A shareholders meeting of the
Italian Exhibition Group (IEG), 29 April, approved financial statements for the year ending 31 December 2020 – including a Net loss of €11.3m - and appointed a Board of Directors which subsequently confirmed Lorenzo Cagnoni (pictured) as president and Corrado Arturo Peraboni as chief executive officer.
The shareholders’ meeting resolved to carry forward in full the loss for the 2020 financial year of €12.6m. Total revenues of €79.8m were declared for the year, representing a 55.3% drop on the figure for 2019.
EBITDA was €1.8m, compared to €41.9m in 2019. Net loss attributable to the shareholders of the parent company for the latest period was €11.3m, compared to a profit of €12.9m in the previous year.