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The Board of Directors approves the Interim management report at 30 September 2017
13
11
2017
18:12
 
Results for the first nine months of 2017 were in line with expectations and, despite the extraordinary costs linked to the corporate governance restructuring, the full-year gross operating profit is expected to show a significant improvement compared to the figure for 2016.
 
The third quarter results reflect the postponement of one exhibition and also the typical seasonality of the sector with no exhibition activity in the summer months.
 
First nine months 2017:
  • Revenues: Euro 186.9 million (compared to Euro 178.9 million in the first nine months of 2016)
  • Gross operating profit: Euro 2.7 million (compared to Euro 14.6 million in the first nine months of 2016)
  • Net operating loss: Euro 4.5 million (compared to EBIT of Euro 5.1 million in the first nine months of 2016)
  • Losses before tax: Euro 5.3 million (compared to a profit before tax of Euro 4.5 million in the first nine months of 2016)
 
Third quarter 2017:
  • Revenues: Euro 45.1 million (compared to Euro 40.3 million in the third quarter of 2016)
  • Gross operating loss: Euro 10.8 million (compared to a gross operating loss of Euro 6.6 million in the third quarter of 2016)
  • Net operating loss: Euro 12.9 million (compared to a net operating loss of Euro 9.1 million in the third quarter of 2016)
  • Losses before tax: Euro 13.0 million (compared to losses before tax of Euro 9.2 million in the third quarter of 2016)