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    IEG   IT0003411417

ITALIAN EXHIBITION GROUP S.P.A.

(IEG)
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Italian Exhibition S p A : FROM 25th MAY FOR A MONTH THE VOLLEYBALL NATIONS LEAGUE RESTARTS GREAT SPORT AT RIMINI EXPO CENTRE

04/16/2021 | 11:34am EDT

Press release

(English translation)

FROM 25th MAY FOR A MONTH THE VOLLEYBALL NATIONS LEAGUE RESTARTS GREAT SPORT AT RIMINI EXPO CENTRE (ITALY)

From May international volleyball with 32 teams and 248 matches, in June gymnastics, in July dance sport: IEG's Rimini Expo Centre's modularity and safety arekey factors

Rimini, 15th April 2021 - IEG - Italian Exhibition Group spotlights great sports at Rimini expo centre. "The procedure regulated for professional competitive activities", says IEG president Lorenzo Cagnoni -"along with our organizing expertise in the sector and the acknowledged flexibility of use of the Rimini expo venue, now enable us to acquire new events and receive confirmation of others characterized by years of success of the format and important economic benefits for the surrounding area." For IEG CEO Corrado Peraboni, "We are approaching an overall restart and the energy of sport is an excellent support for the future. The success of our Muscle Show in Dubai was the most effective demonstration of this. In Rimini, we have once again prepared ad hoc conditions, in total compliance with restrictions and protocols, but ready to exploit every planning opportunity."

Things take off on 25th May with an event with an international profile that will highlight Rimini throughout the world with one of the most enthralling exciting sports shows. "FIVB, the International Volleyball Federation", explains Marco Borroni,IEG'sSport & Entertainment Events group brand manager, "has chosen Italy and Rimini as the location for the 2021 Volleyball Nations League (VNL). 32 national women's and men's teams will compete until 27th June at the expo centre, where a 'COVID-free bubble' will be created." There will be a total of 248 matches and all the national teams will be quartered in the surrounding area in logistic conditions ensuring the utmost safety. Another important sign from the Rimini Riviera.

From June 18th to 27th Rimini Expo Centre will host the 2021 edition of Ginnastica in Festa. Also in compliance with the protocols approved by Coni and CTS for sports events, the event will be held with the customary amount of spectacularity. And there is even more good news: The Italian Gymnastics Federation has confirmed the staging of another event, from December 4th to 8th 2021, with competitions featuring gymnasts with a high athletic profile.

And then, from July 8th to 18th, great Dance Sport will be back: Rimini Expo Centre will host the marvellous colours of the Italian championships of the Federazione Italiana Danza Sportiva (Italian dance sport federation).

IEG PRESS CONTACTS: media@iegexpo.it

Head of corporate communication & media relations: Elisabetta Vitali; press office manager: Marco Forcellini; international press office coordinator: Silvia Giorgi; press office specialist: Luca Paganin

FOCUS ON ITALIAN EXHIBITION GROUP

Italian Exhibition Group (IEG), listed on the MTA (screen-based stock exchange) organised and managed by Borsa Italiana S.p.A., has built up over the years, through its Rimini and Vicenza venues, a position of domestic leadership in the organisation of trade fairs and conferences, and has developed its foreign activities - also through joint ventures with global or local organisers, in the United States, United Arab Emirates, China, Mexico, India - which have positioned it among the leading European operators in the sector.

This press release contains forecast elements and estimates that reflect the management's current opinions ("forward-looking statements"), particularly regarding future management performance, realization of investments, cash flow trends and the evolution of the financial structure. For their very nature, forward-looking statements have a component of risk and uncertainty, as they depend on the occurrence of future events. The effective results may differ (even significantly) from those announced, due to numerous factors, including, only by way of example: food service market and tourist flow trends in Italy, gold and jewellery market trends, green economy market trends; the evolution of raw material prices; general macroeconomic conditions; geopolitical factors and evolutions in the legislative framework. Moreover, the information contained in this release does not claim to be complete, and has not been verified by independent third parties. Forecasts, estimates and objectives contained herein are based on the information available to the Company as at the date of this release.

Disclaimer

Italian Exhibition Group S.p.A. published this content on 15 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2021 15:33:05 UTC.


© Publicnow 2021
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Financials
Sales 2021 70,3 M 83,4 M 83,4 M
Net income 2021 -18,5 M -22,0 M -22,0 M
Net Debt 2021 27,9 M 33,1 M 33,1 M
P/E ratio 2021 -5,30x
Yield 2021 -
Capitalization 98,1 M 116 M 116 M
EV / Sales 2021 1,79x
EV / Sales 2022 0,87x
Nbr of Employees 456
Free-Float 31,7%
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Mean consensus BUY
Number of Analysts 3
Average target price 3,67 €
Last Close Price 3,18 €
Spread / Highest target 25,8%
Spread / Average Target 15,3%
Spread / Lowest Target 6,92%
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Managers and Directors
NameTitle
Corrado Arturo Peraboni Chief Executive Officer & Director
Carlo Costa Chief Financial Officer
Lorenzo Cagnoni Chairman
Daniela Della Rosa Lead Independent Non-Executive Director
Catia Guerrini Independent Non-Executive Director
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