On May 13, the Fiere di Parma 2024 shareholders’ meeting approved the 2024 budget, consolidating growth with a systemic vision and a path that is not measured only by numbers. Important were the ability to build alliances and acquisitions, the enhancement of the territory and the ability to understand global market evolutions. Examples are the recent operations related to TuttoFood by Cibus&Anuga, RomaBarShow, BBQ Expo and BikeUp.
New business plan approved in February
The numbers confirm the soundness of Fiere di Parma 2024’s industrial model, which records a consolidated turnover of more than 47 million euros, an Ebitda of 12 million, and a net profit of the parent company that exceeds 7 million. As well as a net financial position that continues to grow by providing the board of directors with more than 35 million in liquidity to support the new business plan approved in February.
Numbers that testify to the economic sustainability of the strategic choices made in recent years and the prospects of a company characterized by a management focused on the enhancement of territory and skills.
Creating a permanent business platform
The company’s board of directors emphasizes in a note how “the solidity of the group’s business model is clearly emerging in the two-year period 2024-2025,” the result of a vision built over time with the full sharing of shareholders and to the commitment of all shareholders. All have played an important role in supporting the agreements made with Cologne and Milan. “Agreements that not only certify Fiere di Parma 2024’s leadership in food and food tech,” as the note further recalls, “but also correspond to a systemic perspective at the national and European level.
“With the 2024 budget, the best premises are realized for the new business plan, which envisages 30 to 50 million investments within five years, all made in cash, in the district’s infrastructure and in the acquisition of new events. The goal, also thanks to our subsidiaries, is not simply to grow as an exhibition entity, but to create a permanent business platform, for our clients, that is competitive, leading, inclusive, rooted in the territory and at the same time able to speak to the world.”
Fiere di Parma 2024 – https://www.fiereparma.it/ – is an ambitious industrial project, but one that testifies to the desire to build a true multidisciplinary and polycentric hub, based on integration and sustainability. A hub that will prove decisive-as Cibus and Cibus Tec have been and will be-to intercept new market demands and to support Made in Italy in all its expressions