The board of directors of Italian Exhibition Group S.p.A. (IEG), an Italy-based organiser of international trade fairs, has finalised the organisation’s 2023-2028 strategic plan.
The 2023-2028 strategic plan has been updated to consider the results achieved by the IEG Group during the 2022 and 2023 financial years, in which it exceeded the objectives defined in the post-pandemic 2022-2027 plan.
Corrado Peraboni, CEO of Italian Exhibition Group, says: “On the strength of the results achieved in 2023, which exceeded the targets set out in the 2022-2027 plan, we are presenting a strategic plan with even more ambitious objectives.
“Our plan fits into a favourable scenario for the trade fair market which, after the uncertainties linked to the pandemic, has resumed growing at a faster rate than in the past thanks to a renewed desire for aggregation and sharing.”
According to IEG, the 2023-2028 development guidelines aim to accelerate organic portfolio growth through an investment plan that consolidates the organisation’s role in the national and international exhibition scene, while creating value.
Run the numbers
The growth targets presented in the plan are based on pre-closing results for the financial year 2023. These show a strong growth in consolidated revenue expected to be around €210m ($228m) – a 16% increase compared to the 2022-2027 plan target, and an Adjusted EBITDA of €49m – a 29% increase compared to the 2022- 2027 plan target.
The Net Financial Position is expected to stand at around €72m, an improvement of €23m compared to €94.8m at 31 December 2022.