Italy's Fiera Milano Q1 revenue jumps 98% on Olympic events, lifts outlook

Fiera Milano SpA

13/05/2026 11:44

Overview

Italy exhibition organizer's Q1 revenue grew 98% yr/yr, driven by Olympic events and acquisitions

Q1 EBITDA rose 316% yr/yr, reflecting increased event activity and new business integration

Net income for Q1 turned positive at EUR 27.7 mln, up from a loss last year

Outlook

Fiera Milano raises 2026 revenue guidance to EUR 380–400 mln from EUR 305–350 mln

Company expects 2026 EBITDA in the EUR 100–110 mln range, up from EUR 90–100 mln

Company sees continued positive impact from Olympic events and recent acquisitions in 2026

Result Drivers

OLYMPIC EVENTS - Co attributed revenue growth to activity linked to XXV Winter Olympic Games Milano Cortina 2026, including venue use and temporary infrastructure

ACQUISITIONS - Recent acquisitions, including Expotrans and Stipa, contributed positively to integration and performance, per CEO Francesco Conci

EVENT CALENDAR - Favorable biennial event calendar and increased activity in Italian exhibition sector boosted revenue

Company press release: ID:nBIA1phCd3

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 126.4 mln
Q1 Net Income
EUR 27.7 mln
Q1 EBITDA
EUR 50.1 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the business support services peer group is "buy."

Wall Street's median 12-month price target for Fiera Milano SpA is €9.00, about 21.3% above its May 12 closing price of €7.42

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)