Veronafiere: the first financial statements as a equity company Revenue of 79.8 million euros, EBITDA at 14.1%
Verona, 11rd May 2018 – The Veronafiere Spa Ordinary AGM held today approved the financial statements as of 31 December 2017. The parent company Veronafiere Spa posted revenues of 79.8 million euros, up by 1.9% over the previous year. EBITDA came to 11.2 million euros (14.1% on revenues) for a positive net result of 1.7 million euros, up by 54.5% compared to 2016.
The 2017 financial year involved direct management of 52 events in Italy and 16 abroad in 11 countries: United States, Canada, China, Hong Kong, Brazil, Russia, Japan, Morocco and other African countries.
In 2017, Veronafiere’s events attracted a total of 1,267,193 visitors, of whom 190,378 international; 13,898 exhibitors (2,574 international); 764,023 square meters of net show area sold.
“The positive results highlighted in these financial statements confirm the validity of the new approach to development, stimulated by the formal conversion into a joint-stock equity company in February last year,” said the President of Veronafiere Spa, Maurizio Danese. “The next step will be the approval by July of the business plan through to 2021 to ensure further impetus to Veronafiere SpA’s positioning among the main European exhibition players”.
“2017 was an important year as regards consolidation of our international network which supervises mature and emerging markets alike,” said the CEO of Veronafiere SpA, Giovanni Mantovani. “We inaugurated a sales office in Shanghai and through newco VPE we took a shareholding in Bellavita Expo, a company specialising in wine&food events abroad. We have also developed two new trade fairs in Brazil dedicated to wine and agriculture that will make their debuts this year”.