The Board of Directors of Italian Exhibition Group (IEG) has approved its half-year financial report for 2025 which show revenues up over 13% (y-o-y) at €149.3m and adjusted EBITDA up 8.8% at €39.2m.
IEG chief executive officer, Corrado Peraboni (IEG), commented: “The results of the first half of the year, which reveal growth in all the main economic indicators and business KPI, once again underline the validity of IEG’s strategic choices and its ability to generate value for its stakeholders. These results were achieved thanks to our core products in the organised events segment, such as VicenzaOro, Sigep and RiminiWellness, the launch of our first fitness event in Saudi Arabia, organised by IEG Arabia, and two new events in Brazil.”
Peraboni added that the robust growth recorded in the first half year was also the result of activities in the conference sector (+45% y-o-y) including IEG being awarded the management of the Palazzo dei Congressi e degli Eventi in Fiuggi, as well as the International Federation of Adapted Physical Activity (IFAPA) congress which will be held in Rimini in 2029.
IEG continued its acquisitions strategy in this first part of the year, completing four strategic deals allowing it to expand our product portfolio in high-potential segments.
“In Brazil, we acquired a majority stake in Fenagra, the International Agribusiness and Animal Nutrition Trade Fair,” Peraboni stated. “In Italy, we acquired 51% of Movestro S.r.l., organiser of the Italian Bike Festival, and, in July, 35% of Emac S.r.l., organiser of Milano Auto Classica and co-organiser, together with IEG, of the Vicenza Classic Car Show, in partnership with Fiera Milano.
“Back at the start of the year, meanwhile, we expanded the Services segment with the acquisition of Immaginazione S.r.l..”
IEG was also winner of the UFI Digital Innovation Award for creating increasingly smart and connected experiences for its customers and stakeholders.
Peraboni confirmed guidance for the current financial year, adding that management was working on new targets which would form the focus of the next update of the group’s Strategic Plan.
Digging into the half-year results, IEG reported that revenues from its ‘Organised Events’ business, which represented 58% of the group’s turnover as at 30 June 2025, came to €86.9m, an increase of €11.3m compared to the same period the previous year. The incremental change in turnover of €9.8m was mainly driven by the development of the core events in the portfolio, including ‘KEY – The Energy Transition Expo’ and ‘Sigep World’ in the first quarter and ‘Rimini Wellness’ in the second quarter. Turnover for the first half of 2025 also benefited from the inclusion in the scope of consolidation of newly-acquired company Palakiss S.r.l., an international goldsmith centre that organises quarterly trade fair events in Vicenza, two of which are concurrent with VicenzaOro, and from the positive performance of events organised abroad, particularly InfraFM and Smart City in Brazil.
Hosted Events recorded total revenues of €3.5m, in line with the previous half year.
The Conference Events hosted in the first half of 2025 posted revenues of €14.2m, compared to €9.8m as at 30 June 2024, benefiting at the same time from the wider coverage of the calendar as well as the overall increase in participation rates at the events themselves.
Revenues from Related Services amounted to €42.2m (€40.8m as at 30 June 2024)
Publishing, Sporting Events and Other Activities, recorded total revenues for the period of €2.6m, an increase of €0.3m compared to 30 June 2024.
Net of exchange rate effects, the group said it expects to record turnover of between €257m and €262m in 2025, with an operating margin of between €66m and €68m and an NFP of between €70m and €77m
