Messe Frankfurt aiming for €700m sales after “dynamic” Q1

Musikmesse and Music China organiser Messe Frankfurt has revealed its goals for the second half of 2018.

Speaking at the Corporate Press Conference today (19th June 2018), Wolfgang Marzin, President and Chief Executive Officer of Messe Frankfurt, announced: “We are aiming for around €700 million in sales.”

This follows what the company has called a “very dynamic first six months”.

Since 2010, Messe Frankfurt Group sales have increased by around 50% – from €448 million to around €669 million in 2017. Annual net income is in the region of €41 million, which is the second-best figure in the company’s history.

“With our three business fields – Fairs & Events, Locations and Services – we have a well-established business model and a solid foundation for further development,” explained Marzin.

Messe Frankfurt has consolidated its worldwide network to 30 subsidiaries with the addition of a new location in the United Kingdom and another one in China. The company is strategically driving forward its new business, with 25 events making their debut this year. “The synergies that we achieve within our companies around the world are strengths that we can use profitably and sustainably,” said Marzin

Detlef Braun, Member of the Executive Board of Messe Frankfurt GmbH, commented: “If everything goes according to plan, the exhibitor record of 95,000 companies that we set in financial year 2017 will be broken yet again.”

In the Fairs & Events business field, the company is expanding its sector expertise in key growth regions. With regard to the company’s operating business worldwide, Braun stated: “Our events are growing in depth and breadth, with a high international component and high levels of satisfaction among our customers.

“As an event organiser and marketing partner to our customers, linking together different perspectives and industry sectors creates space for new projects, business models, cooperative measures and target groups.”

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About Laura Barnes 427 Articles
Founder/Publisher of UK musical instrument industry publication MI Focus.