Group continues to chart successful course.16 December/ 2015
Hannover, Germany. The Hannover-based Deutsche Messe group of companies is expecting revenue of 335 million euros in 2015, with net income of 7.6 million euros. This is around 50 percent higher than the original target. With regard to the company’s multiyear planning, the objective of achieving positive earnings for the biennial period of 2016–2017 will also be realized. From 2018 onwards the group is even anticipating positive earnings every year – for the first time since 2000. The Managing Board presented the corresponding forecast to the group’s Supervisory Board at its meeting this Monday in Hannover. “The year 2015 demonstrates that Deutsche Messe is growing in every segment,” reported Managing Board Chairman Dr. Wolfram von Fritsch, adding that there was “a perceptible upward trend in revenue and earnings, in line with the relevant exhibition cycles.”
Three years after the launch of a major growth and efficiency program in 2015, Deutsche Messe continues to pursue the goal of attaining consistent profitability from 2017 onward as well as of financing planned investments (for example in hall renovations and showground infrastructure) largely from its own cash flow. The company’s top management also affirmed its anticipation of a tangible improvement in earnings over the succeeding years as well.
The Hannover Exhibition Center is Germany’s leading venue for capital goods trade fairs. In the face of increased competition with regard to hosting events, Deutsche Messe has responded by continuously modernizing the exhibition grounds and continuing its successful cost structure program, which has been in progress for several years. “A state-of-the-art exhibition center with up-to-the-minute halls is just as vital to winning new events as is the maintenance of a competitive cost structure. Only by staying competitive in terms of price and infrastructure will we have a chance of winning new hosted events and retaining established ones. The new Hall 19/20 and the glass bridge between the Convention Center and Hall 7 mark the launch of our market-oriented showgrounds development campaign.” For 2017 Deutsche Messe is planning its next modernization step by replacing Hall 22/23 with a new structure. The Supervisory Board released the planning funds for this project at its Monday meeting, with the final decision to be made after the finished plans are presented in 2017.