Snöcap August 8, 2025

Italian Exhibition Group S.p.A. (IEG) has reported first-half revenue of €149.3m, up 13.2% from €131.9m in the same period last year.

The company posted adjusted EBITDA of €39.2m, up 8.8%, and adjusted operating income of €29.1m, up 4.8%. Net profit declined to €17.0m from €20.1m due to a higher tax rate that increased to 34% from 15%.

"The results of the first half of the year, which reveal growth in all the main economic indicators and business KPI, once again underline the validity of IEG's strategic choices," Chief Executive Officer Corrado Arturo Peraboni said.

The Euronext Milan-listed company's organized events business generated €86.9m, or 58% of total revenue, driven by core events including VicenzaOro, Sigep World and RiminiWellness. Conference events revenue jumped 45% to €14.2m.

IEG completed four acquisitions during the period, including majority stakes in Brazil's Fenagra agribusiness trade fair and Italy's Movestro, organizer of the Italian Bike Festival.

The company maintained its full-year guidance and reported a monetary net financial position of €48.4m at June 30.

The Payments Association, the UK's membership organization for the payments industry, said it has partnered with Nineteen Group, a global events and media business backed by Phoenix Equity Partners.

The partnership will provide resources and investment to scale TPA's operations while maintaining its leadership structure and community focus.

"This marks a pivotal moment for TPA," said Ben Agnew, CEO of The Payments Association. "We've built incredible momentum as a trusted community for payments professionals, and this partnership with Nineteen Group, and therefore access to significant growth capital from backers, Phoenix, gives us the platform to do even more."

Peter Jones, CEO of Nineteen Group, said: "We're delighted to partner with The Payments Association. It's a unique organisation with a powerful community, and a brilliant team. This partnership is about scale, not change – and we're excited for what's ahead."

The Payments Association will remain an independent brand led by its existing management team. The partnership will support expanding TPA's geographic reach, enhancing member services and developing new technology platforms.

"This partnership supercharges what we've built over the years," said Tony Craddock, founder of The Payments Association. "With the backing of Nineteen and Phoenix, we're poised to create even more impact for the payments community."

Emerald Holding Inc. has reported Q2 2025 revenue at $105.5m, up 22.7% from $86.0m in the same period last year.

The increase was primarily driven by acquisitions, including This is Beyond, Insurtech Insights and GRC World Forums, offset by three discontinued events. Organic revenue rose 0.4% to $80.2m.

Net loss narrowed to $1.4m from $2.8m a year earlier. Adjusted EBITDA jumped 59.5% to $24.4m from $15.3m in the second quarter of 2024.

"Our second quarter results reflect focused execution and the resilience of our business model," said Hervé Sedky, president and chief executive officer. "We've taken meaningful steps to streamline the portfolio, concentrate on high-growth markets, and strengthen our value proposition."

Chief Financial Officer David Doft said the company "continued to build on our momentum in the second quarter, delivering solid year-over-year growth in both Revenue and Adjusted EBITDA."

Emerald reaffirmed its 2025 guidance of $450m to $460m in revenue and $120m to $125m in adjusted EBITDA. The company ended the quarter with $156.4m in cash.