Cebit organizers are supported with 250 million Euros
The Deutsche Mess AG, the organizer of the world's biggest IT trade show Cebit, is supposed to get financial support worth 250 million Euros.
In order to ensure investment into new projects and for loss compensation the Deutsche Mess AG is said to get 250 million Euros from the German government. The Cebit hosts are supposed to receive the financial support via the owners of the trade show, the city of Hannover and the federal state Lower Saxony (Niedersachsen).
The Deutsch Messe AG hosts some of the biggest and most prestige trade shows in the world. Among those events are the Cebit and the Hanover Fair. But those crowd pullers don't run so well anymore: The Cebit has suffered from a noticeable decline in visitors and exhibitors. The two mentioned fairs are said to result in 40 percent of the overall income of the Deutsche Messe AG.
Detailed figures aren't released, but director Ernst Raue confirmed that the noticeable decline is a pain. Insiders expect a loss of 15 Million Euros for the year 2008. Back in 2007 a plus of 2.6 million Euros and revenue of 286 million Euros were reached. For 2009 experts expect even worse figures because the Cebit had to suffer this year.
IT seems like one of the financial intensive aspects is the fairground itself. Although it is the biggest fairground in the world, huge costs are caused by maintenance and expansion. Thus it is speculated that possible some Halls are dismantled which had been constructed for the Expo 2000 and aren't paid off yet.