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EasyFairs forecasts 20 per cent revenue growth
posted on: 19/1/2011 10:13:09
easyfairs revenue growth

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.

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The Event Production Awards (EPAs) will return for its fifth outing on 12 February 2016, organiser Mash Media has announced today (2 October).

Marylebone Cricket Club (MCC), owner of Lord’s Cricket Ground, has announced the appointment of five new members to its hospitality and events teams.

ITE Group has reported that the firm remains in a strong financial position, with Q4 performance in line with management expectations.

More than 1,600 visitors attended Scotland’s Trade Fair Autumn at the Scottish Exhibition and Conference Centre (SECC) last week, reported organiser Springboard Events.

The International Convention Centre (ICC) Birmingham has revealed it will be moving ahead with a three-year £10m refurbishment programme to “improve the customer experience and freshen up the venue”.