11.6
million €operating
profit
Generate value for the country
In 2024, a year of timid recovery for the global economy, still marked by strong geopolitical uncertainties, growing international trade tensions and the economic slowdown in some key countries, Fondazione Fiera Milano continued with commitment in its activities, enhancing the value of its assets and capital and consolidating important financial and governance results. Assets continued to grow with an increase of more than 100 million euro in six years, making it possible to strengthen investments and plan new ones for the near future.
Fondazione confirms its ability to create a system between different players, both public and private, its role in fostering the conditions for the competitiveness of Fiera Milano and as an investor in the area, through projects for the regeneration and enhancement of the urban context. Fieramilano is always ready to support projects in favour of the community, initiatives with a strong social impact, and cultural and educational activities.
764.6
milion €net worth
in 2024
56.3
millionsales
revenue
New investments
The largest share of the investments in the Three-Year Plan, estimated at more than 350million euros from 2023 to 2028, is dedicated to interventions on Fondazione's real estate assets.
These include the project for the Portello, which includes the transformation of some of the pavilions into congress spaces, increasing the total capacity to 30 thousand participants, the construction of the hotel with more than 170 rooms, and the construction of a white box in which Rai will build, through its own fit-out works, its new offices and its new multimedia production center, with 8 recording rooms in the area now occupied by MiCo Nord.
Another major portion of the investments was put in place to support the 2026 Olympic and Paralympic Winter Games - with the adaptation of the fieramilano pavilions that will host the speed skating rink and field hockey rink and for the media center in the Allianz MiCo spaces - and to support the development of the entertainment business that Fiera Milano recently presented in its Strategic Plan.
Reporting template
Inspired by the reporting and transparency models adopted by listed companies, the Annual Report of Fondazione Fiera Milano integrates financial and non-financial information in a single document, offering a comprehensive view of the results achieved, the initiatives carried out and the commitments made. The Foundation has produced the first edition of the Sustainability Statement (FY24) in accordance with the new single European standard ESRS, introduced by the Corporate Sustainability Reporting Directive (CSRD).
The ESRS Standard identifies 100 environmental, social and governance issues from which the Foundation, through a double relevance analysis, has selected those most consistent with its activities.