Italian Exhibition Group (IEG) Q3 2026 earnings summary

Executive summary

• 9M26 revenue rose 16.7% YoY to €222.6M, adjusted EBITDA increased 31.6% to €59.3M and net result rose 53.3% to €24.5M.

• Record Q3 revenue reached €59.8M, up 44% YoY; adjusted EBITDA was €11.5M, versus €5.9M a year earlier, with a favorable event calendar.

Financial highlights

• 9M26 contribution margin was €100.4M, up 19.4%; adjusted EBIT was €42.8M, up 45.4%.

• 9M26 net result was €24.5M, up €8.5M; the estimated tax rate was 33.1%, versus 35.4% in 9M25.

• Q3 net result was €1.8M, versus a €1.0M loss in Q3 2025; adjusted EBIT was €6.5M, versus €0.3M.

Outlook and guidance

• FY26 guidance: revenue €295–298M, adjusted EBITDA €80–83M at a 27%–28% margin, and NFP €85–95M; the lower revenue bound was raised and other ranges confirmed.

• Stronger-than-expected Vicenzaoro September, T.Gold and Brazilian events offset Dubai Active and Muscle Show moving to October 2027.

• 1Q27 bookings were 81% of target net sqm, up 5 percentage points YoY.