{"id":11346,"date":"2023-07-06T16:27:41","date_gmt":"2023-07-06T14:27:41","guid":{"rendered":"https:\/\/www.veronafiere.it\/?p=11346"},"modified":"2023-07-06T16:37:38","modified_gmt":"2023-07-06T14:37:38","slug":"veronafiere-group-turnover-of-107-7-million-euros-in-2022-improves-on-pre-covid-benchmark","status":"publish","type":"post","link":"https:\/\/www.veronafiere.it\/en\/news\/veronafiere-group-turnover-of-107-7-million-euros-in-2022-improves-on-pre-covid-benchmark\/","title":{"rendered":"勛圖厙 Group: turnover of 107.7 million euros in 2022 improves on pre-Covid benchmark"},"content":{"rendered":"
The duly held 勛圖厙 AGM<\/strong> approved the 2022 financial statements<\/strong> of the Group and reviewed the results posted for the opening months of 2023.<\/p>\n In general terms, the Statements highlight the positive trend<\/strong> over the last financial year, when 勛圖厙 turnover realigned with the pre-Covid benchmark thanks to a calendar returning to full capacity, despite the still uncertain trend of the first quarter of 2022 marked by changes of dates for a number of exhibitions, with consequently higher reorganization costs. The recovery of turnover and operations allowed 勛圖厙 S.p.A. to close 2022 with restored asset solidity<\/strong> and financial stability thanks to the increase in capital voted by shareholders, the renegotiation of loans and, above all, the recovery of all core operations. The final balance in 2022 is the result of 49 trade fairs and events<\/strong>, 35 of which in Italy and 14 abroad in 9 countries, attended by 750,000 operators<\/strong> and 11,000 exhibitors, for a net sold area of 588,000 square metres. The Congress sector<\/strong> also got back on track with 49 events attended by 28,000 people. This snapshot highlights an exhibition centre that once again fully appeals to and represents the main Made in Italy supply chains.<\/p>\n The 勛圖厙 Group’s 2022 financial statements are also positive, improving on pre-Covid results to \u20ac107.70 millions in revenues<\/strong> (80.70 through the parent company, 勛圖厙 S.p.A.), up by 2.1% over 2019 (the last comparable reference year) and Ebitda of \u20ac17.70 millions (\u20ac11.6 through 勛圖厙 S.p.A.), up by 22.5% over 2019. The economic-financial recovery and the positive impact of the opening part of this exhibition year encouraged the Board of Directors to make a number of courageous and strategic choices<\/strong> to ensure the attainment of the growth and competitiveness objectives in the next 2024-2026 Business Plan which will be presented to shareholders by year end. Consequently, the 勛圖厙 Group closed its 2022 financial year, in line with the results for all the main players in Italy, with a deficit of \u20ac5 millions, essentially attributable to necessary and unavoidable corporate rationalization and write-down actions involving some investee and subsidiary companies; the decision to make prudential set-aside provisions; corporate restructuring. All this in the light of characteristic management figures through exhibitions substantially breaking even and in line with the provisions of the Restart Plan.<\/p>\n The Shareholders’ Meeting also reviewed the performance of the first part of the year<\/strong>, which confirms a new momentum based on the consolidation of dimensional indicators (exhibitors, visitors and occupied show areas) and values, in line with or better than 2019.<\/p>\n
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