Increased EBITDA and overall turnover, diversification of the business, major events realised and acquired are among the flagship results
Milan, 11th July 2019 – AIM Group International, a leading company in congresses, events and communication, publishes its Corporate Annual Report 2018 and announces positive economic and business results.
2018 was marked by significant achievements in a number of areas including new business acquisitions; efficient organisation of an impressive number of congresses and events; client diversification and financial consolidation. The major projects realised include investments in communication, with the acquisition of the majority stake of VanGogh agency which enabled the Group to enlarge the range of services offered, and the opening of a new office in Barcelona.
“Thanks to these accomplishments, led by the entire management team and supported by everyone’s hard work, AIM Group looks positively to the future” underlinesGianluca Buongiorno, president AIM Group International. “Our new Business Plan is orienting us to be stronger, with an enhanced international profile and, most importantly, with a financially robust position”.
In regard to the details of our economic results, our 2018 Consolidated Balance is positive with both the EBITDA and overall turnover recording a double-digit increasecompared to the 2017 results. The EBIDTA is almost 2.7 million euro, representing 3% and recording a +28% increase compared to the 2017 EBITDA, and the overall turnover is 99 million euro, with a +13% of growth. When including those companies not fully owned by the Group, the overall turnover surpasses 110 million euro. These results are in line with the Business Plan 2018-2020 which sets the future financial goals with the EBITDA at 5%.
“In 2018, we launched the Business Plan 2018-2020, based on the solid results achieved” explains Gianluca Scavo, CEO AIM Group International. “Our ambitious development path focuses on three main priorities: consolidation of our business portfolio; new strategic acquisitions; and the opening of new offices in dynamic destinations. Finally, the value that we emphasize in our plan is growth coupled with high profitability.”
“Quality and innovation will continue to be our main drivers over the years” adds Gianluca Buongiorno. “Association and corporate clients require to provide more valueand innovate the way to deliver effective events. It is a common challenge in the industry and we are confident that, thanks to our investments, expertise, long experience and staff professionalism, we will continue to further position AIM Group International as a global leader in the meetings industry”.
- 2018 Consolidated Results: Turnover 98,974,000 euro, Direct costs 82,793,000 euro, Staff Costs 13,487,000 euro, EBITDA 2,693,000 euro.
- +3,000 events organised with 430,000 handled delegates, 440,000 managed room nights.
- The acquisition of the majority stake of VanGogh creative communication agency.
- Several international awards received for outstanding events projects.
- The certification of Ethical MedTech Trusted Partner.
- The adoption of a new Corporate Code of Ethics.
The complete Annual Report 2018 is available on the AIM Group website.