Frankfurt / Main (dpa) – After a slump in sales last year, Frankfurter Messe is hoping for slightly better business in 2021. “At the moment, you can hardly plan. We cautiously estimate sales at 300 million euros, which would be 50 million more than last year “, said trade fair boss Wolfgang Marzin of the” Frankfurter Allgemeine Zeitung “(Thursday). “If the current restrictions and vaccinations work, we are confident that all the trade shows that we have postponed from the first to the second quarter can take place.”
The corona pandemic almost brought the trade fair industry to a standstill in 2020. Sales and earnings of the Frankfurt exhibition company collapsed. The proceeds melted down to around 250 million euros. In 2019, the German trade fair company with the highest turnover reported sales of 736 million euros, which after provisions resulted in a profit of 48 million euros. When the figures were presented in December, Marzin said he did not expect a return to such a level before 2024 because of the ongoing pandemic.
In order to reduce costs, everyone in the company forego seven percent of their salaries, affirmed Marzin in the interview. “And we will cut around ten percent of the approximately 1,000 jobs at the Frankfurt site this year and next.” There will be no redundancies for operational reasons before the end of 2023, according to an agreement with the employees. With its subsidiaries, the Frankfurt Trade Fair employs around 2500 people worldwide. The shareholders of the company are the city of Frankfurt (60 percent) and the state of Hesse (40 percent).
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Services Frankfurt Main Frankfurter Messe hopes turnover economy