Italian
Exhibition
Group #CommunityCatalyst
Consolidated Non-Financial Statement
as of 31 December 2023 in compliance with Italian Legislative Decree no. 254/2016
2023 Non-Financial Statement | P. 2 |
Italian
Exhibition
Group #CommunityCatalyst
IEG is a leader and innovator in the exhibition sector and plays a unique role in the creation of dynamic and international experiences that generate continuous business opportunities and mold the sector's future.
IEG is not only an exhibition player, but also a major ecosystem capable of providing support and networking to the business community thanks to its know-how and extensive experience. Its goal is to create lasting relationships with its clients to guarantee long-term growth, both in terms of events and results.
2023 Non-Financial Statement | P. 3 |
Summary
- Welcoming remarks
- Key Facts & Figures
- ITALIAN EXHIBITION GROUP
- Group Profile
- Exhibition centres
- Convention centres
- Exhibition districts and flagship events
- Global presence
- Corporate structure
- Economic-financialresults
- Economic value generated and distributed
- 2023-2028Strategic Plan
- Vision
- Areas of action
- Financial goals
- ESG Strategy
- Scenario
- Materiality Analysis
- ENVIRONMENT
- Sustainable events
- Green mobility
- Ecomondo: The Green Technology Expo
- Circular economy
- Prostand: Zero Waste goal
- Waste management
- Water protection
- Energy consumption
- Energy efficiency
- Photovoltaic systems
- CO2 emissions
36 European Taxonomy
- SOCIAL
- A growing team
- Focus on Well-being
- Performance Management
- Recruiting talent
- Process digitalisation
- Female leadership
- Skill development
51 | Manager Development Program |
- IEG Skill Up Program
- Prostand Corporate Academy
- Occupational health and safety
- Rootedness in the local area
- SAFTE: Scuola di Alta Formazione per la Transizione Ecologica
- SIGEP: The Dolce World Expo
56 Vicenzaoro: The Jewellery Boutique Show
- GOVERNANCE
- Corporate Governance
59 | Board of Directors |
- Shareholders' Meeting and Committees
- Organizational, Management and Control Model 231
- Anti-corruption
- Risk assessment and management
- Service quality and safety
- Supply chain
- Global Compact Network
- Methodological note
- GRI Index
2023 Non-Financial Statement | P. 4 |
Welcoming remarks
[GRI 2-22]
Trade fairs, the universal importance of a handshake
- Maurizio Renzo Ermeti, Chairman
-
Corrado Peraboni,
CEO
Dear Readers,
Connections are of absolute importance for the business community and to- day's world. That is why, at the Italian Exhibition Group (IEG), we have always worked to bring together markets, stakeholders, buyers and the media. For over 70 years, we have been organising trade fairs, events and congresses in Italy and throughout the world: dynamic, international experiences that give voice to emerging trends in the sector and unite increasingly-broad communities.
Following a period of uncertainty due to the pandemic, the exhibition market is once again growing, at higher rates than in the past, thanks to a renewed desire to meet and share. As IEG, we want to be part of this scenario, confirming the unique nature of our business model as a community catalyst, leader and innovator in the event organisation sector.
The legacy President Cagnoni has left us is enormous. Not only was he a vi- sionary, a timeless icon in our region, Lorenzo Cagnoni was a pioneer in sus- tainability, anticipating the future back in 1996 when, based on his intuition, Ecomondo-nowRicicla-was born.
Under his guidance, IEG embarked on its development journey which began with the creation of the exhibition centre followed by the Palazzo dei Congressi conference centre. Subsequently, following the merger with Vicenza and the listing on the stock exchange, the company consolidated its position to emerge as a leader in the exhibition scene, both nationally and internationally. Filling his shoes is not only a challenge, it is an honor. The mark he has left on the company and the local area is indelible and we are committed to continuing the path he has laid by keeping alive his innovative and sustainable vision.
