The Italian Exhibition Group Board of Directors has reportedly approved the Half-Year report with a total of consolidated revenues of 72.7 million Euro and a net financial position of 117.3 million Euro. The results of the financial report are said to have exceeded IEG’s expectations.
CEO Corrado Peraboni said: “The result confirms that the trade show and congress group is moving towards pre-pandemic levels”. According to a press release, the turnover represents an increase of 65.6 million euros compared to the first half of 2021. This is due to holding events of primary importance for the group, such as Vicenzaoro January, in conjunction with T Gold, Sigep and Rimini Wellness, which also had a positive impact on Related Services.
In the first half of 2022, 51 congresses were held at the two venues of Rimini’s Palacongressi and Vicenza Convention Centre with revenues of Euro 5.58 million: a recovery of Euro 5.5 million compared to the same period in 2021.
In addition to approving the financial report, the Board of Directors co-opted Gian Luca Brasini as a new member of the Board. Due to passion and professional training, Brasini, born in 1968, with a degree in economics and commerce, has lived for sport, one of the pillars of IEG's strategic plan presented about a month ago. He is currently a top manager at Maggioli Spa, Italy's leading global provider of application services and publishing solutions to local P.A., and marketing supervisor at EHF Marketing GmbH, a company set up to manage the marketing rights of handball’s Champion's League which is part of the Vienna-based EHF (European Handball Federation).