Sign in or Register
 
 
Register today to receive each issue absolutely FREE!
The director of Reed's giant EIBTM MICE event in Barcelona, Graeme...
More
CMW catches up with Pacific World and finds the newly-expanded company has...
More
Fernando Lonergan on the need to get your event planning right. ...
More


Exhibition World Issue 77
Issue 77
Supplement: Basque Country
Supplement: Turkey
PROFITS UP AT MESSE NUREMBERG
posted on: 21/7/2011 13:29:42
Messe_Nuremberg

GERMANY – The convention venue and management company Messe Nuremberg expects 2011 to be the second strongest year in the company’s history.

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.

Do you have a news story for CMW? Email cmw@mashmedia.net

Print:
Email:
Share article:
COMMENTS
Would you like to Leave a Comment?
LATEST NEWS
EUROPE - Kinga Socko from Poland Convention Bureau has been awarded the Larry Lee Memorial Scholarship.

WORLD - Specialist global events business ITE Group has announced a pre-close trading update for the year ending 30 September 2014, which hailed 'better than expected trading performance in Q4 and good cost control'.

ADNEC GROUP CEO STEPS DOWN
posted on: 30/9/2014 13:14:06
MIDDLE EAST - Abu Dhabi National Exhibitions Company (ADNEC) has announced group CEO Pieter Idenburg has left the company, following the completion of his two-year business objectives.

CONFERENCES AT HKCEC NOT AFFECTED BY DEMOS
posted on: 30/9/2014 11:07:36
ASIA - With thousands of people protesting at changes to Hong Kong's proposed electoral system, central areas of the city have been taken over by demonstrators and camps set up outside government offices.

EUROPE - Amsterdam RAI says it has taken another step towards optimising its use of the RAI complex with plans for a new multi-functional building offering parking for 900 cars.