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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.

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