Expo giant Deutsche Messe invests in future
Deutsche Messe has announced plans to further modernise the Hannover Exhibition Center, including the rebuilding of halls 19 and 20, and confirmed several acquisitions in Germany and abroad.
“Now that the strategic realignment of the company has been completed, we are now entering a new phase of forward-looking investment,” said Dr. Wolfram von Fritsch, chairman of the managing board of Deutsche Messe AG. The board approved capital spending worth more than €60 million, the largest investment package in over 10 years.
In 2011 Deutsche Messe reported revenues of €292.8 million (2009: 222.3 million) and earnings excluding special items of €23.5 million (2009: -28.1 million). Earnings before special items were more than 40 percent higher than planned.