Tuesday, 20 December 2022
ITALIAN EXHIBITION GROUP: FOCUS ON
For over 70 years Italian Exhibition Group has been organising trade shows, events and congresses in Italy and around the world. Its mission is to offer its national and international Partners concrete business opportunities, high added value content and services and opportunities to meet. Modern facilities, high-quality work, innovation and networking capacity are the guiding assets of IEG´s activities, a player with a European profile. The result is the creation of value for the stakeholders through the economic growth of the areas concerned by networking relations and experience.IEG is a listed company
Italian Exhibition Group S.p.A. has been listed on Euronext Milan since 19th June 2019. IEG has six lines of business (organised events; conference events; hosted events; related services; publishing; sports events).
At its exhibition and congress venues in Rimini and Vicenza, IEG organises about fifty proprietary or hosted trade shows and about 200 congress events.
The IEG Group oversees the entire value chain of events organised in six exhibition areas: Food & Beverage, Jewellery & Fashion, Wellness & Sports, Tourism & Hospitality, Lifestyle & Entertainment and Green & Technology.www.iegexpo.it Governance
IEG is led by a Board of Directors chaired by Lorenzo Cagnoni. The Chief Executive Officer is Corrado Peraboni. The other directors are Alessandra Bianchi (independent), Daniela Della Rosa (lead independent director), Maurizio Renzo Ermeti, Gianluca Brasini (independent), Andrea Pellizzari (independent), Valentina Ridolfi (independent) and Simona Sandrini (independent).https://www.iegexpo.it/it/corporate-governance/organi-socialiBrief overview of the Group´s companies included in the reporting scope
Italian Exhibition Group S.p.A. is the Parent Company generated from the transfer of the business managed by Fiera di Vicenza S.p.A. to Rimini Fiera S.p.A.;
Summertrade S.r.l.: operates in the catering and banqueting field at both the Rimini and Vicenza Expo Centres and at the Palacongressi and Vicenza Congress Centres, for which it is the sole provider of this service, and at other points of sale, restaurants and company canteens;
FB International Inc.: operates in the trade show set-up field in North America;
Italian Exhibition Group USA Inc.: holding company of FB International Inc;
Prime Servizi S.r.l.: operates in the supply of cleaning and porterage services;
Pro.Stand S.r.l.: operates in the supply of stand fittings and integrated solutions to support trade show and congress events for the national and international market;
Pro.Stand Exhibition Services S.r.l.: operates in the field of trade show set-ups;
Fieravicola S.r.l.: directly controlled by the parent company, it operates in the organisation of the Fieravicola trade show, one of the largest B2B events in the sector;
HBG Events FZ LLC, acquired on 28th October 2020, is based in the United Arab Emirates and is responsible for the organisation of two events, ´Dubai Muscle Show´ and ´Dubai Active´.Financial statement figures
The latest financial statement figures for Italian Exhibition Group were registered in the interim report at 30th September 2022. Revenues amounted to Euro 106.1 million (Euro 42.5 million in the same period of 2021), Adjusted EBITDA stood at Euro 6.9 million (+Euro 19 million compared to 2021), EBITDA was Euro 4.6 million, an increase of Euro 7.1 million compared to the same period in the previous year when the Group recorded a negative gross operating margin of Euro 2.4 million. The net result stood at -€8.9 million (-€19.1 million at 30th September 2021).
As far as the congress business is concerned, revenues amounted to EUR 9 million at 30th September 2022, +EUR 5.7 million compared to the first nine months of 2021.https://www.iegexpo.it/it/investor-relations/bilanci-e-relazioniINTERNATIONALIZATION
With its proprietary events, incoming buyer and outgoing company platforms, subsidiaries and joint-ventures, IEG has developed a global network that attracts, supports and promotes the Group´s reference industries, which are among the most representative of the country´s industrial base.
The international development programme is 4x4 Business and is implemented in four continents with exhibition platforms powered by leading products operating in areas of high potential growth.
