Connect with us

Hi, what are you looking for?

Trending news

267 MILLION EUROS IN 2027, IEG ANNOUNCES THE GROUP’S STRATEGIC PLAN

>

Rimini, Italy (ots/PRNewswire) – The Italy Abroad growth strategy positions the Group among the top global players in terms of profitability, revenues of +49.2% compared to 2019, expansion between Asia, South and North America.

A turnover of 267.2 million euros and an adjusted EBITDA that, according to the ambitions of IEG – Italian Exhibition Group, will increase from 13 million euros in 2022 to 69 million euros in 2027.

IEG’s 2022/2027 strategic plan foresees a strong development approach, with an upturn already in 2023/2024, based on a strong organizational spirit aiming to reach +49.2% compared to 2019.

Corrado Peraboni, CEO of IEG, the congress and exhibition company operating in Rimini, Vicenza, Milan, Arezzo and Rome, as well as internationally, explains, “The 2022-2027 strategic plan outlines the growth perspective with an Italy-abroad strategy aimed at positioning the Group among the top global players in terms of profitability and creating value for all stakeholders, and also accelerating internationalization in high-potential non-European markets.”It is expected that dividends will be paid again from 2024.

IEG aims to become the community catalyst for the industries it represents at its events. As part of this strategy, IEG will constantly monitor communities through organized trade shows, the integrated use of regional and international events that accompany the main event in Italy, and investments in the digitalization of processes.

IEG, which manages and develops events in China, Mexico, the United States and the United Arab Emirates, aims to accelerate internationalization in high-potential non-European markets. The group aims to multiply its top events in the most interesting areas for the different products and create offshoots. It has created a new Group company in Brazil, which is expected to organize at least five new events. The international reinforcement will also create new opportunities for domestic events.

As for conferences, IEG plans to focus on international events. The strategic guidelines of the Hosted Events Plan focus on retaining the client portfolio.

The 2022-2027 plan includes investments of 134.9 million euros, divided between maintenance, expansion and acquisitions, the latter involving Italy, Asia, North and South America.

Photo –
https://mma.prnewswire.com/media/1862182/Italian_Exhibition_Group_CEO
.jpg

Logo –
https://mma.prnewswire.com/media/723307/Italian_Exhibition_Group_Logo
.jpg

Italian Exhibition Group Press Contact:

Press Office Manager: Marco Forcellini, [email protected]

International Press Office Coordinator: Silvia Giorgi, [email protected], Tel. +39-0541-744814

OTS-ORIGINAL TEXT PRESS RELEASE UNDER EXCLUSIVE CONTENT RESPONSIBILITY OF THE SENDER. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH and the respective sender

The post 267 MILLION EURO IN 2027, IEG ANNOUNCES GROUP STRATEGIC PLAN appeared first on TOP News Austria – News from Austria and around the world.

Advertisement

You May Also Like

Health

BongaCams, the world’s most popular webcam site, has issued its first exclusive collection of NFTs!  The collection celebrates BongaCams’ 10th birthday coming up in...

Politics

Despite all the progress, prejudices and stereotypes are still strong in society. People often judge a person by his or her appearance, and if...

Politics

As a businessman, I am constantly in contact with friends and colleagues from across Europe. Business, of course, is global and economic integration is...

Trending news

Curb the attack! is the title of Brussels Ukraїna Review’s special issue about the threat of a full invasion of Ukraine by Russia. The...