FIRA DE BARCELONA
        
        
          | 2013 REPORT
        
        
          Internationalization is a
        
        
          key element in the policy
        
        
          of the Barcelona trade fair
        
        
          institution. In the picture,
        
        
          the Piscina show, which
        
        
          attracts a large number
        
        
          of foreign visitors and
        
        
          exhibitors
        
        
          Exceeded expectations
        
        
          Fira reached a turnover of 117,831 million euros,
        
        
          which meant an increase of 11% over the initial
        
        
          estimates. It was also a rise over the 2011 and
        
        
          2012 budgets, despite the absence of major
        
        
          events of triennial periodicity due to the 2013
        
        
          trade fair calendar.
        
        
          An EBITDA of 9,5 million euros was achieved,
        
        
          18% higher than the estimates, but lower than the
        
        
          11 millions achieved in 2011 and 2012. It should
        
        
          be noted that, in this case, EBITDA included
        
        
          the effects of structural expenses of Alimentaria
        
        
          Exhibitions S.A., organiser of Alimentaria and
        
        
          other specialised shows that became part of
        
        
          Fira in January 2013 after it purchased 50%
        
        
          of the capital owned by the multinational Reed
        
        
          Exhibitions. If we didn’t count this effect, the
        
        
          2013 EBITDA would have been very similar to the
        
        
          previous two years.
        
        
          Initial budget calculations, which had been
        
        
          quite prudent, expenditure restraint and support
        
        
          to business activity reached higher figures
        
        
          than expected, mainly because of the effect
        
        
          of demand, due basically to the presence of
        
        
          more international events than planned and the
        
        
          subsequent revenues generated for trade fair
        
        
          services, restaurants and hotels, among others.
        
        
          The strategy of support to exhibiting companies
        
        
          and the productive sectors was based partly
        
        
          on keeping the trade fair calendar, the already
        
        
          mentioned diversification of revenues, a
        
        
          commitment to innovation and knowledge and the
        
        
          promotion of international activity. This resulted in
        
        
          active business policies, streamlined management
        
        
          and development of all kinds of initiatives
        
        
          aimed at excelling in services and improving
        
        
          competiveness.
        
        
          Precisely during 2013 Fira started working
        
        
          in a significant project of reorganization in
        
        
          the spheres of business –own, external and
        
        
          international– to provide answers to the
        
        
          requirements of the market and competitiveness
        
        
          on the global stage.