"Even in this very difficult environment, we will generate a considerable profit," said Michael von Zitzewitz, Chairman of the Board of Management of Messe Frankfurt, when presenting the preliminary figures for the 2009 financial year. On the basis of current projections, consolidated sales for 2009 will be € 423.5 million. Zitzewitz: "This is on a par with 2007 and as such is most satisfactory." Once again, roughly a quarter of Group sales (€ 90 m) have been generated outside Germany. Zitzewitz expects pre-tax profits in the region of € 30 m. In the coming months and years, Messe Frankfurt intends to use its financial strength to generate acquisition-led growth. One of the main areas of focus will be on securing new events for the Frankfurt base. At the same time, Messe Frankfurt is developing its business abroad by means of acquisitions. In September, the company acquired a majority interest in the Taiwanese A&S Group, a leading organiser of security te chnology trade fairs in Taiwan and Vietnam. Zitzewitz expects 2010 to be a difficult year. The company will continue to streamline and optimise organisation at its Frankfurt headquarters. (ja) www.messefrankfurt.com
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