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RIMINI FIERA GROUP:
2009 PRODUCTION VALUE: 78.6 MILLION EUROS. THE GOM WAS 13.2 MILLION<
News of the 04/05/2010 (
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. Rimini, 4th May 2010 - The Rimini Fiera SpA Board of Directors approved 2009's final balance sheet today.
The Rimini Fiera Group's consolidated production value is 78.6 million euros (3.4% down on 2007, the comparable year with the same number of exhibitions). The GOM (Gross Operating Margin) reached 13.2 million euros. Before-tax profit was almost a million euros.
The gross operating margin:production value ratio maintains Rimini expo centre's profitability, in first place among Italian expo centres.
As far as the group leader (Rimini Fiera SpA) was concerned, the 2009 production value was 48.6 million euros (4.9% down) with a GOM of 11.5 million euros.
In 2009, Rimini Fiera was attended by a total of 11,209 exhibitors (10,540 in 2007) and 1,895,980 visitors (1,458,758 in 2007) and 1,153,482 square metres of exhibit space were sold (1,097,976 in 2007).
Rimini Fiera Chairman Lorenzo Cagnoni says, 'This is without doubt a positive result when considered bearing in mind the difficulties due to the economic situation. In fact, the balance sheet maintains our profitability at the top of the sector. There is no denying that 2009 was a year of difficulties and critical situations. We nevertheless managed to fulfil the two main commitments undertaken: applying a high investment policy and supporting innovation. This enabled us to launch new exhibitions that obviously did not provide us with consistent profitability, also due to the high promotional expenses that every start-up involves, but created the conditions for prospects of growth and development that enable us to be optimistic for the future.'
PRESS CONTACTS:
Rimini Fiera SpA Communication and Media Relations Service
+39 0541 744510 - press@riminifiera.it
manager: Elisabetta Vitali
press office coordinator: Marco Forcellini; press staff: Nicoletta Evangelisti Mancini and Alessandro Caprio;
Italian corporate media consultant: Cesare Trevisani; foreign corporate media consultant: In