Messe Duesseldorf Posts 7-percent Increase in 2011 Year-end Sales to $382 Million
January 26, 2012
Germany-based Messe Duesseldorf posted gains in not only overall sales, from $359 million in 2010 to $382 million in 2011, but also revenue surged from $443 million in 2010 to $476 million last year.
Subject to final approval of the balance sheet, the company is reporting a post-tax result of $20 million for financial year 2011, compared with $10.6 million in 2010.
Almost one-third of the company’s total sales were generated from the Messe Duesseldorf’s ever-growing international portfolio.
“Our growing international presence and the high number of events at the Duesseldorf site in 2011 have resulted in a renewed increase in sales and profits,” said Werner M. Dornscheidt, president and CEO of Messe Duesseldorf.
Besides Germany, Messe Duesseldorf has shows in 15 countries, including the United States, Vietnam, Brazil, Turkey and the United Arab Emirates, to name a few.
Some of the shows in the international portfolio including fast-growing events such as Medical Fair Asia, International Exhibition on Hospital, Diagnostic, Pharmaceutical, Medical & Rehabilitation Equipment & Supplies, on tap to be 50-percent larger when it opens in September in Singapore, and another medical show, Medical Fair India, also seeing expanding visitor and showfloor numbers.
“The Messe Duesseldorf Group and Messe Duesseldorf GmbH are well positioned strategically,” Dornscheidt said.
He added, “Our growth is sustainable. Depending on exhibition cycles and overall economic developments, we expect national and international growth of 4 to 5 percent annually.”
At Messe Duesseldorf’s home-based events - 21 of which are owned and the other 17 are guest events - international exhibitors last year grew to 58 percent, compared with 57 percent in 2010, and 32 percent were international visitors, compared with 30 percent in 2010.
The coming year also looks strong for Messe Duesseldorf’s home events, with 25 owned and 15 guest exhibitions, including capital goods trade fairs drupa, MEDICA, wire/Tube, glasstec and Valve World Expo.
In addition, more than 80 own events and participations will be held abroad and the Messe Duesseldorf Group is expecting an increase in the international share of group sales, according to company officials.
Besides China, Russia and India, Indonesia is of particular focus of the Messe Duesseldorf Group’s international strategy, with the new events INDOPLAS, INDOPACK and INDOPRINT.
Looking further into the future, Messe Duesseldorf also plans to upgrade its fairgrounds in Germany and will invest more than $661 million by 2020, according to company officials.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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