Wednesday, 26 February 2020
COVID-19: ITALIAN EXHIBITION GROUP SPA POSTPONES ITS SHOWS PROGRAMMED FOR MARCH AND SETS THE NEW DATES
An event re-protection plan, in accordance with the organizers, has also been activated
Rimini/Vicenza 26th February 2020 – At a meeting yesterday, Tuesday, 25th February, the Italian Exhibition Group Board of Directors, in light of the critical international situation caused by the COVID-19 emergency, has decided to postpone the shows that were programmed in the coming month of March: MIR TECH Live Entertainment Expo, ENADA SPRING the International Amusement and Gaming Show, the accompanying RIMINI AMUSEMENT SHOW and the spring edition of ABILMENTE VICENZA the Creative Idea Show. The first three were scheduled to be held at Rimini Expo Centre, while ABILMENTE was set to run at Vicenza Expo Centre.
The new dates have already been set in consideration of the market needs of the three shows and in accordance with the international events. ENADA PRIMAVERA, together with RIMINI AMUSEMENT SHOW, will be re-scheduled to run from 21st to 23rd April 2020. ABILMENTE VICENZA will be postponed until 21st to 24th May 2020. The new dates for MIR TECH will be announced shortly after further consultation with the sector´s economic and associative references, and also in consideration of the international calendars.
IEG has taken this decision – which involves extraordinarily complex organization - in total responsibility, in respect of the complicated international scenario and with the conviction that its various public – exhibitors, buyers, visitors and media – will fully understand.
Similarly, on the congress front, IEG is already in talks with the organizers of the congresses programmed for March in Rimini and Vicenza in order to find opportunities to re-protect the events during the coming months.
FOCUS ON ITALIAN EXHIBITION GROUP SPA
Italian Exhibition Group (IEG), listed on the Milan Stock Exchange organized and managed by Borsa Italiana S.p.A. (Italy´s stock exchange), is the Italian leader in the organization of trade expos and one of the main players in Europe in the expo and conference sector, with its venues in Rimini and Vicenza. The IEG Group stands out for the organization of events in five categories: Food & Beverage; Jewellery & Fashion; Tourism, Hospitality & Lifestyle; Wellness, Sports and Leisure; Green & Technology. In recent years, IEG has launched an important process of foreign expansion, also by means of joint ventures inked with local players (e.g. in the United States, Arab Emirates and China). IEG ended the 2018 financial year with a total consolidated turnover of 159.7 million euros, an EBITDA of 30.8 million and a net consolidated profit of 10.8 million euros. In 2018, IEG held an overall total of 53 exhibitions organized or hosted and 181 conferences events in its Rimini and Vicenza expo and conference venues. www.iegexpo.it
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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.