Bologna, 15 May 2023 - The BolognaFiere Group closed its 2022 Annual Report posting revenues of just under €210 million, up €35 million on 2019 and well above the most optimistic forecasts.

Despite operating losses of €5.3 million due to the closure of the Exhibition Centre for the first three months of the year on account of the COVID 19 pandemic and the soaring costs of energy and raw materials attributable to the Russia-Ukraine conflict, the annual results are considered very satisfactory.

With revenues of €67 million, Henoto, the leading exhibit design and installations provider, more than doubled its turnover, despite first quarter uncertainties about the post-pandemic fallout. The company continued its international development through its subsidiaries, with strategic acquisitions, first of Tecnolegno Allestimenti S.r.l., and subsequently, in 2023, of Fontemaggi.

In the words of Gianpiero Calzolari, President of BolognaFiere: “Trade fair growth in the beauty, agri-food, and children's publishing sectors in the United States, India and Asia, along with our acknowledged leadership in the booth design and installations market, have enabled the leap we all aspired to. The Bologna Exhibition Centre also acquired 10 new quality events in 2022. These include the Slow Wine Fair, E-Tech, the sustainability segment of BFWE, Metef, and Pestmed. Autumn 2023 will see the opening of Auto e Moto d'Epoca, Mercato dei Vini - the independent winegrowers’ trade show - and Asfaltica. We are sure they all be highly successful. With BolognaFiere China making dynamic progress, the recent establishment of the new company BolognaFiere India, and the synergy to be achieved on many fronts together with Gruppo Informa, we have laid the basis for a solid 2023.

The internationalization and diversification strategy laid out in the Group’s Business Plan approved by shareholders is now bearing fruit. Following the capital increase subscribed to by our shareholders, the €25 million convertible bond underwritten by Informa, and the contributions in kind of the Municipality of Bologna and the Chamber of Commerce, all of which have allowed further extension of the Exhibition Centre, our next goal will be to float the BolognaFiere Group on the stock market.