The Group closed the first half of 2024 with Revenues of 131.9 million Euros, an increase of 15.3 million Euros compared to the 116.6 million Euros recorded in the same period of the previous year. The Group
achieved a turnover increase of 13.2% in the first half, due to the development of organized events both in Italy and abroad.
Adjusted EBITDA amounted to 36.0 million Euros, an improvement of 8.2 million Euros compared to 30 June 2023. Adjusted EBIT amounted to 27.8 million Euros, an increase of 8.2 million Euros compared to the first half of 2023, and stands at 21.1% of revenues, up from 16.8% in the first half of 2023, thanks to the positive trend of the operating activities.
The group’s net profit is equal to 20.1 million Euros, an increase of 9.5 million Euros compared to the same period of the previous year. The Net Financial Position as of 30 June 2024 is 87.8 million Euros, an improvement of 7.1 million Euros compared to the first half of 2023, and a decrease of 15.8 million Euros compared to 31 December 2023.
Mr. Corrado Arturo Peraboni, CEO of the IEG Group, commented: “We are particularly pleased with the results of the first half of the year, which show signs of stronger growth than expected, thanks to the actions taken in the execution of the 2023-2028 Strategic Plan. The record results of the first part of the year are due not only to the growth of our core products in the organized events segment, such as VicenzaOro, Sigep, and RiminiWellness but also to the development of our product portfolio both in Italy and abroad. In the second half of the year, we expect to see the growth trends confirmed for the main events, for which we are already recording bookings higher than expected, allowing us to raise the guidance on the economic and financial results forecast for 2024“
 approved its Consolidated Half-Year Financial Report.){kind=link}