Media Release | MCH Group - Results 2012
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MCH Group AG /
Media Release | MCH Group - Results 2012
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A gratifying result for the MCH Group
· Operating income at a new high of CHF 390.2 million.
· At CHF 27.4 million, the third-highest group profit since the company was
first set up, despite extraordinary negative items.
· New building at Messe Basel completed on schedule and within the specified
budget.
The MCH Group, which takes in MCH Messe Basel, MCH Messe Zürich, MCH Beaulieu
Lausanne and a number of event services companies, can post a good result for
2012. With operating income of CHF 390.2 million (2011 CHF 323.9 million; 2010
CHF 366.3 million), the consolidated result for 2012 is a group profit of CHF
27.4 million (2011 CHF 20.7 million; 2010 CHF 37.4 million).
Investments totalling CHF 198.8 million were made, including CHF 172.1 million
for the new hall complex at Messe Basel. The consolidated total assets at the
end of the reporting year are CHF 885.8 million, with liabilities of CHF 556.5
million and shareholders' equity of CHF 329.3 million. The equity ratio is
37.2%.
In the course of the financial year, the price of the MCH Group's registered
share rose 42.5% from CHF 38.25 to CHF 54.50.
New high for operating income
With operating income up 20.5% and 6.5% respectively over the two previous
years, the figure of CHF 390.2 million achieved in 2012 marks a new high for the
company. Compared with the previous year, the tightly packed exhibition
schedule, in particular, had a positive impact - especially with Swissbau, which
is only held in the even years, and the Hong Kong International Art Fair (the
future Art Basel in Hong Kong) which was included in the accounts for the first
time.
Income from the MCH Group's 34 own exhibitions and joint ventures accounts for
68.8% of overall operating income. This is CHF 43.5 million up on the previous
year and also slightly higher than the comparable value for 2010. Gratifying
growth has been recorded in the Event Services business field. At CHF 91.3
million, income was boosted by 34.9% and 27.6% respectively compared with the
past two years, and the share of this business field in the overall income is
23.4%. All in all, CHF 57.5 million of the MCH Group's operating income was
generated abroad (14.7%).
Gratifying group profit despite exceptional expenditure
At CHF 27.4 million, the group profit is between the results of the two previous
years, as had been expected. In the light of two once-only extraordinary
negative items, it can be regarded as gratifying. The switchover of the pension
fund to a defined contribution scheme involved exceptional expenditure of CHF
8.4 million. And, at Winkler Multi Media Events AG, unscheduled depreciation of
CHF 5.3 million was made on inventories.
Positive event figures
The MCH Group's exhibition companies staged 30 exhibitions last year and were
also involved in a further four exhibitions in the form of joint ventures.
Thirteen of the total of 34 exhibitions were held in Basel, 11 in Lausanne, 7 in
Zurich, 2 in Miami Beach and 1 in Hong Kong. Added to this came 46 third-party
exhibitions at the Basel, Lausanne and Zurich locations. The total of 80
exhibitions registered 16,394 exhibiting companies and 2,133,599 visitors. In
the congress centres in Basel and Lausanne, 37 conferences and more than 400
additional events were also held.
A comparison of the key figures for the MCH Group's own exhibitions with the
figures for the last time round presents a positive picture: the number of
exhibiting companies and visitors has increased by 2.0% and 4.6% respectively,
and the gross exhibition area was stepped up by 4.1%. For the group's own
exhibitions and joint-venture exhibitions in Switzerland, some 30% of the
exhibiting companies and 10% of the visitors came from abroad.
New building at Messe Basel successfully completed
The 2012 reporting year additionally saw the second and decisive construction
phase for the new building at Messe Basel. Under the management of overall
contractor, HRS Real Estate, the new hall complex was completed on schedule and
in line with the plans and the set budget, and was handed over to MCH Messe
Basel on 8 February 2013. On 4 March 2013, assembly work started for the
BASELWORLD Watch and Jewellery Show, which will be opening its doors on 25 April
2013.
Motions to the General Meeting
The Board of Directors will submit a proposal to the General Meeting on 27 May
2013 for the payment of a dividend of 5%.
In addition, the Board of Directors will submit a proposal to the General
meeting for Rolando Benedick and René C. Jäggi to be confirmed in office as
members of the Board of Directors for a further term of two years. The Board
will similarly propose to the General Meeting that Martin Vollenwyder be
elected as a member of the Board of Directors for a term of two years. Martin
Vollenwyder is stepping down as a member of the Zurich City Council and delegate
of the City of Zurich on 14 May 2013, but is still available as a member of the
Board of Directors of the MCH Group. He will be proposed to the General Meeting
as a successor to Heini Brugger, who will be retiring from the Board having
reached the statutory age limit. The Board will propose to the General Meeting
that KPMG, Basel, be elected as the auditors with a term of office of one year.
Publication of the 2012 Annual Report: 02 May 2013
General Meeting 2013: 27 May 2013
www.mch-group.com
Media release
Key figures for events, group income statement, group balance sheet
Media contact:
MCH Group Ltd.
Corporate Communications
Christian Jecker
+41 58 206 22 52
christian.jecker(at)mch-group.com
Media release:
http://hugin.info/134007/R/1687892/553604.pdf
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Source: MCH Group AG via Thomson Reuters ONE
[HUG#1687892]
Unternehmensinformation / Kurzprofil:
Datum: 26.03.2013 - 07:15 Uhr
Sprache: Deutsch
News-ID 242913
Anzahl Zeichen: 7101
contact information:
Town:
Basel
Kategorie:
Business News
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