Italian Exhibition Group (IEG) has followed up a 2018 financial year of double-digit increases, with more of the same for the first quarter of 2019.
In 2018, IEG held an overall total of 53 exhibitions organised or hosted and 181 conferences and events in its expo and conference facilities in Rimini and Vicenza.
IEG’s main economic indicators for the first quarter, to 31 March 2019, included €67.3m worth of revenue and €24.3m gross operating margin (respectively up 26.8% and 30.4% on the same period of the previous year). Net profit was €10.8m.
IEG’s is active on three continents and 14 countries, mainly in the food, tourism, circular economy and jewellery sectors.
IEG released a gross dividend of 18 euro cents per share.
The group said it had “positively integrated” the group’s activities, above all in the stand fitting sector, and companies acquired in 2018.
In March IEG was in Western China, in Chengdu, for CDEPE, the large environment expo and, in April, IEG faced the new challenge of the Shanghai World Travel Fair, one of Chinese tourism’s major events, co-organised by the Shanghai Municipal Administration of Culture & Tourism and Europe Asia Global Link Exhibitions (EAGLE) - the joint-venture established by IEG and VNU Exhibitions Asia.
Photo: Lorenzo Cagnoni President of Italian Exhibition Group and Ugo Ravanelli CEO of Italian Exhibition Group
