Results in reporting year
RAI Amsterdam had an operating profit of €9.4 million on a turnover of €120.2 million. After deducting interest costs and corporation tax, the net result in the financial year was €5.0 million.
Due to the biennial cycle of events in RAI Amsterdam, comparing the results of 2016 with those of 2014 provide a more realistic picture of developments in the even years. In this section RAI Amsterdam presents all results of the past five years to provide insight into the total development of turnover, expenses and results.
2016 compared with 2014
The turnover of RAI Amsterdam in the reporting year was almost the same as 2014. The turnover of RAI-organised exhibitions and events increased by €2.7 million from 2014, while the letting to third parties fell by €2.5 million.
turnover virtually the same as 2014
Key financial data
amounts x €1 million
|balance sheet total||205.8||201.8||198.0||189.9||196.2|
|investments in tangible fixed assets||18.3||16.8||22.3||5.6||11.1|
|operating result in percentage of turnover||7.9%||7.1%||11.4%||6.1%||4.5%|
|senior Net Debt / EBITDA||2.55||2.76||2.22||2.75||2.79|
Amounts x €1 million
|Exhibitions and events||50.2||56.9||47.5||39.4||52.5|
|Letting to third parties||19.8||18.1||22.3||23.6||23.2|
|Trade journal publications||-||-||-||-||3.2|
|Wages and salaries, incl. social security and pension contributions||29.0||27.8||29.2||29.1||31.5|
|Other operating expenses||19.7||17.0||17.2||19.1||24.1|
|As % of turnover||7.9%||7.1%||11.4%||6.1%||4.5%|
* includes, among other things, parking proceeds, hotel commissions and facility services
The total operating costs in 2016 were €110.8 million, an increase of €4.7 million compared to the previous year. While the costs for wages and salaries, social security and pensions fell, the overall increase is related to the specific composition of the event portfolio in 2016.
€4.7 million increase in operational costs compared to 2014, total wage costs reduced
Over the past year RAI Amsterdam invested €18.3 million in buildings, installations, grounds, inventory and work in progress. The investments amounted to €16.8 million in 2015 and €22.3 million in 2014. The investments in the reporting year mainly concerned the completion of the multifunctional parking garage. In 2014 the main investment was in the Atrium building.
investment of €18.3 million
The cash flow from operational activities amounted to €26.2 million (2015: €19.7 million, 2014: €27.2 million).
cash flow from operational activities: €26.2 million
The interest costs were slightly lower, reduced from €3.3 million in 2015 to €2.6 million in the reporting year. As in previous years, the agreed ratios with the bank were easily realised.
slight fall in interest costs
The operating results were €9.4 million (2015: €8.9 million, 2014: €13.7 million). Taking into account the biennial event cycle, RAI Amsterdam achieved a good operating result.
good operating result from a historical perspective
After deduction of the interest costs and taxes, the net profit was €5.0 million compared to €4.2 million in 2015 and €9.3 million in 2014 (without incidental fiscal benefit in 2014 of €7.8 million).
net profit €5.0 million
International event days
The RAI Amsterdam Convention Centre had 292 days of international events in 2016 (207 in 2015, 298 in 2014).
International event days
Total number of days for international exhibitions and events
|Event days for international exhibitions and conferences||292||207||298||271||265|