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Fiera Milano Valuation Multiples
Discover Fiera Milano's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Ollamani, Funshine Culture Group, Falcons Beyond Global, Maoyan Entertainment and more.
Fiera Milano Overview
About Fiera Milano
Fiera Milano SpA is a trade fair company. Its operating segments include Italian Exhibitions Business, Foreign Exhibitions Business, and Congresses. The Italian Exhibitions and Foreign Exhibitions segment covers all activities for organizing and hosting exhibitions and other events in Italy and abroad through the use, promotion, and offer of furnished exhibition spaces, project support, and ancillary services. It also engages in stand-fitting, technical, and exhibition site services. The Congresses segment covers the management of conferences and events. It generates the majority of the revenue from Italian exhibitions.
Founded
1920
HQ

Employees
745
Website
Sectors
Financials (LTM)
EV
$810M
Valuation Multiples
Start free trialFiera Milano Financials
Fiera Milano reported last 12-month revenue of $444M and EBITDA of $141M.
In the same LTM period, Fiera Milano generated $141M in EBITDA and $50M in net income.
Revenue (LTM)
Fiera Milano P&L
In the most recent fiscal year, Fiera Milano reported revenue of $441M and EBITDA of $155M.
Fiera Milano is profitable as of last fiscal year, with gross margin of 96%, EBITDA margin of 35%, and net margin of 13%.
Financial data powered by Morningstar, Inc.
Fiera Milano Stock Performance
Fiera Milano has current market cap of $662M, and enterprise value of $810M.
Market Cap Evolution
Fiera Milano's stock price is $9.25.
Fiera Milano share price decreased by 6.9% in the last 30 days, and increased by 36.1% in the last year.
Fiera Milano has an EPS (earnings per share) of $0.82.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $810M | $662M | -1.5% | -6.9% | 9.6% | 36.1% | $0.82 |
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Start Free TrialFiera Milano Valuation Multiples
Fiera Milano trades at 1.8x EV/Revenue multiple, and 5.8x EV/EBITDA.
EV / Revenue (LTM)
Fiera Milano Financial Valuation Multiples
As of June 5, 2026, Fiera Milano has market cap of $662M and EV of $810M.
Fiera Milano has a P/E ratio of 13.3x.
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Fiera Milano Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Fiera Milano Margins & Growth Rates
Fiera Milano grew revenue by 2% but EBITDA decreased by 19% in the last fiscal year.
In the most recent fiscal year, Fiera Milano reported gross margin of 96%, EBITDA margin of 35%, and net margin of 13%.
Fiera Milano Margins
Fiera Milano Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
Fiera Milano Operational KPIs
Fiera Milano's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.5M for the same period.
Fiera Milano's Rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Fiera Milano's Rule of X is 34% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Data powered by FactSet, Inc. and Morningstar, Inc.
Fiera Milano Competitors
Fiera Milano competitors include Ollamani, Funshine Culture Group, Falcons Beyond Global, Maoyan Entertainment, Beijing Jingxi, Eventbrite, Emerald Holding, PVR INOX, Avex and Parken Sport.
Most Fiera Milano public comparables operate across Events.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | 2.0x | - | 13.9x | |||
| 8.5x | - | 108.7x | - | |||
| 51.3x | - | 76.1x | - | |||
| 0.6x | 0.7x | 3.2x | 3.8x | |||
| 11.0x | - | (12.7x) | - | |||
| - | - | - | - | |||
| 3.0x | 2.9x | 10.8x | 10.3x | |||
| 2.3x | 2.3x | 7.1x | 7.3x | |||
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Acquisitions by Fiera Milano
Fiera Milano has acquired 2 companies to date.
Last acquisition by Fiera Milano was on April 7th 2016. Fiera Milano acquired Promotion Trade Exhibition for undisclosed valuation.
Latest Acquisitions by Fiera Milano
| Description | Promotion Trade Exhibition is an annual trade show held in Bologna, Italy, dedicated to promotional products, business gifts, and personalization technologies. Organized since 2008, it attracts over 300 exhibitors and 12,000 visitors including retailers, distributors, and customizers from Europe. The event spans 15,000 sqm showcasing items like apparel, bags, and digital printing equipment exclusively for B2B intermediaries. | Ipack-Ima SpA is an Italian organizer of international trade exhibitions for processing and packaging technologies. Based in Milan, the company hosts biennial events showcasing machinery, materials, and solutions for food, beverage, and consumer goods industries. IPACK-IMA attracts over exhibitors from 30 countries and professionals seeking innovations in filling, sealing, and labeling equipment. The 2025 edition will feature dedicated zones for sustainability and digitalization. As a key platform since its inception, it connects suppliers with end-users across Europe and beyond. |
| HQ Country | ||
| HQ City | Milan | Milan |
| Deal Date | 7 Apr 2016 | 1 Jul 2015 |
| Valuation | undisclosed | $3M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Fiera Milano acquisitions and their M&A valuation multiples. Start Free Trial | ||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAbout Fiera Milano
| When was Fiera Milano founded? | Fiera Milano was founded in 1920. |
| Where is Fiera Milano headquartered? | Fiera Milano is headquartered in Italy. |
| How many employees does Fiera Milano have? | As of today, Fiera Milano has over 745 employees. |
| Who is the CEO of Fiera Milano? | Fiera Milano's CEO is Francesco Conci. |
| Is Fiera Milano publicly listed? | Yes, Fiera Milano is a public company listed on Borsa Italiana. |
| What is the stock symbol of Fiera Milano? | Fiera Milano trades under FM ticker. |
| When did Fiera Milano go public? | Fiera Milano went public in 2002. |
| Who are competitors of Fiera Milano? | Fiera Milano main competitors include Ollamani, Funshine Culture Group, Falcons Beyond Global, Maoyan Entertainment, Beijing Jingxi, Eventbrite, Emerald Holding, PVR INOX, Avex, Parken Sport. |
| What is the current market cap of Fiera Milano? | Fiera Milano's current market cap is $662M. |
| What is the current revenue of Fiera Milano? | Fiera Milano's last 12 months revenue is $444M. |
| What is the current revenue growth of Fiera Milano? | Fiera Milano revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Fiera Milano? | Current revenue multiple of Fiera Milano is 1.8x. |
| What is the current EBITDA of Fiera Milano? | Fiera Milano's last 12 months EBITDA is $141M. |
| What is Fiera Milano's EBITDA margin? | Fiera Milano's last 12 months EBITDA margin is 32%. |
| What is the current EV/EBITDA multiple of Fiera Milano? | Current EBITDA multiple of Fiera Milano is 5.8x. |
| What is the current FCF of Fiera Milano? | Fiera Milano's last 12 months FCF is $73M. |
| What is Fiera Milano's FCF margin? | Fiera Milano's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of Fiera Milano? | Current FCF multiple of Fiera Milano is 11.2x. |
| How many companies Fiera Milano has acquired to date? | As of June 2026, Fiera Milano has acquired 2 companies. |
| In how many companies Fiera Milano has invested to date? | Fiera Milano hasn't invested in any companies yet (or none have been disclosed publicly). |
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