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Fiera Milano SpA (FIMI.MI)

FIMI.MI on Milan Stock Exchange

28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Fiera Milano FY net result swings to loss of 22.9 mln euros
Monday, 13 Mar 2017 03:04am EDT 

Fiera Milano SpA : Reported on Friday FY revenue 221.0 million euros ($236.54 million) versus 335.2 million euros a year ago . Decline in FY revenues was mainly due to a less favourable exhibition calendar compared to the previous year, which included biennial and multi-annual exhibitions, as well as some non-recurring activities linked to Expo 2015 . FY net loss 22.9 million euros versus profit 0.4 million euros a year ago .Expects a significant improvement in the gross operating profit in 2017, compared to that achieved in 2016, and a return to net profit.  Full Article

Fiera Milano sells 75 pct stake in its Chinese unit
Wednesday, 22 Feb 2017 07:08am EST 

Fiera Milano SpA : Signs agreement to sell 75 percent of equity interest of its Chinese subsidiary, Worldex Fiera Milano Exhibitions (Guangzhou), to SingEx Exhibitions Pte .Transaction price is 2.8 million euros ($2.94 million) plus earn out payments of up to 1.0 million euro depending on the results achieved in the three-year period 2017-2019.  Full Article

Fiera Milano Q3 pre-tax loss narrows to EUR 9.2 mln yoy
Friday, 4 Nov 2016 10:48am EDT 

Fiera Milano SpA : Q3 revenue 41.3 million euros ($45.9 million) versus 46.8 million euros year ago . Q3 pre-tax loss 9.2 million euros versus loss 14.1 million euros year ago .Sees 2017 EBITDA in substantial improvement compared to current year.  Full Article

Fiera Milano H1 net profit up at EUR 8.6 mln
Friday, 29 Jul 2016 11:06am EDT 

Fiera Milano SpA : H1 revenue 138.7 million euros ($155.09 million) versus 181.5 million euros a year ago .H1 net profit 8.6 million euros versus 3.9 million euros a year ago.  Full Article

Fiera Milano Q1 pre-tax profit jumps at EUR 15.7 mln
Friday, 13 May 2016 09:23am EDT 

Fiera Milano SpA : Q1 revenue 77.0 million euros ($87.18 million) versus 72.9 million euros a year ago .Q1 pre-tax profit 15.7 million euros versus 1.8 million euros a year ago.  Full Article

Fiera Milano and Veronafiere sign agreement for annual fruit and vegetables trade show
Friday, 6 May 2016 09:15am EDT 

Fiera Milano SpA : Veronafiere and Fiera Milano sign an agreement for an annual international trade show for fruit and vegetables in Italy . Agreement between Fiera Milano and Veronafiere includes a non-compete clause .Event will take place yearly with Verona taking even years and Milan odd years.  Full Article

Fiera Milano SpA announces conclusion of capital increase option period
Friday, 18 Dec 2015 01:36pm EST 

Fiera Milano SpA:Announced conclusion of capital increase option period, 95.64 pct of which subscribed for total value of 66.8 million euros.During Rights Offer Period, total of 39,693,856 rights options were exercised for subscription of 29,770,392 shares being offered, equal to 95.64 pct of total number of shares in offer, for total value of 66.8 million euros.With regard to subscription obligations undertaken, shareholder Fondazione Fiera Milano exercised all rights it held and subscribed for 19,618,206 shares, representing a quota equal to about 63 pct of total number of shares being offered, for 44.0 million euros.Rights options not exercised during offer period will be offered on the stock exchange.At conclusion of offer period 1,808,572 rights options remained unexercised giving rights to subscription of 1,356,429 shares being offered representing total value of 3.0 million euros.  Full Article

Milan Chamber of Commerce to exercise all its rights in Fiera Milano capital increase
Tuesday, 15 Dec 2015 08:05am EST 

Fiera Milano SpA:Milan Chamber of Commerce takes decision to exercise through its unit Parcam all rights it holds in the capital increase of Fiera Milano for a total of 4.5 million euros.  Full Article

Fiera Milano SpA signs agreement with UnionAlimentari-Confapi
Wednesday, 23 Sep 2015 08:00pm EDT 

Fiera Milano SpA:Unit Worldex signs agreement with UnionAlimentari-Confapi to support Italian companies willing to enter Chinese market.  Full Article

Fiera Milano SpA to buy Ipack-Ima for 2.5 million euros
Wednesday, 1 Jul 2015 09:27am EDT 

Fiera Milano SpA:Signs binding agreement with Centrexpo SpA to buy 100 pct stake in Ipack-Ima SpA for 2.5 million euros.Ipack-Ima SpA is an organizer of professional B2B and packaging exhibitions at Fiera Milano.  Full Article

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