Cologne, 13th January: Koelnmesse is the most recent organiser (in long and growing list) to report a painfully steep decline in revenues and profits as a result of the global pandemic which began more than two years ago.

In 2021, Koelnmesse organised 13 events at its venue in Cologne. The group also organised ten events abroad in eight different countries. Koelnmesse also hosted 11 so-called guest events at its venue in Germany.

Several events were held in purely digital form, while others were hybrid events. Preliminary revenues in 2021 are expected to be approximately €130 million (US$147 million), with a net loss around €100 million (US$113 million). The management cited a variety of key revenue sources including reasonably good results from the autumn trade fair and income from the use of the venue as a vaccination centre. The management also noted that cost-cutting measures prevented the loss from being even larger.