ROBUST ORGANIC GROWTH AND ACCELERATION THROUGH ACQUISITIONS IN EXECUTION OF THE STRATEGIC PLAN

ITALIAN EXHIBITION GROUP (IEG), THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED INTERIM REPORT AS AT 31 MARCH 2025: ROBUST ORGANIC GROWTH AND ACCELERATION THROUGH ACQUISITIONS IN EXECUTION OF THE STRATEGIC PLAN

The Board of Directors of Italian Exhibition Group S.p.A. ("IEG"), Italy's leading trade show event organizer and listed on Euronext Milan, a...

More Releases From This Source

Explore

Banking & Financial Services

Banking & Financial Services

Travel

Travel

Food & Beverages

Food & Beverages

Publishing & Information Services

Publishing & Information Services

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.