Koelnmesse had a record-breaking year in 2017. At over EUR350m, the trade fair company’s turnover surpassed that of the previous record year of 2015 by around 10 percent and once again far exceeded expectations.
“We achieved our ambitious growth targets as promised and even added a bit on top,” says Koelnmesse CEO Gerald Böse, for whom this latest success is symbolic of the “turnaround and sustained growth that the company has achieved in recent years as a result of hard work.” The profit amounts to more than €20 million.
The good result is primarily due to the company’s core business: the organization of events in Cologne and in key foreign markets. In 2017 the turnover of the trade fairs in Cologne increased by around 13 percent on average compared to the respective preceding events. Eight events from all the areas of expertise in Cologne grew at a double-digit rate. Some of the foreign trade fairs, in Brazil, India and Thailand for example, also saw significant increases in the number of exhibitors and visitors. The turnover from services for trade fair participants continued to rise as well
Koelnmesse Ausstellungen GmbH, which is responsible for the guest event business, once again made a major contribution to the consolidated companies’ profits. Thanks to very successful events and premieres such as Retro Classics Cologne, the wholly owned subsidiary of Koelnmesse posted a turnover of more than EUR17m in 2017 as well as over EUR7m in profits. As a result, the subsidiary also did better than planned with regard to these two key figures.
“It was also a top team performance for which all of the employees deserve the deep gratitude and respect of the entire management,” says Böse. Besides its core business, the company’s agenda encompassed additional tasks related to its Koelnmesse 3.0 investment program and the implementation of an increasingly digitally oriented corporate culture. Over the past year, the number of employees worldwide rose by almost 5 percent to 821. Of these, around 650 work in Cologne.