The Board of Directors of Italian Exhibition Group (IEG) has announced a 97.8% leap in profits – to €40.7m – for its consolidated financial statements as at 31 December 2024.
The results, the company said, make IEG the most profitable Italian trade show company in 2024.
Turnover also increased considerably: €250m (+ €37.6m compared to 2023)
The Board resolved to distribute a €6.2m dividend to shareholders – €2m up on the original plan.
In 2024, IEG said it had made investments of €34.1m and 10 new events were acquired, developed or created from scratch between Rimini, Vicenza and the rest of the world (examples include: Venditalia at Rimini Expo Centre, Vicenza Classic Car at Vicenza Expo Centre, Riyadh Muscle Show in the Arab Emirates).
The Board also noted 15% of IEG’s turnover was produced on international markets.
The Board also said it had co-opted Meris Montemaggi as a new board member.
Corrado Arturo Peraboni (pictured), CEO of IEG Group, said of the results: “The solidity of our business model has been confirmed by the exceptional results of 2024 in which we were also able to grow organically, especially in terms of core exhibition products in our portfolio, such as KEY, Vicenzaoro, Sigep, RiminiWellness, Ecomondo and TTG. The investment plan to support the growth envisaged in the Strategic Plan 2023-2028 is proceeding as per schedule at Vicenza Expo Centre. In the meantime, the installation of two temporary halls was completed in October, which will enhance Rimini Expo Centre until further future expansion.”
- Look out for the April edition of Exhibition World magazine which carries an exclusive interview with IEG’s CEO Middle East and Arabia, Francesco Santa.
