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NürnbergMesse raises turnover forecast for 2010

NürnbergMesse, one of the 20 largest exhibition companies in the world and among the Top Ten in Europe, defies the crisis. "We naturally have to fight more for exhibitors and visitors, we have naturally lowered our expectations, and we are naturally cutting costs where advisable and possible. But this is no crisis. We are therefore optimistic and expect a new record turnover of more than 170 million euros for the coming year, not including new acquisitions, " says Bernd A. Diederichs, Managing Director of NürnbergMesse. In the summer of this year, the forecast for 2010 was distinctly more restrained, with talk of 160 million euros plus X at that time. "The situation is now clearer and we establish that the downturns feared for our events are either not materializing or are much less than expected." The some 132 million euros turnover for 2009 is also well above the planned figure. The only bad news is that Walter Hufnagel, longest-serving Director of Exhibition Management and Member of the Management Board, is retiring into private life at the end of the year.

Diederichs expects new records for turnover and profit for the coming year 2010. "We face an exceptionally strong year of exhibitions in Nürnberg and at our subsidiaries in Brazil, China and North America. The turnover of the NürnbergMesse Group is therefore to climb to around 170 million euros, which is appreciably above the last record of 153 million euros.

Diederichs derives his optimism from the good figures for bookings for the company's own events in the first half of 2010. NürnbergMesse expects a high degree of stability or more growth especially for the large events like the fensterbau/frontale and HOLZ-HANDWERK duo, POWTECH and the leading consumer goods exhibitions IWA & OutdoorClassics and Interzoo.

Declining figures are shown by exhibitions like EUROGUSS, which is heavily dependent on the European car and truck sectors, and BioFach and Vivaness. "In the last ten years alone, the area of BioFach has been trebled and Vivaness included as a new exhibition in the portfolio. Although regrettable, it is ultimately no surprise when this rapid growth is followed by a consolidation phase. We will use this phase to do our homework and secure the sustainable development of BioFach. For example, the orientation in the halls and the assignment of individual segments to each other will be improved appreciably, " promises Diederichs, who intends to develop BioFach's importance as leading international exhibition and global get-together for the organic industry.

After a suspected record-breaking construction period of less than 18 months, the newly designed central (Mitte) area with its entrance, service, catering and congress facilities will be taken into service in September 2010. "Our new Mitte entrance and congress area is to become a gateway to success for our customers and particularly generate new impetus for the Mitte/West congress area. After all, this area now offers a distinctly larger capacity than CCN Ost, " says Diederichs explaining the reason for the investment of 47 million euros, currently Germany's biggest exhibition building site.



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