Italian Exhibition Group, first quarter 2022 exceeds expectations

Italian Exhibition Group, first quarter 2022 exceeds expectations

January’s pandemic peak did not stop the exhibition and congress Group

IEG – Italian Exhibition Group,a company listed on Euronext Milan, closed the first three months of 2022 brilliantly. Just recently, in fact, IEG’s Board of Directors approved an interim management report at 31st March 2022 that exceeded expectations. Revenues amounted to EUR 38 million, an increase of EUR 35.6 million compared to the first quarter of 2021 during which events had only taken place in digital format due to the pandemic.

According to Corrado Peraboni, CEO of IEG: “The participation recorded during the events of this first quarter and the results achieved, both in terms of volume and in maintaining the pricing applied, suggest that we can put the darkest period of this pandemic, which dealt a severe blow to trade shows all over the world, behind us. In March, we organized international trade fairs of primary importance for the Group, such as Vicenzaoro and Sigep, standard-bearers of Made in Italy in the world for jewelry and food respectively. The figures show that we were able to look beyond in order to achieve our objectives and further growth.”

The Group’s EBITDAequal to EUR 7.0 million, is also on the rise: + EUR 14.2 million compared to the same quarter in 2021 when it recorded a loss of EUR 7.2 million.

“The coming months,” Peraboni adds, “will see the successive staging of every event in IEG’s portfolio, including the biennial events, and this is yet another good sign.” Upcoming events include RiminiWellness, TTG Travel Experience and Ecomondo.

The congress area also performed well: in the first quarter of 2022, 12 congresses were held at the two venues of Rimini’s Palacongressi and the Vicenza Convention Centre, generating joint revenues of 1.5 million euros and showing a recovery of 1.3 million euros compared to the same period in 2021.

Related Articles

Sigep China, First appointment with Koelnmesse in Shenzhen 2023

• The first step of the agreement between Italian Exhibition Group (IEG) and Koelnmesse was presented today at a press conference at Sigep in Rimini• Speeches by IEG CEO Corrado Peraboni and Gerald Böse, President and CEO of Koelnmesse GmbH• The gelato, pastry, bakery and coffee show will take the best of dolce foodservice to...

Horeca training at work

2022 WILL BE YOUR YEAR, BARTENDERS HOW TO BECAME BARTENDER IN A FEW MONTHS WITH CONCRETE CAREER PROSPECTS AND A MONEY-BACK GUARANTEE Bartenders, chefs and waiters: all these professionals went through a real struggle during the pandemic. Mass layoffs, abuse of state aids, lockdowns and any kind of limitations: all these things affected business, especially...

X-OVEN charcoal oven to the conquest of Hong Kong

As a world business capital, for years Hong Kong has acted as an ideal showcase for western operators wishing to enter Asian markets. This extremely lively city, very keen on emerging trends, is the chosen location of a unique restaurant business that was set up in 2012, the Black Sheep Restaurants. Under the guidance of...