267 Million Euros in 2027, IEG Announces the Group's Strategic Plan

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International
267 Million Euros in 2027, IEG Announces the Group's Strategic Plan

7/19/2022
RIMINI, ITALY - A turnover of €267.2 million and an adjusted EBITDA1 which, in the ambitions of IEG - Italian Exhibition Group, will go from €13 million in 2022 to €69 million in 2027.

IEG's 2022/2027 Strategic Plan consists of a strong approach to development, with recovery as early as 2023/2024, based on a distinctly organisational spirit that aims to reach +49.2% compared to 2019.

According to Corrado Peraboni CEO of IEG, the congress and exhibition joint-stock company that operates in Rimini, Vicenza, Milan, Arezzo and Rome, as well as internationally – “The 2022-2027 Strategic Plan outlines the growth perspective with an Italy - Foreign strategy that aims to position the Group among the top global players in terms of profitability, generating value for all stakeholders, and also looks to accelerate internationalisation in high-potential, non-European markets”. Dividends are expected to be distributed again as of 2024.

IEG has set itself the target of becoming the community catalyst for the industries it represents at its events. In this strategy, IEG’s constant monitoring of the communities will occur through organised trade shows, the integrated use of regional and international events that accompany the main event held in Italy as well as through investments to make processes digital.

IEG, which oversees and develops events in China, Mexico, the United States and the United Arab Emirates, is looking to accelerate internationalisation in high-potential, non-European markets. The Group aspires to duplicate and create spin-offs of its top events in the most interesting areas for the various products. It has set up a new Group company in Brazil with the intention of organising at least five new events. International reinforcement will also generate new opportunities for domestic events.

In terms of conferences, IEG plans to focus on international events. For hosted events, the strategic guidelines of the Plan centre on customer portfolio loyalty.

The 2022-2027 Plan envisages investments of Euro 134.9 million divided between maintenance, expansion and acquisitions, the latter concerning Italy, Asia, North America and South America.

FOCUS ON ITALIAN EXHIBITION GROUP
Italian Exhibition Group S.p.A., a joint stock company listed on Euronext Milan, a regulated market organised and managed by Borsa Italiana S.p.A., has, with its facilities in Rimini and Vicenza, achieved national leadership over the years in the organisation of trade shows and conferences. The development of activities abroad - also through joint-ventures with global or local organisers, in the United States, United Arab Emirates, China, Mexico, Brazil and India, for example - now sees the company positioned among the top European operators in the sector. www.iegexpo.it

This press release contains forecast elements and estimates that reflect the management’s current opinions (“forward-looking statements”), particularly regarding future management performance, realization of investments, cash flow trends and the evolution of the financial structure. For their very nature, forward-looking statements have a component of risk and uncertainty, as they depend on the occurrence of future events. The effective results may differ (even significantly) from those announced, due to numerous factors, including, only by way of example: food service market and tourist flow trends in Italy, gold and jewellery market trends, green economy market trends; the evolution of raw material prices; general macroeconomic conditions; geopolitical factors and evolutions in the legislative framework. Moreover, the information contained in this release does not claim to be complete, and has not been verified by independent third parties. Forecasts, estimates and objectives contained herein are based on the information available to the Company as at the date of this release.

1 EBITDA is the operating result before depreciation and amortisation. EBITDA is a measure defined and used by the Group to monitor and evaluate the Group's operating performance although it is not defined within the bounds of the IFRS. Therefore, it should not be considered as an alternative measure for assessing the Group's operative result. The Company believes that EBITDA is an important parameter for measuring the Group's performance as it allows the Group's margins to be analysed, eliminating the effects of non-recurring economic elements. Since EBITDA is not a measure whose determination is regulated by the accounting standards of reference for the preparation of the Group's consolidated financial statements, the criterion applied to determine EBITDA may not be homogenous with that adopted by other groups, and therefore may not be comparable.

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