2023 was a record year, with results surpassing the ambitious goals set in the previous industrial plan. Revenues amounted to €212 million, with a net profit of €13,3 million and a progressively rising gross operating margin. The company continued to invest to broaden its product portfolio, both in Italy and abroad. The acquisition during the past year of Mundogeo Eventos e Consultoria Em- presarial Ltda, Singapore International Jewellery Event (SIJE), and Cafè Asia and Sweets & Bakes Asia & Restaurant Asia (CARA), contributed to consolidating our global presence, while the business combination with A&T S.r.l. contributed to diversifying the portfolio.
- Among the projects concluded in 2023 were the launching of Sigep China in Shenzhen, the acquisition of three new events in Singapore, two involv- ing food and one regarding jewellery, and three in Brazil involving space, eVTOLs, drones, autonomous robots and geotechnology, as well as the KEY spin-off and the launching of the InOut format for the Rimini contract.
- Ecomondo, in its 26th year, marked IEG's fall season with the largest edi- tion ever in terms of exhibition area and content quality to attest to the key role it plays in the ecological transition. The international green economy expo, also present at COP28 in Dubai, closed with a 15% increase in at- tendance- extraordinary progress, also given the KEY spin-off, the energy transition expo which made its own separate debut last March.
- Vicenzaoro was confirmed as the choice of the global jewellery industry with a 3% growth in attendance compared with 2023, 1,300 brand exhib- itors and 141 different countries, with foreign visitors accounting for 60% of the total.
2023 Non-Financial Statement | P. 5 |
- Sigep, with a focus on sustainable innovation, confirmed its leadership in the Dolce Foodservice sector, with visitors from 160 countries and 1,200 brand exhibitors from 35 different nations.
- An all-newRiminiWellness event this year with the launching of the Stra- tegic Advisory Board consisting of major wellness stakeholders, a sector which has been further consolidated in recent months within the IEG Group with Dubai Muscle Show and Dubai Active, Brasil Trading Fitness in São Paulo and the MACS "Mexico Active and Sport Expo".
- The 60th TTG Travel Experience was strategic for the Rimini area known for being a tourism mecca: 19% increase in operators, the debut of InOut for the contract community, 2,700 brands and 1,000 foreign buyers from 62 countries made it Italy's leading B2B event for the international tourist industry.
- Major impetus also for IEG congress activity in Rimini with the Palacon- gressi conference centre already sold out for 2024, and the surge in in- ternational congresses thanks to the increasing number of candidacies with a dozen European and international appointments already planned for the coming year. In Vicenza, where the Vicenza Convention Centre re- corded a decisive year with higher attendance and qualification of busi- ness meetings.
- We were the first in the sector in Italy to have received Gender Equality Certification in recognition of our commitment to guaranteeing equal job and pay opportunities. We proudly boast a significant female presence in all supervisory and top management positions: 50% of our directors and 42% of our managers are women.
- We took on major commitments in adhering to the Net Zero Carbon Events initiative to decarbonise the exhibition sector by 2050. We subscribed to the Global Compact Network to promote a sustainable global economy and obtained certification for sustainable events at our exhibition grounds, the
Rimini conference centre and the Ecomondo event by adhering to the vi- sion of sustainable development of the United Nations 2030 Agenda.
Thanks to the extraordinary results obtained in 2023, we updated our 2023- 2028 Strategic Plan to include even more ambitious goals and over €170 million in investment.
The new plan confirms the excellence of the previously-defined strategic course, while taking on new development polices. Their goal is to accelerate organic growth through a major investment plan required to consolidate the role of #IEG within the national and international exhibition scene, while laying the bases for further growth in external lines. Financial and environmental sustainability have been integrated into the plan as enabling factors in value creation and shareholder return.
Our successes stem from you and are dedicated to you: our customers, the Group's human resources and all stakeholders. It has been an intense year yielding extraordinary results. Skills and experience developed in over 70 years of activity place us among the major players in the national business scene, with the ability to generate the profit margins of true leaders and in full compliance with the industrial plan.
So please, enjoy. Travel with us through 2023, sharing the most significant moments and looking to the year to come with renewed energy.
