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EasyFairs forecasts 20 per cent revenue growth
posted on: 19/1/2011 10:13:09
EasyFairs is forecasting a 20 per cent increase in annual sales for the 2010-2011 financial year.
According to a company statement, the tradeshow organiser expects to report €33.5 million for the 12 months to June 30, 2011, up from €27.9m. It attributed the rise to organic growth as well as its acquisition of Belgian organiser Fairtec last September.
“We have every reason to feel confident in the company’s strong organic growth for the future after two years of controlled development,” EasyFairs CEO Jean-François Quentin said. “Based on the very strong rebookings we have experienced at our recent shows, we also forecast a 20 per cent increase in the volume of sales for the financial year commencing 1 July, 2011.
“Our aim is to reach €50 million revenue by 2014 through organic growth and acquisition.”
EasyFairs chairman and founder Eric Everard, who started his tenure as UFI president in January, said the news was a sign of growth in the exhibition industry. According to UFI’s Sixth Global Barometer Survey released this week, the exhibition industry has emerged from the recession and is forecasting revenue growth during 2011. “We believe we have struck the right balance in our growth strategy and continue to look for acquisitions that fit our profile as an organiser of time and cost-effective events,” Everard said.