Event management company Easyfairs has announced its results for the financial year 2022-23, which show further growth after the rebound from the pandemic.
Easyfairs 2022-23 revenues grew to €193.8m (USD $207.2m), an increase of 19% on the previous year. Recurring EBITDA hit €35.6 million, an increase of 25% in 2021-22. The results see Easyfairs moving up to number 11 in the Stax Top 20 ranking of world exhibition organisers by 2022 revenues.
Commenting on the results Easyfairs chief financial officer, Marc Hellemans, says, “We have more than weathered the storm of Covid-19. We have achieved more than 15% organic growth through a mix of volume recovery and launches.
“In March we fully refinanced all bank debt until the end of 2027, strengthening our liquidity position with pre-Covid terms, putting us in an excellent position to develop new and future activities.”
The results also underline how resilient the events industry has proved to be to the company. Easyfairs Group CEO Matt Benyon comments: “Our results were further strengthened by a 9% layer of revenues generated by events launched over the past two years. We also successfully enlarged our portfolio of trade shows with Coiltech, Kuteno and KPA, all of them perfectly aligned with the Easyfairs brand, and now the market is back stronger than ever.”
Easyfairs has also reported on the progress it is making on sustainability, with the aim of halving emissions by 2030 and becoming fully net zero by 2050. “We are currently finalising our second carbon footprint calculations and we can already see the impact of the measures we are taking in terms of energy, travel and accommodation, logistics, production and waste, and food waste,” Easyfairs Group CEO Anne Lafère, who shares responsibilities with Benyon, adds.
Benyon and Lafère underline the importance of talent to Easyfairs’ ongoing success, explaining that the last financial year also saw the company win a UFI HR Award for innovative recruitment and retention strategies. Furthermore, Easyfairs added Great Place to Work labels for their Switzerland and Germany branches.