Maurizio Renzo Ermeti | Corrado Peraboni |
Chairman | CEO |
2023 Non-Financial Statement | P. 6 |
Key Facts & Figures
+70
years of history
182
events in total
International presence
Usa
Canada
Brazil
Mexico
China
Singapore
United Arab Emirates
Germany
1st
Italian exhibition player
for directly-organised events
+56
major exhibition
events
+126
congresses
2023-2028 Strategic Plan: extraordinary results
212,4
million
in Revenues
→ FOCUS
49,3
million
in EBITDA
+170
million in investment
included in the
2023-2028 Strategic Plan
85%
of investment meets
European Taxonomy
criteria
+150
million total value of goods and services acquired by the Group, of which 90% from local suppliers
Vicenzaoro January
RECORD
YEAR
+11.5%
rise in attendance
compared with 2020
+1,300
brand
exhibitors
+136
countries
60%
foreign visitors
2023 Non-Financial Statement | P. 7 |
Key Facts & Figures
ISO20121
Sustainable Event
certification for exhibition grounds, Ecomondo and Palacongressi convention centre
First
"Lorenzo Cagnoni"
Award
for Green Innovation at
Ecomondo
Prostand:
the future of exhibitions is Zero Waste
Results of the first LCA
A team that's growing:
+12%
employees compared
with 2022
First exhibition company
to obtain
UNI/PdR 125:2022
Gender Equality
Certification
#inclusion, #diversity,
#equality
Female
leadership
63% of total
employees are women,
50% on the BoD,
42% in management
Prostand
Corporate
Academy
+1,200 training hours
for +350 sector
professionals
SAFTE
School of Advanced Training in the Ecological Transition
45 enrolled in the second year, 100 training hours
Summertrade: Food for Good
30.000 meals collected
since 2015
Rimini
Wellness Off
+220 appointments
dedicated to the
community
Goldsmithing
School
+540 students from 17 schools, +178% vs. 2022
→ FOCUS
Ecomondo: the ecological transition exhibition 26th edition
120
countries
+550
hours of events
+15%
rise in attendance
compared with 2022
Chapter
01
Italian Exhibition Group
#IEG
#CommunityCatalyst #Green Core
ITALIAN EXHIBITION GROUP | ENVIRONMENT |
SOCIAL
GOVERNANCE
2023 Non-Financial Statement | P. 9 |
Group Profile | →www.iegexpo.it |
[GRI 2-1] [GRI 2-2] |
For over 70 years, we have been organising trade fairs, events and congresses in Italy and throughout the world
Italian Exhibition Group S.p.A. is the Italian leader in the organisation of exhibition events and one of the main players in the exhibition-congress sector at European level, with its centres in Rimini and Vicenza. Since 19 June 2019, the company has been listed on Euronext Milan, a market regulated, organised and managed by Borsa Italiana S.p.A.1
Overall in the exhibition and congress venues of Rimini and Vicenza, IEG organises each year over 56 organised and hosted exhibitions and over 126 congress events.
The Group's activities are divided into five business areas:
- Organised events: conception, planning and organi- sation of both B2B and B2C exhibition events, aimed at creating opportunities to ensure that supply meets demand.2 IEG oversees the entire value chain of the events organised across the following exhibition dis- tricts: Food & Beverage, Jewellery & Fashion, Wellness & Sports, Tourism & Hospitality, Lifestyle & Entertain- ment, Green & Technology.
- Hosted events: promotion and renting of exhibition spaces for external events, offering correlated activ- ities that include cleaning services and porterage, as well as more detailed contracts requesting collabora- tion in advertising the event.
- Conference events: formal meetings to discuss issues of common interest, often to share knowledge and ex- perience, promote discussion and develop solutions. These events are managed in the Rimini and Vicenza convention centres and include the involvement of companies and medical, scientific, political, trade un- ion, cultural, sports and religious associations.
- Related services: supplied through Italian and foreign subsidiaries, and used in trade fairs and congress events, including food and catering (Summertrade S.r.l.), stand set-up (Prostand S.r.l. and FB International Inc.), and cleaning and porterage services in the Rimini trade fair and convention centre (Prime Servizi S.r.l.).
