Increase in turnover of 87.6 million euros.
RIMINI, ITALY – Italian Exhibition Group, the trade show and congress group based in Italy and with offices and events held on a global level, such as in Dubai, China, Brazil, Germany, Singapore and the United States, closes 2022 with an important financial statement. The group, which is listed on Euronext Milan, reports revenues of 161.9 million euros, an increase in turnover of 87.6 million euros. According to IEG CEO Corrado Peraboni, “A greater performance in terms of turnover compared to 2019, thanks to solid organic growth in all business lines.”
Main results for the 2022 financial year
In addition to revenues of 161.9 million euros, an increase of 59.4 million euros (+58.0%) compared to 31 December 2021, the Adjusted EBITDA amounted to 18.1 million euros, an improvement of 23.8 million euros. The EBITDA Margin returned to double-digit figures to stand at 11.2, better even than plan forecasts.
Excluding the Covid contribution and non-recurring revenues and expenses, Adjusted EBIT for the financial year 2022 amounted to 2.3 million euros, an improvement of 24.2 million euros. Revenues in the fourth quarter of 2022 stood at 55.8 million euros above the pre-Covid level.
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