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International
Italian Exhibition Group SpA Approves 2017 Draft Financial Statement
3/26/2018
The Italian Exhibition Group SpA (IEG) board of directors has approved the 2017 draft financial statement 2017 and the consolidated statement.

IEG’s consolidated turnover, as of 31st December 2017 was 130.7 million euros (4.7% up on the 124.8 million of the IEG pro-forma1 turnover in 2016). The Gross Operating Margin (EBITDA2) as of 31st December 2017 was 23.2 million euros (an increase of 5.4% on the 22 mln of 2016). Consolidated net profit pertaining to IEG as of 31st December 2017 was 9.1 million euros (a 42.1% increase on the 6.4 mln of 2016).

As of 31st December 2017 the Net Financial Position of the group has a negative value of approximately 51.3 million euros, compared 40.5 in 2016. The growth of the debt burden, less than expected, was due to the policy of dividend distribution (over 10.5 million ordinary and extraordinary dividends in favour of shareholders during 2017) and 23.9 million euros of investments made. The turnover: debt level ratio is excellent, i.e. perfectly able to be faced.

In 2017, IEG hosted an overall total of 59 exhibitions, 280 conferences and events, 15,649 exhibitors and 2,648,675 visitors in its expo and conference facilities in Rimini and Vicenza.

These figures position IEG in second place among Italy’s trade fair centres for turnover and first as far as exhibitions organized directly and business profitability are concerned. This is an important result, with a higher turnover than IEG had indicated in the budget for 2017.

Profits also met the objectives and expectations for the distribution of dividends to Shareholders are being met: during today’s board meeting, IEG Board of Directors deliberated a proposal of an ordinary dividend of 18 euro cents per share (the same as distributed last year) for a total of 5.5 million euros, confirming the stability that Shareholders expected.

IEG management – supported by the excellent results of the first quarter of 2018 – is therefore confident that it will achieve the ambitious results forecast by the budget.


FOCUS ONITALIAN EXHIBITION GROUP SPA
Italian Exhibition Group SpA is Italy’s first trade fair organizer for profitability and expo portfolio (regarding the Food & Beverage, Green, Technology, Entertainment, Tourism, Transport, Wellness, Jewellery e Fashion, Lifestyle & Innovation trades). IEG is also Italy’s leader in the conference and congress sector. IEG works in a worldwide context on the internationalization of its Clients’ business, starting with a solid presence in the world with branches in the United Arab Emirates, Brazil, United States and China. www.iegexpo.it


Contact:
silvia.giorgi@iegexpo.it






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