- Publishing,sports events and other events:production of informational content for the professional commu- nities taking part in the organised events. These in- clude prestigious publications primarily in the tourism sector with the TTG Italia and Turismo Italia magazines, and in jewellery with the VO+ and Trend Book publica- tions, while the corporate area is covered by IEG Expo Magazine, the media owner of Italian Exhibition Group S.p.A. Furthermore, spaces in the Rimini Expo Centre are used for the organisation of sports events, such as the DanceSport Championships and the 'Ginnastica in Festa' event.
- IEG is listed on the STAR segment (Segmento Titoli con Alti Requisiti - High Performance Equities Segment).
- Business to Business (B2B); Business to Consumer (B2C).
ITALIAN EXHIBITION GROUP | ENVIRONMENT |
SOCIAL
GOVERNANCE
2023 Non-Financial Statement | P. 10 |
Exhibition centres
RIMINI EXPO CENTRE | VICENZA EXPO CENTRE | |
Inaugurated in 2001 and significantly expanded in 2017, the Rimini Expo Centre is one of the most impressive exhibition complexes in Italy. A single-storey structure, the trade fair extends over a surface area of 189,000 m2 and has 24 modular conference rooms, an internal rail station and parking for 11,000 autos, as well as dedicated areas for the press, a business centre and refreshment areas.
Its combination of functionality and efficiency is a point of attraction for buyers and exhibitors from around the world.
Convention centres
PALACONGRESSI RIMINI
With its state-of-the-art structure, 11,000 m2 exhibition area,39 rooms and seating for 9,000, Rimini's Palacongressi Congress Centre hosts a variety of events,including the Con- gresso Nazionale dell'Associazione Microbiologi Clinici Ital- iani (National Congress of Italian Clinical Microbiologists), the European Robotics Forum, the Congresso Nazionale CGIL (CGIL National Congress), the Artificial Intelligence Week and the Simposio AFI - Associazione Farmaceutici Industria (Symposium of the AFI - Italian Pharmaceutical Industry). This last event focuses on research, innovation and sustainability. The Palacongressi also hosts Open Jam, an observatory-event that focuses on the workplace of to- morrow. Its membership in AIPC - International Association of Congress Centres attests to its global excellence in the congress sector.
Covering a surface area of 80,000 m2, the structure includes a raised area with refreshment zone and conference rooms, a number of service areas for exhibitors and visitors, a press room and meeting rooms. Since 2014, it has undergone expansion and energy efficiency work.
The Vicenza Expo Centre is one of the leading exhibition areas in Italy and is recognised globally in the jewellery sector. It hosts the two annual Vicenzaoro shows, among the top jewellery and goldsmithing trade fairs in the world. During the shows, Vicenzaoro hosts a series of events, sessions and seminars on ESG organised by CIBJO, the World Jewellery Confederation, one of the most authoritative organisations in the world for issues regarding sector sustainability.
VICENZA CONVENTION CENTRE - ViCC
Equally prestigious, the Vicenza Convention Centre offers an innovative and multifunctional space in the heart of the city of Vicenza. The ViCC is comprised of four halls with areas ranging from 3,800 to 13,500 m2, 15 rooms and an auditorium seating 700. Its ability to adapt to the needs of events of different types and sizes makes it a versatile choice for conferences, congresses and business meet- ings. The commitment to quality and innovation is also seen in ViCC's active involvement in the sector's leading national and international associations, including Convention Bureau Italia, Federcongressi & Eventi, ICCA International Congress & Conference Association and MPI Meeting Professionals International.
IEG's activity extends across the whole of Italy. In addition to the exhibition and convention centres in Rimini and Vicenza, the company organises events and trade fairs between Brescia, Milan, Turin, Arezzo, Rome and Naples.
ITALIAN EXHIBITION GROUP | ENVIRONMENT |
SOCIAL
GOVERNANCE
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Italian Exhibition Group S.p.A. published this content on 25 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2024 12:12:26 UTC.