{"id":11286,"date":"2026-10-26T10:12:50","date_gmt":"2026-10-26T09:12:50","guid":{"rendered":"https:\/\/fondazionecortina.com\/?p=11286"},"modified":"2026-10-27T14:43:49","modified_gmt":"2026-10-27T13:43:49","slug":"fondazione-cortina-closes-its-olympic-year-with-e13-7-million-in-revenue-and-a-33-increase-in-net-assets-2","status":"publish","type":"post","link":"https:\/\/fondazionecortina.com\/en\/news-en\/fondazione-cortina-closes-its-olympic-year-with-e13-7-million-in-revenue-and-a-33-increase-in-net-assets-2\/","title":{"rendered":"Fondazione Cortina closes its Olympic year with \u20ac13.7 million in revenue and a 33% increase in net assets"},"content":{"rendered":"

Fondazione Cortina closed the financial year ending 30 June 2026 with <\/span>a net profit of more than \u20ac202,000 <\/b>(+120%) and<\/span> net assets exceeding \u20ac818,000<\/b> (+33%). The result caps a year defined by the preparation and local delivery of the Milano Cortina 2026 Olympic and Paralympic Winter Games, the culmination of the path Fondazione Cortina set out on in 2022 \u2013 <\/span>a path that has generated \u20ac26 million in direct impact on the Veneto region<\/b>.<\/span><\/p>\n

Revenue more than tripled year on year to over \u20ac13.7 million<\/b> (+125%), a figure that chiefly reflects the completion of the <\/span>contracts awarded to Fondazione Cortina by Fondazione Milano Cortina 2026 for the design, organisation, set-up and management of the events and activities connected to the Games on the ground <\/b>(\u20ac11.1 million in total). <\/span>A further \u20ac1.16 million came from logistics services provided during the Games <\/b>to federations, national Olympic committees and commercial partners, alongside \u20ac740,000 in sponsorship and partnership revenue.\u00a0<\/span><\/p>\n

Over the same period Fondazione Cortina incurred total costs of \u20ac13.3 million<\/b> (+126% on 2025), the majority of which generated direct impact on the local area and on local businesses, which provided support in delivering the various services guaranteed by Fondazione Cortina.
\n<\/span>Fondazione Cortina thus brings an important chapter of work to a close, built on <\/span>transparency and sound management<\/b>, thanks to <\/span>PWC’s support<\/b> for financial planning and management control, a voluntary audit by <\/span>KPMG<\/b> and the voluntary adoption of the Organisation and Management Model under Italian Legislative Decree 231\/2001, overseen by a dedicated Supervisory Board.<\/span><\/p>\n

Click here to read the news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fondazione Cortina closed the financial year ending 30 June 2026 with a net profit of more than \u20ac202,000 (+120%) and net assets exceeding \u20ac818,000 (+33%). The result caps a year defined by the preparation and local delivery of the Milano Cortina 2026 Olympic and Paralympic Winter Games, the culmination of the path Fondazione Cortina set […]<\/p>\n","protected":false},"author":8,"featured_media":11236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crosspost_to_2":false,"_crosspost_to_3":false,"_crosspost_to_4":false,"_crosspost_to_5":false,"_crosspost_to_6":false,"_crosspost_to_7":false,"_templately_pack_id":"","_templately_imported_at":"","_templately_source":"","_templately_import_session_id":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[53],"tags":[216,217],"class_list":["post-11286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-corporate","tag-fondazione-cortina"],"yoast_head":"\nFondazione Cortina closes its Olympic year with \u20ac13.7 million in revenue and a 33% increase in net assets - Fondazione Cortina<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fondazionecortina.com\/en\/news-en\/fondazione-cortina-closes-its-olympic-year-with-e13-7-million-in-revenue-and-a-33-increase-in-net-assets-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fondazione Cortina closes its Olympic year with \u20ac13.7 million in revenue and a 33% increase in net assets - Fondazione Cortina\" \/>\n<meta property=\"og:description\" content=\"Fondazione Cortina closed the financial year ending 30 June 2026 with a net profit of more than \u20ac202,000 (+120%) and net assets exceeding \u20ac818,000 (+33%). 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