Italian Exhibition Group (IEG) has posted some strong growth results for the period up to 30 September 2018, including revenues up from €91.7m euros to €111.8m.
EBITDA was up to €22.3m from €16.5m for the year.
Any comparison with the figures of the previous year, however, needs to take into consideration some changes in the corporate structure (in March 2018, FB International Inc. became part of the IEG group, as did Prostand and Colorcom from September 2018, all companies trading in the stand fitting sector) and the absence, in 2018, of two important expos which were held in the first half of 2017 (A.B. Tech Expo in Rimini, held every three years, and Koinè in Vicenza, held every two) as well as the presence in the third quarter of 2018 of the biennial Tecnargilla expo.
On the basis of the results achieved and forecasts for coming weeks, IEG management confirmed its forecast of fully achieving the growth and profitability targets foreseen by the budget of the current year.
IEG has venues in Rimini and Vicenza and the group organises events in five main categories: Food & Beverage; Jewellery & Fashion; Tourism, Hospitality & Lifestyle; Wellness & Leisure; Green & Technology.
IEG has launched an international expansion in recent years, including using joint ventures in the United States, Arab Emirates and China.
In 2017 IEG hosted 50 expos and 206 conferences in its venues in Rimini and Vicenza. www.iegexpo.it
