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    FM   IT0003365613

FIERA MILANO SPA

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Fiera Milano : Resignation of the Chief Operating Officer, Chief Financial Officer and Manager Responsible for preparing the Company's Financial Statements

05/03/2021 | 12:33pm EST

FIERA MILANO: RESIGNATION OF THE CHIEF OPERATING OFFICER, CHIEF FINANCIAL

OFFICER AND MANAGER RESPONSIBLE FOR PREPARING THE COMPANY'S

FINANCIAL STATEMENTS

Milan, 3 May 2021. Fiera Milano S.p.A. ("Fiera Milano" and/or the "Company") announces that Marco Pacini has today resigned, with effect from 1 June 2021, from the positions of Chief Operating Officer, Chief Financial Officer and Manager responsible for preparing the Company's financial statements.

Mr Pacini explained that he has resigned because of his desire to take a new professional direction.

To ensure an easy transition and the operational continuity of Fiera Milano, Mr Pacini will retain his functions and duties until 31 May 2021.

On behalf of the whole Group, the Chief Executive Officer and General Manager Luca Palermo thanks Mr Pacini for the dedication and professionalism he has shown over the years at Fiera Milano. In turn, Mr Pacini thanks the Company for the opportunity to gain significant professional experience at a prestigious Group such as Fiera Milano.

The Company also announces that it has already identified the potential successor, with the same high professional standing as Mr. Pacini, to be appointed Chief Financial Officer and Manager responsible for preparing the Company's financial statements, who will be presented for the related assessments in the next Board of Directors convened for 10 May 2021.

In accordance with Borsa Italiana's Instructions on Stock Market Regulations, the Company discloses that Mr Pacini holds 66,786 shares in Fiera Milano as of today's date resulting from the assignment according to the 2018-2019 Performance Shares Plan.

__________________________________________________________________________________________________

Fiera Milano

Fiera Milano is the domestic market leader and one of the main integrated operators worldwide in the exhibition and congress sector. The Group manages the leading exhibition site in Italy and dominates events in numerous manufacturing sectors: fashion, publishing, furniture and furnishings, home and lifestyle, mechanical tooling industry, tourism, professional hospitality, food, plant engineering and energy, construction, art, and sailing. Specifically, the business of the Group is focused on the management, organisation and hosting of exhibitions and other events through ensuring the availability of equipped exhibition space, project support and related services. Its offer is completed by engineering services, stand-fitting services - for both pre-fabricated and customised stands - stand-fitting technical and logistic services, as well as a multichannel platform that includes web content and congresses.

Fiera Milano has been listed in the STAR segment of the Mercato Telematico Azionario of the Italian stock market since 2002.

For information:

Investor Relations Fiera Milano S.p.A. Pietro Gasparri

Tel +39 0249977816 pietro.gasparri@fieramilano.it www.fieramilano.it

Press Office Fiera Milano S.p.A. Gabriele De Giorgi, Mario Lisippo Tel +39 3398431544 press@fieramilano.it www.fieramilano.it

Image Building

Giuliana Paoletti, Simona Raffaelli Tel +39 02 89011300 fieramilano@imagebuilding.it

Disclaimer

Fiera Milano S.p.A. published this content on 03 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2021 16:32:04 UTC.


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Financials
Sales 2021 128 M 147 M 147 M
Net income 2021 9,71 M 11,1 M 11,1 M
Net Debt 2021 422 M 482 M 482 M
P/E ratio 2021 24,6x
Yield 2021 -
Capitalization 239 M 273 M 273 M
EV / Sales 2021 5,15x
EV / Sales 2022 3,57x
Nbr of Employees 679
Free-Float 30,8%
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Technical analysis trends FIERA MILANO SPA
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 2
Last Close Price 3,34 €
Average target price 3,75 €
Spread / Average Target 12,4%
EPS Revisions
Managers and Directors
Luca Palermo CEO, Director & General Manager
Carlo Bonomi Chairman
Sebastiano Carbone Director-Administrative, Financial & Tax
Marina Natale Independent Director
Alberto Baldan Independent Non-Executive Director
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