BIT:FMMedia
Fiera Milano (BIT:FM) Stock Rides Strong Margins As Cash Flow Questions Build
Fiera Milano came into this earnings print with a hot tape, the stock up about 18% over three months and closing at €8.76 on 30 July. The company has been tagged as a low P/E events operator with punchy trailing profit growth, so expectations were quietly building.
The headline from this quarter is clear for you as an investor. The exhibition and congress group put up €245.7m of first half revenue and €94.0m of EBITDA, with margins above 38% helped by Olympics related activity and recent...