Italy, 30th April: Shareholders of Italian Exhibition Group (IEG) approved the company’s financial statements as at 31st December 2023. The company generated revenues of €212 million (US$235 million) in the 2023 financial year, which is a year-on-year growth of 32%. The company also posted a profit of €14.2 million (US$15.6 million) in the year.

In 2023, IEG’s Asian subsidiary, IEG Asia, generated revenues of €1.99 million (US$2.2 million) and recorded a loss of €656,000 (US$725,000) in the year. IEG’s business in Asia is a new one. The Singapore office of IEG Asia open in 2022. It small, but growing portfolio in Asia covers food & beverage, jewellery, and green energy.