EFTTA financial performance reflected in show choices
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The significance of selecting future EFTTEX venues was underlined when EFTTA’s accounts for 2018 were revealed on Friday.
The association reported a loss of €23,998 last year, when the show was held in Amsterdam, compared to a profit of €51,847 in 2017 when the venue was Budapest.
Net income from EFTTEX in Amsterdam was €421,951compared to €612,593 in Budapest in 2017.
Presenting the accounts at a meeting in the Brussels Expo, EFTTA General Manager, Janet Doyle, said the figures reflected the impact of going to Amsterdam. It is a popular city among exhibitors, but a very expensive option for EFTTA, she explained.
Subscriptions received by EFTTA in 2018 totaled €227,856, an increase of more than 30% over the €175,227 received the previous year. The growth was largely due to the efforts of Membership Director, Jacques Prallet, and the new subscriptions scheme, explained Doyle.
Costs (including travel) for retiring EFTTA CEO Jean-Claude Bel were €74,534 compared to €158,962 in 2017, although membership restructure costs were up to €41,806 from €2,306.
Travel, meetings and other AGA expenses were up to €32,508 from €25,000, while the advertising, PR and marketing spend fell almost €7,000 to €36,000.
The distribution of profit saw €134,320 go to lobby service, a growing priority for EFTTA as it seeks to combat harmful legislation against angling.
EFTTA expects a profitable return to Prague in 2020 when the Czech Republic capital hosts the show for only the second time, having last been there in 2007.