2019 has been another year of growth and important development and the positive results of recent years continue:
Revenues of over 184 million, +7.5% compared with 2018 and + 46% compared with 2017
Revenues forecast to pass 200 million in 2020
The plan involving investment of 138 million continues to progress with construction starting on pavilion 37 in area 48
Today the Board of Directors of BolognaFiere examined the provisional consolidated results for 2019 that demonstrated substantial growth concerning all of the main indicators and confirm the efficacy of the Group’s strategy of investing in the territory and international expansion.
End of year revenues for 2019 are forecast to reach around 184 million, continuing to grow from the 2018 figure of 170.8 million euros (+7.5%) and a notable increase on the 126 million (+46%) euros generated 2017, which is the appropriate year for comparisons given the calendar of biennial events.
The share of revenues generated abroad in 2019 confirms BolognaFiere’s position as the leading Italian Group in terms of revenues deriving from international markets with events in Europe, Russia, Asia and North America.
The results, achieved thanks to the positive contribution from all of the companies of the Group bring EBITDA (gross operating profits) expected for 2019 to 32.5 million euros (almost 18% of revenues), emphasising the high levels of profitability of BolognaFiere’s activities.
The board also examined the forecast for 2020 that predicts that the Group’s consolidated revenues will rise above the threshold of 200 million euros for the first time, with further increases in EBITDA expected as this reaches a figure of around 39 million euros.
Concerning the financial and equity profile, the projection for the end of 2019 of the BolognaFiere Group’s net financial position is estimated at around 50.9 million euros with investments carried out during the last two years that have brought the overall fixed assets to 365 million euros. In 2020 the Group’s net financial position is estimated to reach around 78 million euros with overall fixed assets rising to almost 400 million euros.
“2019 has been further underlined as a year of substantial growth for the Group that, thanks to these solid foundations, is headed for further development in 2020, a year in which it is expected that BolognaFiere will exceed revenues of 200 million euros, well in advance of the planned timeframe of 2024,” explained Gianpiero Calzolari, President of BolognaFiere. “Today BolognaFiere is an international Group with deep roots in the Bologna area. Solid and with significant prospects for the future, balanced and diversified, the Group has acquired an important position within the Italian panorama and recognised leadership around the world thanks to Cosmoprof. BolognaFiere is ready to face the new global challenges and the new cycle of growth and development.”
The year 2019 saw the continuation of the strategy to develop the Exhibition Centre in Bologna with an overall investment plan of 138 million euros for the extension, repurposing and innovation of the infrastructure that aims to arrive at a total of 300,000 square metres of exhibition space by 2024 of which 40% of the exhibition space will be completely renovated.
Over the course of the year work began to create the new Pavilion 37 in area 48, which is due to be completed by July 2020. In line with the project schedule, the progress of the works has seen the foundations already completed, while the construction of the elevated concrete structures on which the metal framework will be fitted is already at an advanced stage.
Due to the absence of internal columns and its considerable height, the large structure will offer high levels of usability and access; a system of elevated pedestrian walkways will ensure excellent connections with the neighbouring pavilions.
With an area of 15,000 square metres and equipped with a motorised mobile covering, the new pavilion will be suitable as an exhibition space and also for other functions such as parking and logistics, further reinforcing the standards of flexibility at the exhibition centre.