(Italian Exhibition Group President Lorenzo Cagnoni, left, and CEO Ugo Ravanelli)
Italian Exhibition Group (IEG) is reporting growth in every sector for the first quarter ending March 31, with rises on 2017 confirmed recently by the 2018 financial statement figures.
The double-digit growth shows 10.8 million euros net profit (+17.9 percent), over 159.7 million euros of consolidated turnover (+22.7 percent), a gross operating margin (EBITDA) that reached 30.8 million euros (+32.6 percent) and a gross dividend of 18 euro cents per share.
Following up on this growth, IEG ended the first quarter with a rise in all economic indicators: 67.3 million euros revenue and 24.3 million EBITDA, an increase of 26.8 percent and 30.4 percent, respectively, on the same period of the previous year. The aforementioned EBITDA does not take into consideration the positive effects due to the application of the new IFRS 16 Leasings accounting principle.
In 2019, Italian Exhibition Group’s international business is traveling the world, crossing three continents and 14 countries.
The first stop, in March, was in Western China, in Chengdu, for CDEPE the large environment expo, thanks to the expertise of Ecomondo, the sector’s leader in Europe. In April on the other hand, IEG faced the new challenge of the Shanghai World Travel Fair, one of Chinese tourism’s major events, co-organized by the Shanghai Municipal Administration of Culture & Tourism and Europe Asia Global Link Exhibitions (EAGLE)—the joint-venture established by Italian Exhibition Group and VNU Exhibitions Asia.
At the beginning of autumn, the group will again fly to Asia, once more to Chengdu, for the travel trade market that addresses the inbound and outbound Chinese tourism sector.
Precisely in this month of May, promotion is continuing for the artisan gelato supply chain, a chain in which IEG is the absolute leader, thanks to SIGEP, with Gelato Festival: along with Carpigiani Gelato University, SIGEP will visit Barcelona, Okinawa, Berlin, Boston, Warsaw, Vienna Baden, London, Chicago, Yokohama GWT, Washington DC and West Hollywood Los Angeles.
With the Vicenzaoro project, after a first date in March at T-Gold International + Mets in Hong Kong, Las Vegas will host the launch for IEG of PREMIER from May 31-June 3. The new event is exclusively dedicated to Italian Jewellery, and its participation in the great COUTURE Designer Fine Jewellery Trade Las Vegas. For both events, Italian Exhibition Group has signed an agreement with American trade fair giant Emerald LLC. Then, in August, IEG will be in Mumbai, India, with T-Gold International, and in the United Arab Emirates in November with VOD Dubai International Jewellery Show.
Italian Exhibition Group (IEG) is the Italian leader in the organization of expos and one of the main players in Europe in the expo and conference sector, with its venues in Rimini and Vicenza. The IEG Group stands out for the organization of events in five categories: Food & Beverage; Jewellery & Fashion; Tourism, Hospitality & Lifestyle; Wellness and Leisure; Green & Technology. In recent years, IEG has launched an important process of foreign expansion, also by means of joint ventures inked with local players in the United States, Arab Emirates and China. In 2018, IEG held an overall total of 53 exhibitions organized or hosted and 181 conferences and events in its expo and conference facilities in Rimini and Vicenza. For more info, visit www.iegexpo.it.