Veronafiere shareholders’ meeting unanimously approves 2025 financial statements
Today, the Shareholders’ Meeting of Veronafiere S.p.A. unanimously approved the company’s 2025 financial statements and acknowledged the Group’s consolidated financial statements. The year closed with positive results despite an exhibition calendar that did not include major biennial events such as Fieragricola and Progetto Fuoco.
At consolidated level, the Group recorded production value of €116.6 million, with EBITDA of €20.5 million, EBIT of €6.1 million, and net profit of €5 million. The comparison is with 2023, the most comparable year in terms of exhibition calendar, although it included the triennial Samoter exhibition: compared with that year, net profit increased by €1.2 million. Net financial position stood at €11.6 million, improving from €6.4 million in 2024 and from a net debt position of €17.9 million in 2023. The parent company, Veronafiere S.p.A., reported production value of €93 million, EBITDA of €16.9 million, and net profit of €6 million, with gross operating profit exceeding budget by €1.6 million.
The Group’s economic performance was also supported by its subsidiaries, operating in two strategic areas. The platforms in Brazil (Veronafiere do Brasil) and China (Veronafiere Asia Ltd) serve as vehicles for the international expansion of Veronafiere’s leading brands, particularly Vinitaly and Marmomac, in key markets for Italian products and international trade. Meanwhile, the companies specializing in exhibition services – Veronafiere Servizi, Eurotend, and Int.Ex, together with its U.S. subsidiary – strengthen the Group’s integrated offering through the design, construction, and rental of exhibition stands, temporary structures, and customized solutions.
In 2025, Veronafiere further consolidated its positioning as an “event factory.” The Group operates as both owner and organizer, going beyond simply hosting events by conceiving, developing, and managing them directly. Approximately 90% of its revenue derives from this business model, a distinctive feature within the Italian exhibition industry that enables long-term planning, targeted investments, and direct oversight of the value chains represented.
This strategy was reflected in the launch of seven new events during 2025, four in Verona and three abroad. At the Verona exhibition centre, first editions included SOLExpo, Vita in Campagna, Solar & Storage Live Italia, and the Italian leg of HYROX. Internationally, Marmomac Brazil debuted in São Paulo, alongside Modal Expo, also in Brazil, and a new edition of Vinitaly in India.
Overall, in 2025 Veronafiere organized 52 exhibitions and events, including 39 in Italy and 13 abroad, across six countries. The Verona exhibition centre welcomed 670,254 visitors and 10,580 exhibitors, covering a net exhibition area of 550,557 square metres. In addition, the Group’s congress business hosted 274 conferences, involving approximately 46,000 participants.
“The 2025 financial statements reflect performance consistent with the strong results achieved in 2024, confirming the effectiveness of an industrial model capable of generating both revenue and profitability,” commented Federico Bricolo, President of Veronafiere. “One of the most remarkable aspects of 2025 was the introduction of seven new events into our calendar, within a strategy that combines a strong presence in Italy with global expansion. This demonstrates our dynamic approach to portfolio development, built on listening to industry needs, analysing emerging trends, and positioning ourselves in market segments aligned with the evolving economy and society. These results are the outcome of the shared commitment of the Board of Directors, management, all the people across the Group and its subsidiaries, whose professionalism and dedication made them possible. Our objective remains to create lasting value for our shareholders, businesses, local communities, and the wider economic system, for which our exhibitions represent not only marketplaces but also platforms for vision, connections, and growth opportunities.”
Alongside the introduction of new events, the Group continued to enhance its established formats across Italy beyond the Verona exhibition centre, staging Vinitaly and the City in Sibari, SOL and the City in Catanzaro, and JOB&Orienta in Bari. For Veronafiere, growth also depends on replicating successful exhibition brands by adapting them to different contexts and the specific needs of local territories.
Internationally, the Group’s direct presence in the United States, Brazil, and China, supported by a network of 60 international representatives, continued to assist companies in expanding into high-potential markets while attracting international buyers to events held in Italy. Institutional partnerships with ITA – Italian Trade Agency, government ministries, embassies, and chambers of commerce were further strengthened as part of this internationalization strategy supporting Made in Italy.
2025 was also a significant year from a governance perspective. The Shareholders’ Meeting renewed the Board of Directors for the 2025-2028 term, confirming the current Chairmanship while appointing a substantially renewed board that, for the first time, has a female majority.
During the year, Veronafiere also reinforced its ESG strategy, integrating sustainability into decision-making processes at every organizational level through dedicated working groups. The Group renewed its ISO 50001 certification for energy management and obtained UNI/PdR 125:2022 certification for gender equality, reflecting internal policies focused on equality, inclusion, respect, empowerment, and employee wellbeing.
The new Company Collective Agreement was also signed, introducing a range of concrete measures to strengthen corporate welfare, promote work-life balance, and enhance employees’ skills and professional development.
SHAREHOLDING STRUCTURE OF VERONAFIERE S.P.A.
Municipality of Verona (39.483%), Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona (24.078%), Verona Chamber of Commerce (14.364%), Banco BPM S.p.A. (7.0094%), Generali Italia S.p.A. (6.0106%), Veneto Agency for Innovation in the Primary Sector (5.4920%), Province of Verona (1.4019%), Intesa Sanpaolo S.p.A. (1.3541%), Banca Veronese Credito Cooperativo di Concamarise (0.6179%), Immobiliare Magazzini S.r.l. (0.1883%).