^MCH Group with significantly improved figures compared to the previous year
The key figures in the 2022 annual financial statements of the MCH Group are well above the
Previous year. The MCH Group was able to increase both sales and EBITDA compared to
Increase previous year by more than 60%; the net loss was reduced to CHF 9.3 million.
be reduced.
Consolidated key figures at a glance
(2021 figures in brackets)
* Operating income: CHF 394.1 million (CHF 243.3 million)
* EBITDA: CHF 14.0 million (CHF 8.5 million)
* Loss for the year: CHF -9.3 million (CHF -17.3 million)
* Equity: CHF 113.3 million / 25.5% (CHF 47.8 million / 11.8%)
* Cash and cash equivalents: CHF 151.9 million (CHF 113.7 million)
* Net debt: CHF 84.6 million (CHF 132.7 million)
The first trimester of 2022 was still heavily influenced by the ongoing effects
the Covid-19 pandemic. The MCH Group estimates that due to the negative
Pandemic effects reduced sales by around CHF 45 million in total.
In addition, the portfolio was expanded in the second half of the reporting year
Activities and projects subjected to an in-depth analysis. The MCH Group
has separated from some projects whose profitability is not or
was no longer given. These decisions brought due to the
Depreciation involves financial one-off effects that, in addition to the Covid effect
also burdened the result for 2022.
Normalization and recovery from May 2022
From May, all activities could finally resume with practically no restrictions
take place, and with exhibitors as well as with
visitors’ uninterrupted need for live events and live
Experiences could – except for Asia – be met again without conditions.
For example, the MCH Group was able to take part in Art Basel in Basel and in Miami Beach
as well as the very successful premiere of the Paris+ par Art Basel and
also in Switzerland a strong “fair autumn” with another
normalization of the trade fair and congress business. In the area of experience
Marketing was increasing in the second semester, also on the current year
radiating momentum, particularly in the United States.
Successful capital increase as a basis for the future
In the fall, the capital increase, in which the two anchor shareholders
Canton of Basel-Stadt and Lupa, each with a stake of CHF 34.0 million, with a net
inflow of funds of CHF 74.0 million to be successfully completed. That’s it
repayment of the CHF 100 million bond due in spring 2023 secured.
At the same time, the financial basis for the further development of the
company.
Outlook for 2023
The MCH Group is optimistic for the coming year: as long as the tense
geopolitical situation does not deteriorate drastically, will continue
improved EBITDA expected. The net result for 2023 is expected to be
always be slightly negative. From 2024 is from a positive net result
to go out The MCH Group is confident that with its focus on
Growth, expansion and customer satisfaction all challenges ahead
will master.
Changes in the Board of Directors
There will be personnel changes at the General Assembly on May 4, 2023
come to the Board of Directors of the MCH Group: Christoph Brutschin (delegate of the
Canton of Basel-Stadt), Balz Hösly (delegate of the canton and the city of Zurich)
and Eleni Lionaki (representative of the anchor shareholder Lupa Systems) are from the
Board of Directors resign. The Board of Directors intends in consultation with
the canton of Basel-Stadt and the canton and city of Zurich, the number of
Reduce board members from nine to seven. Lupa Systems
is limited to the nomination of two members at the General Assembly
and waived a third nomination. In addition, the canton and
the City of Zurich in the period from the General Assembly 2023 to
General Assembly 2024 for the appointment of a delegate who
would be entitled to by statute.
Further motions to the General Assembly
At the Annual General Meeting on May 4, 2023, the shareholders will
Numerous amendments to the Articles of Incorporation proposed to the shareholders
Requirements of the revision of the
To comply with Swiss company law. At the same time, the introduction of a
conditional capital with a maximum nominal amount of CHF 1,552,657 in order to
Being able to also pay out future remuneration in the form of shares.
Hints
The invitation to the Annual General Meeting on May 4, 2023 will be sent out on May 12.
April 2023.
Links to the MCH Group website:
* Online Annual Report (https://www.mch-group.com/investoren/reports/)
* Ad hoc releases (https://www.mch-group.com/investoren/ad-hoc-
Messages/)
(https://www.mch-group.com/investoren/ad-hoc-sendungen/)
* News (https://www.mch-group.com/news/)
contact for the media
MCH Group Ltd
Corporate Communications
Emmanuel Kuhn
+41 58 206 22 43
[email protected] (mailto:[email protected])
(mailto:[email protected])www.mch-group.com (http://www.mch-
group.com)
About the MCH Group
The MCH Group, headquartered in Basel, Switzerland, is an international company
Experience marketing company with a comprehensive service network. It
organizes around 30 community platforms in Germany and abroad, including Art Basel,
Swissbau and Giardina. The Live Marketing Solutions area with the brands MCH
Global, MC2 and Expomobilia offers comprehensive experiential marketing solutions from the
strategy through creation to implementation. The MCH Group also operates
the Messe and the Congress Center Basel as well as the Messe Zürich. The company
employs over 800 people, around half of them in Switzerland and the
UNITED STATES. In the 2022 financial year, the group achieved a consolidated turnover of
CHF 394 million
°
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