Italian Exhibition Group increases revenues and margins in the first quarter
The group closes with revenue of 105 million. The trade fairs and services business did well, offsetting the decline in the conference sector
by R.I.T.
Numbers are on the rise for the Italian Exhibition Group (IEG) in the first three months of the year: the group (which includes the Rimini and Vicenza trade fairs) closed the first quarter with Euro 105 million in revenues, an increase of Euro 2.2 million compared to the same period of 2025.
The growth in turnover was driven by the organised events business line, 'thanks to the organic development of the products in the portfolio, which generated a contribution of around EUR 4.3 million, offsetting a less favourable quarter in the conference segment, characterised by a lower occupancy rate of conference rooms,' the group specified in a note. The positive trend in the organised events business was also reflected in the related services line, which recorded an increase in turnover of just over EUR 1.2 million.
Adjusted Ebitda amounted to EUR 39.5 million, an improvement of EUR 1.4 million, and was equal to 37.6% of revenue, an improvement of 0.5% compared to 31 March 2025, 'due to the greater contribution, in the composition of consolidated revenue, of the organised events business'. Adjusted Ebit amounted to EUR 33.8 million, an increase of EUR 500,000. Profit was 22.8 million, compared to 21.5 million as of 31 March 2025, while the net financial position was 89.2 million, down by 1.2 million.
The cash component improved by EUR 9.3 million supported by an improved working capital performance compared to Q1 2025 and despite the absorption of EUR 14.9 million for capital expenditure and acquisitions, while the non-cash component committed resources of EUR 8.3 million due to the signing of new lease agreements and the recognition of a new put option.
"The results of the first quarter show significant growth in our core business of organised events, sustained by the good trend in volumes and a positive trend in activities related to exhibitions," commented Corrado Peraboni, CEO of Ieg. "The performance recorded in the period confirms the solidity of the Group's positioning and its ability to intercept a constantly evolving demand. In the quarter, the scheduling of some congresses determined their different contribution during the year, without changing the overall expectations on the annual business trend".
