(Finance) – The board of directors of Italian Exhibition Group (IEG), a leading company in Italy in the organization of international trade fairs and listed on Euronext Milan, has approved the industrial plan for the period 2022-2027. There is a return to post-pandemic normality in 2023to then start a phase of growing development that will lead to turnover exceeding 260 million euros with profitability in line with those of the best comparable operators.
The development of the group, which manages the Rimini and Vicenza exhibition facilities, will be supported by an important investment plan that will run over the entire six-year plan. More details will be disclosed on the morning of July 19, before the presentation of the plan to the financial community and the strategies.
At the end of the board meeting, the councilor Marino Gabellini (sole director of Rimini Congressi Srl) submitted his resignation from office, deeming his contribution to the company’s business exhausted. Gabellini is not qualified as an independent director and does not hold offices in the committees set up within the BoD. The manager does not hold IEG shares. During an upcoming meeting, the board will make the necessary decisions.