Fiera Milano SpA reported consolidated earnings results for the first six months ended June 30, 2018. For the six months, the company reported revenues from sales and services of €157,724,000 against €133,893,000 a year ago. EBITDA was €46,095,000 against €11,851,000 a year ago. EBIT was €43,101,000 against €8,418,000 a year ago. Profit before tax was €43,081,000 against €7,695,000 a year ago. Profit for the period from continuing operations was €31,650,000 against €5,639,000 a year ago. Profit attributable to the shareholders of the controlling entity was €31,838,000 against €5,863,000 a year ago. Earnings per share basic and diluted were €0.4486 against €0.0826 a year ago. Net cash from operating activities was €24,259,000 against €35,068,000 a year ago. Investments in tangible assets were €579,000 against €2,800,000 a year ago. Investments in intangible assets were €75,000 against €244,000 a year ago.

For the year, the company expects the results of the first semester have led to an upgrade of the forecast for full year EBITDA. This is now expected to be in range of €24 million to €26 million, compared to the previously communicated target of €17 million.