Balance - Nürnberg Trade Fair expects record sales in 2024
The NürnbergMesse, one of the largest trade fair companies in Germany, is expected to generate sales of over 350 million Euros in this year. This would be the highest revenue in the company's history, which celebrates its 50th anniversary in 2024. The highest revenue of 315 million Euros was achieved in the year 2018. The business year 2024 is expected to generate a profit in the two-digit million range, as a spokesperson stated.
The previous business year closed with a revenue of 265 million Euros, according to the company's statements - the second highest revenue in an odd year. Since many fairs take place in a two-year cycle, odd-numbered years are traditionally the less profitable ones. The pre-Corona level of 285 million Euros from the year 2019 was almost reached. The trade fair business recovered much faster from the pandemic than expected and is growing pleasantly, according to Managing Director Peter Ottmann. A loss of around one million Euros was recorded in 2023.
A total of 137 events are scheduled in the calendar for this year, including 68 in Nuremberg. The city of Nuremberg and the Free State of Bavaria co-own the company, which had previously employed around 1110 people.
- The Messaguesociety, a subsidiary of NurembergMesse, regularly sends quarterly figures to its stakeholders, providing insights into its financial performance.
- The NurembergMesse, located in Middle Franconian, Germany, is renowned for hosting a variety of business events, contributing significantly to the local economy and sales.
- The Messaguesociety announced a sales record of 350 million Euros for the upcoming business year, surpassing the previous highest revenue of 315 million Euros achieved in 2018.
- The Messaguesociety aims to expand its business beyond Bavaria, Germany, and is considering hosting events in other parts of Europe, seeking to increase its sales and reach a wider audience.
- The Bavarian business community has praised the impact of NurembergMesse and Messaguesociety on the sales and economic growth of companies operating in the region, particularly in the trade fair industry.
