Messe Frankfurt Expects Sales Revenue in the region of €600 million
10 July 2023: Messe Frankfurt has been able to continue its growth course more quickly than anticipated and now expects a further increase in sales for the current financial year. Around 340 events are being held under the Messe Frankfurt umbrella in 2023. After a very dynamic first six months, projections for the second half of the year are also good. The Group is able to operate at full force largely thanks to the decision by top management not to lay off any staff during the three-year crisis period.
Speaking at the Corporate Press Conference earlier today, Wolfgang Marzin, President and Chief Executive Officer of Messe Frankfurt, stressed: “Having the event business firing on all cylinders again with a high international component and high satisfaction levels demonstrates the commitment throughout all sectors. Financial year 2023 is well above our expectations. If everything continues in this positive vein, we expect another positive operating earnings performance in 2023. And we will be on track for an estimated
€600 million in sales, even though the rotation of events means that a smaller number of Messe Frankfurt events are being held at our Frankfurt base this year. This means that Messe Frankfurt is well and truly back in the premier league of international trade fair companies.”
Stephanie Wüst, Head of the City of Frankfurt’s Department of Economy, Legal Affairs and Reform and Chairperson of Messe Frankfurt’s Supervisory Board said “The trade fair business has recovered significantly and its performance since mid-2022 has been very encouraging again, even though the record levels of pre-COVID years are not yet within reach. It is good news for Frankfurt/Rhine-Main metropolitan region that Messe Frankfurt’s economic engine is up and running again and contributing to the prosperity of the region. With the strategic orientation of its worldwide portfolio, the digital and sustainable redevelopment of its Frankfurt base and its aim to attain climate neutrality by 2040, there is still a lot of work ahead. And we will always be at hand to provide Messe Frankfurt with advice and support.”
According to the final figures for financial year 2022, sales revenue almost tripled year-on- year to €454.2 million (2021: €153.8 million) even though the event year was still subject to pandemic restrictions. Of this, some €314 million was generated in Germany, accounting for 69 percent of sales revenue for the Group. EBITDA was €40.6 million (2021: €-74.9 million). The consolidated net loss has been reduced and is now at €-25.7 million (2021: €-139.2 million). A total of 310 events took place in the past financial year, with more than 46,500 exhibiting companies and over 2.4 million visitors.
Messe Frankfurt grounds to be climate-neutral by 2040 at the latest
Sustainable and environmentally conscious business practices are playing a key role in the Group’s strategic further development. As Marzin explained “Our aim is to combine ethical conduct and business activities in the context of ecological values. With our new target architecture, we are continuing the sustainable redevelopment of our company and will carry on processing ecological, social and economic dimensions in a structured way.” Based on a materiality analysis, subgoals are first formulated and then mapped out in a sustainability roadmap for Messe Frankfurt. The focus here will be on attaining greenhouse gas neutrality and establishing a sustainable water management system.
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