IEG has developed activities - also through joint ventures with global or local organisers, for example, in the United States, United Arab Emirates, China, Mexico, Germany, Singapore, and Brazil - that have positioned it among the top European operators in the sector.https://www.iegexpo.it/it/worldwideRIMINI: THE EXPO CENTRE AND PALACONGRESSI CONGRESS CENTRE
Completed in 2001 and extended in 2017, Rimini Expo Centre is one of the largest exhibition facilities in Italy. Structured on a single level, it has 189,000 square metres of usable space, of which 129,000 square metres is for exhibitions and 60,000 square metres for services. It is equipped with 24 modular conference halls, an internal railway station, 11,000 parking spaces, as well as three press rooms, a business centre and restaurant/catering facilities. The new Palacongressi congress centre, again designed by GMP in Hamburg, was inaugurated in 2011. It covers a total area of 38,000 square metres, has 39 halls with a total seating capacity of 9,000, service and catering areas and 500 underground parking spaces. https://www.iegexpo.it/it/venues/riminihttps://www.riminipalacongressi.it/VICENZA: THE EXPO AND CONVENTION CENTRES
The Vicenza Exhibition Centre, which has benefited from major redevelopment and expansion since 2014, covers 80,000 square metres of usable space. It has a raised area with food court and conference rooms, several service areas for exhibitors and visitors, refreshment corners, a press room and meeting rooms. It is equipped with an 8-level, multi-storey car park for 600 vehicles. The ViCC, Vicenza Convention Centre (opened in 2014), can accommodate 1,200 people and includes the Palladio Theatre with more than 700 seats. It consists of a modular area with three permanent halls and specific zones for receiving the public and staging events.https://www.iegexpo.it/it/venues/vicenzahttps://www.vicenzaconventioncentre.it/Green fair
Italian Exhibition Group has added ISO 20121 certification to its abundant list of environmental firsts. The certification regards Rimini Expo Centre, Vicenza Expo Centre and the Ecomondo event. In 2023, Rimini´s Palacongressi will also be certified.
ISO 20121 certifies an activity designed and carried out with respect for economic, social and environmental aspects. It involves taking a long-term and balanced approach in exercising economic activities, environmental responsibility and generating social progress.
Best practices introduced in recent months include the removal of carpeting from the aisles inside the halls (where the layout makes it possible), with an environmental saving of over 140 tons of carpeting per year; the collection and recovery of cigarette butts; further electric car recharging stations; easy access for the disabled; an increase in installed photovoltaic power; involvement of all local stakeholders.
Italian Exhibition Group embarked on its environmental sustainability path on the day the new exhibition centre was inaugurated in 2001.
Starting with the prestigious international European Landscape Contractors Association (ECLA - Nuremburg) award for Green Building, IEG has also obtained ISO 14001 Environment certification, ISO 450001 occupational health and safety certification and GBAC Star Global Biorisk Advisory Council certification.
The Expo Centre features 1,500 plants irrigated by surface water, the light in the halls is supported by 850 LED projectors that save 120 tons of Co2 emissions and 360,000 Kwh per year. Photovoltaic systems guarantee the production of 8.5 million Kwh of clean energy, enough to make all IEG´s Italian premises self-sufficient. Water recovery saves 23 million litres, all fountains run on recirculated water. The underground ice bank contributes to cooling the air, halving consumption. The indoor railway station is used by 20 per cent of visitors and reduces traffic flows; there are currently 7 electric recharging stations for cars and motorbikes.The industrial plan and investments
Italian Exhibition Group´s development is outlined in its Strategic Plan 2022-2027, summarised by the claim ÔCommunity Catalyst´, which defines the company´s growth perspective.
Progression envisages reaching a turnover of 267.2 million in 2027, exceeding that of pre-pandemic year 2019 already in 2023.
Major investments are also planned in terms of structure.https://www.iegexpo.it/images/IEG_STRATEGIC_PLAN_2022_2027_SITO_2.pdf