Recovery: Solid performances and strong impro...

Solid performances and strong improvement

Photo: Fiera Milano

The board of directors of Fiera Milano S.p.A., leader in Italy and one of the main integrated operators worldwide in the exhibition and congress industry, has approved the results as of 30 September 2022. In the first nine months of 2022, consolidated revenues amounted to EUR 161.7 million, an increase of EUR 121.8 million compared with the first nine months of 2021.

„Business continuity allows us to lay solid foundations for the future“
Luca Palermo, CEO and GM of Fiera Milano
In the quarter, consolidated revenues equal to EUR 45.5 million recorded an increase of EUR 10.2 million compared with the third quarter of 2021. In the three months of July, August and September, 17 trade fairs were held which occupied a total of 318,820 square meters of exhibition space compared with 263,595 square meters in the third quarter of 2021. Luca Palermo, chief executive officer and general manager of Fiera Milano, commented: "The excellent results achieved in the first nine months of 2022 represent an important sign of the well established recovery after the difficult years of the pandemic. Business continuity, unlike what happened in 2021, allows us to lay solid foundations for the future, starting from 2023 which presents itself with a rich calendar full of trade fairs." In the third quarter, the revenues of the Italian exhibition business amounted to EUR 32.3 million, recording an increase of EUR 4.9 million compared with 2021. During the quarter, 10 exhibitions were held, starting with the 35th edition of Milano Unica, the reference fair for the textile industry which confirmed a strong recovery scenario with 445 exhibitors and 4,052 participating companies. Following this, in September, Fiera Milano hosted the 50th edition of Gastech, the largest international event in the world dedicated to the energy industry, which was held in Milan for the first time. The event notched up a record attendance with 39,467 industry professionals, 300 CEOs and opinion leaders and 750 exhibiting companies.