Fiera Milano SpA

Fiera Milano SpA

7.16
EUR
-0.04
(-0.56%)
1.10EPS
7.79P/E
602.65MMarket Cap
Mar 17Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.82
4.77
6.42
3.11
3.61
3.48
3.94
1.03
1.71
3.08
3.99
3.85
5.36
6.31
Basic EPS, GAAP
-0.32
-0.37
0.02
-0.32
0.02
0.27
0.49
-0.48
0.62
-0.08
0.64
0.27
0.71
1.08
Free Cash Flow per Basic Share
-0.01
-0.37
0.8
-0.44
0.44
0.29
1.2
-0.85
1.5
0.4
1.26
0.74
2.09
- -
Dividend per Share
0.01
- -
- -
- -
- -
- -
0.13
0.13
- -
- -
- -
0.14
0.2
- -
Book Value per Share
0.68
0.33
1.19
0.86
0.88
1.16
1.51
0.88
1.51
1.48
2.08
2.21
2.56
2.76
Tangible Book Value per Share
-2.45
-2.64
-0.7
-0.72
-0.62
-0.32
-0.03
-0.69
-0.07
-0.06
0.57
0.74
0.88
0.79
Basic Weighted Avg Shares
51
51
52
71
71
71
71
71
72
72
71
71
71
71
Sales/Revenue/Turnover
245
243
335
221
256
247
280
74
122
220
284
273
380
448
Operating Margin (%)
-7.71
-7.97
5.28
-6.49
1.43
7.44
20.75
-71.27
19.51
4.53
13.78
9.59
18.77
22.95
Depreciation Expense
14
13
12
8
7
6
45
45
45
48
51
51
51
53
Net Income, GAAP
-16
-19
1
-23
2
19
34
-34
44
-6
45
19
50
77
Effective Tax Rate (%)
- -
- -
60.54
- -
62.2
25.49
25.75
- -
- -
- -
19.54
21.88
26.01
22.85
Profit Margin (%)
-6.73
-7.81
0.3
-10.31
0.64
7.62
12.31
-46.1
36.27
-2.54
16.02
7.06
13.24
17.18
Working Capital
-113
-137
-64
-69
-72
-49
-53
-108
18
-32
-42
-45
4
9
LT Debt
35
27
11
14
4
- -
439
406
469
408
371
294
290
272
Total Equity
37
20
85
62
63
82
108
63
109
106
148
157
187
204
Return on Invested Capital (%)
- -
- -
3.59
- -
2.03
21.61
13.07
- -
- -
- -
6.02
4.5
11.28
14.27
Return on Capital (%)
- -
- -
1.93
- -
1.88
22.79
13.4
- -
- -
- -
9.56
5.27
11.64
14.47
Return on Common Equity (%)
-36.4
-73.35
2
-31.32
2.65
26.09
36.37
-39.9
51.82
-5.23
35.86
12.66
29.77
43.78

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
49
50
51
LT Borrowings
13
- -
11
LT Finance Leases
277
269
261
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
71
71
71
Market Capitalization
555
507
603

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
257
287
247
Cash, Cash Equivalents & STI
187
191
153
Accounts Receivable, Net
41
90
71
Inventories
4
6
6
Total Current Liabilities
253
274
238
Payables & Accruals
- -
- -
- -
ST Debt
49
50
51
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.91%
26.86%
18.89%
Free Cash Flow
-26.04%
-0.34%
181.01%
Net Income, GAAP
-267.17%
-230.4%
160.99%
Sales/Revenue/Turnover
12.82%
42.08%
39.08%
Total Cash Common Dividend
- -
- -
42.75%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
72
72
40
89
273
2025
64
114
54
148
380
2026
126
119
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.21
-0.1
0.05
0.27
2025
-0.05
0.37
-0.09
0.47
0.71
2026
0.39
0.31
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.14
2025
- -
- -
- -
- -
0.2
2026
- -
- -
- -
- -
- -

Company Description

CEO
Francesco Conci
Full Time Employees
860
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Rho Italy
IPO Date
Dec 12, 2002
Business
Fiera Milano S.p.A. is an Italy-based integrated trade fair and exhibition operator engaged in the organization, hosting, and management of trade exhibitions, congresses, and related events. Founded in 1920 and headquartered in Rho, Milan, the company operates primarily through four business segments: Italian Exhibitions, Foreign Exhibitions, Congresses, and Services. The group operates key event venues in the Milan metropolitan area, including the Fiera Milano Rho exhibition complex and Allianz MiCo (Milano Convention Centre), which constitute one of the largest exhibition and convention infrastructures in Europe. The company provides a comprehensive suite of event-related products and services, including exhibition venue leasing and infrastructure management for proprietary and third-party organizers; full-cycle trade fair organization across strategic industrial and consumer sectors such as mechanical engineering, manufacturing tooling, energy, construction, fashion, furniture and design, food and beverage, hospitality, and tourism; customized and modular exhibition stand engineering, fitting, and rental through specialized technical units; global freight forwarding, customs clearance, on-site handling, and logistics solutions for exhibitors; congress, convention, and corporate event management including audiovisual production, ticketing, and catering coordination; and multi-channel media services encompassing B2B specialized publishing, digital marketing platforms, advertising space concession, and data analytics. Fiera Milano serves domestic and international business-to-business and business-to-consumer clients, operating primarily across Italy while maintaining foreign exhibition activities and joint ventures in strategic international markets, including China and Brazil. The company operates through several operating subsidiaries, such as Nolostand S.p.A., Fiera Milano Media S.p.A., Fiera Milano Congressi S.p.A., Expotrans S.p.A., and Stipa S.p.A., and is controlled by Fondazione Fiera Milano, which owns the majority equity stake and primary real estate assets leased by the group. In recent developments, Fiera Milano is executing its Strategic Plan 2024–2027, focused on strengthening its integrated service ecosystem, advancing digital and sustainable event solutions, and expanding its industry leadership. As part of its external growth strategy, the group agreed to acquire a 51 percent majority stake in exhibition booth design specialist Stipa S.p.A. and a 70 percent stake in Made in Steel, the premier biennial exhibition for the southern European steel supply chain. These additions complement the group's acquisition of a 51 percent stake in exhibition logistics provider Expotrans S.p.A. and a 35 percent interest in EMAC S.r.l., organizer of Milano AutoClassica, in partnership with Italian Exhibition Group. Additionally, Fiera Milano finalized a strategic agri-food alliance with Fiere di Parma, integrating the Tuttofood exhibition into a combined platform with Cibus, and is modernizing its venue infrastructure, notably adapting the Rho complex and Live DOME to host speed skating and international media facilities for the Milano Cortina 2026 Olympic and Paralympic Winter Games.