Fiera Milano SpA
MIL:FM
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Fiera Milano SpA
Fiera Milano SpA engages in the exhibition and congress sectors. The company is headquartered in Rho, Milano. The company went IPO on 2002-12-12. Its business activities are divided into five segments. The Italian Exhibitions segment covers the organization and hosting of exhibitions, such as the use, promotion and offer of furnished exhibition spaces. The Foreign Exhibitions includes the activities associated with exhibitions and end services for exhibitors. The Stand-fitting services segment encompasses the activities of Nolostand SpA stand-fitting services, technical services and all exhibition site services for exhibitions and congresses. The Media segment covers the production of content and supply of on line and off line publishing services, as well as the organization of events and congresses. The company also includes publishing and digital services, events and training. The Congresses segment covers the management of conferences and events.
Fiera Milano SpA engages in the exhibition and congress sectors. The company is headquartered in Rho, Milano. The company went IPO on 2002-12-12. Its business activities are divided into five segments. The Italian Exhibitions segment covers the organization and hosting of exhibitions, such as the use, promotion and offer of furnished exhibition spaces. The Foreign Exhibitions includes the activities associated with exhibitions and end services for exhibitors. The Stand-fitting services segment encompasses the activities of Nolostand SpA stand-fitting services, technical services and all exhibition site services for exhibitions and congresses. The Media segment covers the production of content and supply of on line and off line publishing services, as well as the organization of events and congresses. The company also includes publishing and digital services, events and training. The Congresses segment covers the management of conferences and events.
Revenue Drop Explained: Q1 2025 revenue declined due to the absence of a major biennial event, Mostra Convegno Expocomfort, but like-for-like revenue grew 10%.
Strong Organic Growth: Core business lines showed resilience, with notable increases in services (+7%) and congresses (+27%).
Guidance Confirmed: 2025 targets for revenue (€320–340 million), EBITDA (€110–120 million), and net cash (€100–110 million) are confirmed, excluding Expotrans acquisition impact.
Expotrans Acquisition: Fiera Milano acquired 51% of Expotrans, aiming to internalize logistics, with expected 2025 revenue contribution of €20 million and EBITDA of €1.2–1.3 million (May–December); not yet included in guidance.
Sustainable Finance: Company signed €20 million in sustainability-linked loans, tied to ESG targets for renewable energy and employee share ownership.
