Messe Frankfurt announces loss of €30m due to pandemic cancellations

Global trade show organiser Messe Frankfurt announces that they are back on course for growth after pandemic restrictions were eased in April 2022. The return of face-to-face expos and events drove the company’s sales to around €450m for financial year 2022 but pandemic-related cancellations in the first quarter resulted in an after-tax loss in the region of €-30 million. The Group is expecting sales to be in the region of €450 million, compared with €154 million in the previous year, the company said.

A total of 310 events were held under the Messe Frankfurt Group umbrella in financial year 2022, featuring almost 52,000 exhibiting companies and attended by 3.3 million visitors. Around 80 events around the world were cancelled or postponed owing to the after-effects of the COVID-19. Around 73 percent of exhibitors at Messe Frankfurt events in Frankfurt came from outside Germany, as did around 57 percent of trade buyers.