AIM Group International has announced a 7.7 per cent increase in earnings for the last financial year, despite the challenges of Covid-19 in the first half of 2020.
The company’s Corporate Annual Report 2019 showed EBIDTA of almost 2.7 million euro ($4.4m), with an overall turnover of 106.6 million euro ($175m). The overall turnover was 120 million euro ($197m) when including companies not fully owned by the group.
The results highlight how the pandemic has put a brake on a cycle of growth for the group whilst providing reassurance its ability to face up to the current challenges.
“The 2019 results highlight the Group’s ability to manage our medium to long-term strategies,” said Gianluca Scavo, AIM Group International’s CEO.
“We also recorded above average market performance. We have continued to post solid margins which have been realised through a clear vision of the future and targeted investment in technology, processes, products, infrastructure and resources”.
The company held more than 3,000 event experiences for 400 corporate and association clients across more than 90 destinations in the 12 month period.
“The positive economic results confirm the stability of our group and are particularly important now as we face today’s extraordinary market situation,” said Gianluca Buongiorno, president of AIM Group International.
“The global pandemic which spread suddenly and completely disrupted our industry, forced us to review our business plans and to focus on service innovation, with a major shift to virtual and digital events and internal reorganisation.
“Although an unprecedented, unfavourable context, we look with confidence to the future, trusting our expertise and solid organisation, to organise the major national and international events trusted to us right through to 2025.”