Messe Nuremberg Group’s Bernd Diederichs hopes to crown his 15 years as MD with revenue of just under €205m and €10m profit after taxes with an EBITDA (earnings before interest, taxes, depreciation and amortisation) of more than €41m.
“This means we have achieved by far the best financial year in terms of revenue and profit in the 35-year history of the Messe Nürnberg Group,” said Diederichs, commenting on an almost five per cent return on revenue.
International subsidiaries contributed to the profit “to a disproportionately large extent,” he added.
In view of an international profit of more than €2m with a revenue of almost €12m alone for Messe Nuremberg’s three subsidiaries in Brazil, North America and China.
EUROPE - City analysts at Westhouse Securities have downgraded international exhibition and conference organiser, ITE Group, to a 'neutral' rating, and cut profit forecasts for the year by 15 per cent.
EUROPE - The recently launched Thessaloniki Convention Bureau featured among this year's selection of 'Conventa Wild Cards', a programme designed to help new or emerging meeting providers to enter the global meeting industry market.