Because of Corona: Harsh losses for the Nuremberg exhibition company - "We were shock frozen"

The Nuremberg trade fair organizers are suffering from the corona crisis.

The managing directors announced on Thursday how high the losses were for the past year.

Nuremberg - The trade fair industry is also hit hard by the Corona * crisis.

Normal business has hardly been possible for over a year.

At the annual press conference, the managing directors Roland Fleck and Peter Ottmann of Nürnberg * Messe spoke about how badly the corona pandemic had hit business.

NürnbergMesse is one of the largest trade fair organizers in the world.

“We had a golden decade of trade fairs and immediately afterwards we were shock frozen,” said managing director Ottmann.

In 2020 they made a hefty loss of 68 million euros.

NürnbergMesse suffers from Corona - Managing Director Ottmann is nevertheless confident

Despite considerable savings measures of 25 percent of personnel costs and 40 percent of material costs as well as the waiver or postponement of investments amounting to 54 million euros, the bottom line is likely to result in a loss in the current year, reports the

. In 2020, a good first quarter prevented an even bigger slump. In 2021, Fleck is hoping for a “reasonably good” final quarter. In September, the trade fair business in Germany as well as in other countries should start up again.

Managing Director Ottmann is confident that he will be back in the black "relatively quickly".

The urge of the business world for face-to-face fairs is still great, which is also shown by the experience from China, where they have already reached 90 percent of the pre-crisis level.

China is currently the only country in which face-to-face fairs are possible for Nuremberg residents.

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