The balance sheet hit the target in 2010, with net profit of Euro 1,206,000 for the parent company, positive results for subsidiaries, consolidated pre-tax profit of Euro 2,673,000 and net annual profit of Euro 497,000 for the Group.
The Board of Directors of BolognaFiere examined and approved today the budget to be submitted to the shareholders meeting for approval.
Turnover by parent company BolognaFiere Spa is Euro 66,628,000 and Group turnover is Euro 109,680,000, exceeding 2009 results by Euro 4,610,000 (+7.4%) and Euro 3,405,000 (+3.2%), respectively.
In addition to higher turnover thanks to the cyclical nature of exhibitions held in even-numbered years, there was a positive trend in the parent’s EBITDA, which rose from Euro 4,770,000 in 2009 to Euro 9,779,000 in 2010, almost doubling in percentage from 7.7% in 2009 to 14.6% and surpassing 2010 budget goals.
Group EBITDA rose from Euro 12,808,000 in 2009 to Euro 17,714,000 in 2010, from 12% to 16.1%.
These data confirm that BolognaFiere Group is Italy’s second largest exhibition centre after Fiera Milano.