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18/04/2016 17.17.50
Rimini Fiera SpA: The Shareholders´ Meeting approves the financial statements for the 2015 fiscal year and nominates the new Board of Directors.
. - Distribution resolved of a dividend for the group leader of 9.46 euro cents per share (6.5 in 2014) which will be paid on 31st May 2016.

- The Board of Directors confirms Lorenzo Cagnoni as chairman


Rimini, 15th April 2016 – Today, the Shareholders Meeting of Rimini Fiera, a leading organizer of trade fairs and conferences, approved the consolidated financial statement of the company as of 31st December 2015 without any changes compared with the approval of the draft financial statements by the outgoing Board of Directors on 15th March.

2015 financial year: main consolidated figures

The 2015 financial statement was drawn up according to IAS/IFRS international accounting standards, which led to a redefinition of 2014 results to ensure a homogeneous comparison. The consolidated turnover of the Rimini Fiera Group as at 31st December 2015 was 74.9 million euros, a rise of 10.1% compared to the 68 million euros on 31st December 2014. The Gross Operating Margin (EBITDAi) as at 31st December 2015 was 12 million euros, maintaining the level of last year in spite of the ´odd year´ frequency of the expo calendar, without the Tecnargilla and IBE expos. The net profit as at 31st December 2015 was 3.7 million euros (an 8.8% increase on the 3.4 million euros of the 2014 financial year). As at 31st December 2015, the positive net financial position was 4.8 million euros, an improvement on the 4.7 million debt reported as at 31st December 2014.

Group leader Rimini Fiera SpA: results and dividend distribution

Group leader Rimini Fiera SpA reports a turnover as at 31st December 2015 of 58.4 million euros, a 3.5% rise on the 56.4 million euros as at 31st December 2014. The Gross Operating Margin (EBITDAi) as at 31st December 2015 was 11.4 million euros, in line with the 11.5 million euros of the previous financial year. The net profit as at 31st December 2015 was 3.9 million euros (a 25.8% increase on the 3.1 million euros of the 2014 financial year).
During today´s meeting, Rimini Fiera Board of Directors resolved the distribution of an ordinary dividend of 9.46 euro cents for each of the company´s shares, which total 42,294,067 (the previous year´s ordinary dividend was 6.5 euro cents), to be paid on 31st May 2016.

Other deliberations of the (extraordinary and ordinary) meeting and renewal of the posts on the Rimini Fiera S.p.A. Board of Directors.

The Rimini Fiera shareholders meeting, convened in an extraordinary session, modified some articles of the company´s Statute.
In the ordinary part of the meeting that followed, as well as the approval of the statutory consolidated financial statement of the financial year that ended on 31st December 2015, the meeting set the number of members of the Board of Directors at seven and set the duration of its appointment in three financial years, therefore until the approval of the statements of the year 2018. The meeting then nominated the new members of the Rimini Fiera SpA Board of Directors. The new Board is as follow:

• Barbara Bonfiglioli
• Lorenzo Cagnoni
• Daniela Della Rosa
• Maurizio Renzo Ermeti
• Lucio Gobbi
• Catia Guerrini
• Simona Sandrini

Lastly, following a motivated proposal by the Board of Auditors, the Shareholders Meeting nominated auditing firm ´PricewaterhouseCoopers´ for the three-year period from 2016 to 2018.


The first meeting of the new Rimini Fiera SpA Board of Directors

Meeting for its first session immediately after the Shareholders Meeting, according to the new Statute, the new Board of Directors of Rimini Fiera SpA proceeded with the nominations for which it is responsible and resolved the confirmation of Lorenzo Cagnoni as Chairman of the Board; it also reconfirmed the mandate of his executive powers as Managing Director of Rimini Fiera SpA.
Chairman Cagnoni said, ´I wish to thank all concerned for their renewed trust in me and I would like to highlight the formation of this Board of Directors, which has members with top-grade curricula. The majority of the members are ladies, which is a very important sign that fits excellently into the context of the good work we are about to carry out. We shall continue rapidly with the corporate processes already under way, confident that they will be fully successful. Among them, the one with prioritary and on which we shall proceed without any hesitation is the listing project.´


Rimini Fiera SpA
A top player on the expo and conference market, Rimini Fiera SpA has traded nationally and internationally for over 60 years, with highly specialized expos (41 annual and biennial events), the great majority of which are organized directly, and with national and world conferences (141 in 2015), attracting over 2 million participants. With its events, Rimini Fiera SpA promotes trade chains of strategic importance to Italian-made products: those of Food & Beverage, the Circular Economy, Tourism, Technology and Mobility, and those connected with Wellness, Leisure and Sport. In 2015, Rimini Fiera had 74.9 million euros of consolidated revenue, a consolidated EBITDA of 12 million euros and 3.7 million euros profit by the Group. www.riminifiera.it

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For further information:
Elisabetta Vitali, communication & media manager Rimini Fiera SpA; press@riminifiera.it



(i)

The EBITDA is represented by the operating results (earnings) before interests, taxes, depreciation and amortization. EBITDA is an indicator defined and used by the Group to monitor and assess the Group´s operating performance, but is not defined in this context by the IFRS; so it must not be considered as an alternative indicator for the assessment of the performance of the Groups´ operating result. The company considers the EBITDA to be an important parameter for assessment of the Group´s performance, as it enables to analyze its marginality, eliminating the effects due to non-recurrent economic elements. Since the EBITDA is not an indicator whose determination is regulated by the reference accounting standards for drawing up the Group´s consolidated financial statement, the criterion applied for the calculation of the EBITDA might not be homogeneous with that adopted by other groups, so might therefore not be comparable.


(ii) The EBITDA is represented by the operating results (earnings) before interests, taxes, depreciation and amortization. EBITDA is an indicator defined and used by the Group to monitor and assess the Group´s operating performance, but is not defined in this context by the IFRS; so it must not be considered as an alternative indicator for the assessment of the performance of the Groups´ operating result. The company considers the EBITDA to be an important parameter for assessment of the Group´s performance, as it enables to analyze its marginality, eliminating the effects due to non-recurrent economic elements. Since the EBITDA is not an indicator whose determination is regulated by the reference accounting standards for drawing up the Group´s consolidated financial statement, the criterion applied for the calculation of the EBITDA might not be homogeneous with that adopted by other groups, so might therefore not be comparable.





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