easyFairs(R) Forecasts 20% Increase In Annual RevenuesBy Easyfairs, PRNE
Monday, January 17, 2011
easyFairs Half-Year Financial Statement Shows Strong Growth for Coming 18 Months
BRUSSELS, January 18, 2011 - easyFairs, Europe's leading organiser of time & cost-effective
trade shows, has forecast a 20% increase in its annual revenues for 2010-2011
to EUR33.5 million, compared with EUR27.9 million for 2009-2010. The increase
reflects both organic growth and the company's recent acquisitions, notably
the purchase of Belgian trade show organiser Fairtec.
"We have every reason to feel confident in the company's
strong organic growth for the future after 2 years of controlled
development," commented easyFairs Chief Executive Officer Jean-Francois
Quentin. "Based on the very strong rebookings we have experienced at our
recent shows, we also forecast a 20% increase in the volume of sales for the
financial year commencing 1 July, 2011. Our aim is to reach EUR50 million
revenue by 2014 through organic growth and acquisition."
easyFairs was founded in 2004 and has enjoyed rapid organic
growth, representing over 90% of its total business. Additionally, easyFairs
is in advanced discussions with a number of companies for targeted
acquisitions in industries including industrial technologies, construction,
information technology and hospitality sectors.
"We believe we have struck the right balance in our growth
strategy and continue to look for acquisitions that fit our profile as an
organiser of time & cost-effective events. I am delighted that easyFairs can
bring this positive news to the exhibitions industry," commented easyFairs
executive Chairman and Founder Eric Everard, who is also currently the
serving President of UFI, the Global Association of the Exhibitions Industry.
Information about easyFairs(R)
easyFairs is Europe's leading organiser of time & cost-effective trade
shows. We make it easy for people to meet and do business in a professional
environment. With headquarters in Brussels and an international network of
offices, easyFairs runs shows in Austria, Belgium, Colombia, Denmark,
Finland, Germany, Ireland, The Netherlands, Norway, Poland, Russia, Spain,
Sweden, Switzerland and the United Kingdom.
easyFairs brings sales-focused trade shows to the heart of buyer markets.
For further information, please visit www.easyFairs.com
Contact: Julian Kulkarni, Julian.kulkarni at easyFairs.com, Direct: +32(0)2-740-10-80, Switchboard: +32-(0)2-740-10-70, Mobile: +32(0)498-91-56-85, Fax: +32(0)2-740-10-75,
Tags: belgium, Brussels, Easyfairs, January 18