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Management Report 28/29
Results:
Group sales during the 2015 fiscal year are the
highest in Koelnmesse history; they total to EUR
321.2 million and thus significantly exceed the
prior-year figure of EUR 231.2 million. The steep
year-over-year increase of 38.9% or EUR 90 million
is based, first, on the fact that particularly the
major events in the Koelnmesse portfolio were each
in a position to exceed the target figures in 2015.
In addition, the increase in sales is based above all
on the fact that the year 2015 featured a strong
trade fair cycle.
At 19%, growth in event-related expenses in 2014
was weaker than growth in revenue.
Personnel expenses were 5.1% or EUR 2.3 million
higher on the year. Most of the increase in expenses
for the Koelnmesse consolidated companies is to be
found in the German companies (plus EUR 1.4
million).
Tax expenses largely relate to the income taxes for
the 2015 fiscal year. Of this amount, EUR 5.8 million
devolves to Koelnmesse GmbH and EUR 0.7 million
to the subsidiary in the United States. Other taxes
relate almost exclusively to property tax for
Koelnmesse GmbH.
The consolidated companies’ net profit of EUR 36.7
million was EUR 16 million better than forecast.
Earnings before interest, taxes, depreciation, and
amortisation (EBITDA) stand at EUR 62.1 million
(previous year: EUR 15.3 million), exceeding last
year’s targets by more than EUR 19 million.
For the remainder, we refer to the explanations on
the results of Koelnmesse GmbH.
265 Mio.€
223 Mio.€
19%
Average net sale compared with four years prior
2008 – 2011
2012 – 2015