Media Release | Results 2010
(Thomson Reuters ONE) -
MCH Group AG /
Media Release | Results 2010
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The issuer is solely responsible for the content of this announcement.
Record sales for MCH Group
* Operating income of CHF 368.3 million-record sales despite a difficult
setting
* Group profit of CHF 37.4 million- above-average profit margin for the sector
* Expansion of products and services - a further strengthening of the group's
market position
With operating income of CHF 368.3 million (2009: CHF 283.2 million), the MCH
Group has posted a consolidated result for 2010 with an EBITDA of CHF 78.3
million (CHF 61.1 million) and a group profit of CHF 37.4 million (CHF 19.9
million). Investments totalling CHF 98.6 million (CHF 22.7 million) were made,
of which CHF 81.6 million were for the new building project in Basel. The
consolidated total assets at the end of the year under review are CHF 645.3
million, with borrowed capital of CHF 392.7 million and equity capital of CHF
252.6 million. The equity ratio is 39.1 %. The MCH Group's registered share
price rose by 20.8% in the year under review, from CHF 39.50 to CHF 47.70.
The MCH Group is thus able to post a gratifying result for 2010, despite what
are still difficult underlying conditions. It has achieved the highest income in
the group's history. As was to be expected, the profit is somewhat below the
exceptional record year of 2007 but has been stepped up considerably by
comparison with the two previous years. The profit margin of 10.2% constitutes
an outstanding value in an industry comparison.
This remarkable increase compared with the previous two years can be attributed
to a range of factors: the strong market position of the MCH Group and its
products and services; the expansion of the exhibition and infrastructure
portfolio through the integration of Beaulieu Exploitation SA and Exhibit & More
AG in the company group; the extremely busy exhibition schedule due to the
individual exhibition rotas, including Swissbau, Holz and Ilmac; and, finally,
the initial signs of an economic recovery. To take a look at the individual
business fields:
MCH Exhibitions: the majority of MCH exhibitions - and particularly the
internationally leading world shows of BASELWORLD, Art Basel and Art Basel Miami
Beach - ran in a highly gratifying manner, demonstrating their key importance as
industry platforms. A considerable amount of the increased income in this
business field was due to the staging of exhibitions which are not scheduled for
every year, plus the new activities in Lausanne. MCH Exhibitions boosted its
income by 28% compared with the previous year, accounting for 72.0% of overall
income in 2010.
MCH Infrastructure: the consequences of the crisis years are still being felt in
the field of third-party events, and fewer and/or less elaborate events were
held in the year under review. This business field too, however, is benefitting
from the new location of Beaulieu Lausanne and accounted for 8.1% of overall
income in 2010. Income in this business field was up 36% by comparison with the
previous year.
MCH Event Services: a clear upward trend emerged in this business field, which
was the one that was hardest hit and most directly affected by the consequences
of the economic crisis. The economic recovery of the automotive industry and the
financial sector, in particular, had a positive impact on the order volume for
the service companies. This business field accounted for 19.9% of overall
income, with its income rising by 35% compared with the previous year.
Expansion of business activity
One of the most significant results of the past year was the acquisition of a
majority shareholding - currently of around 92% - in Beaulieu Exploitation SA.
This key strategic move into Western Switzerland has created a high potential
for expanding the group's range of products and services. It has already proved
possible to implement initial initiatives in Lausanne on a tangible and
successful basis - including the further development of the concept for
Gastronomia, the re-launching of the Salon des Métiers et de la Formation along
the same lines as the Career Choices Exhibition in Zurich and the complementing
of IFAS and the Safety and Security fair through corresponding "sister events"
in Lausanne.
In 2010, the MCH Group was involved in a total of 76 exhibitions - 37 MCH
exhibitions and joint ventures, and also 39 guest events. It registered some
17,500 exhibiting companies and 2,185,000 visitors. Seventy-three of these
exhibitions were held in Basel, Zurich and Lausanne. These three locations
additionally hosted a further 750 events (congresses, exhibitions, general
meetings, company events, concerts and musicals, etc.).
Strong market position
"The good result highlights our group's performance capability and the strong
market position of our products and services", says CEO René Kamm in respect of
the 2010 result. "The MCH Group currently holds a remarkable market position.
This is the result of the successful implementation of the group's strategy over
the past few years. Investments in the group's development, its infrastructure
offerings and, in particular, in the further development of its products and
services, are paying off." This should not, however, be allowed to conceal the
fact that the economic situation still remains difficult, stresses René Kamm.
"It is now a matter of maintaining our position on streamlined markets, which
still constitutes a great challenge."
Motions to the General Meeting
The Board of Directors will submit a proposal to the General Meeting on 13 May
2011 for payment of a dividend of 5%.
In addition, the Board of Directors will submit a proposal to the General
Meeting for Rolando Benedick, Heini Brugger and René C. Jäggi to be confirmed in
office as members of the Board of Directors of MCH Group Ltd. for a further two
years.
Further information:
Enclosure: Key Figures for 2010
Separate media release on the announcement of a capital increase
Media Contact:
MCH Group Ltd.
Corporate Communications
Christian Jecker
+41 58 206 22 52
christian.jecker(at)mch-group.com
Internet:
www.mch-group.com
News / Media Releases / MCH Group Ltd.:
www.mch-group.com/go/id/pqa/lang/eng/
News / Business Reports:
www.mch-group.com/go/id/drt/lang/eng/
--- End of Message ---
MCH Group AG
Basel
ISIN: CH0039542854;
Key Figures 2010:
http://hugin.info/134007/R/1498726/434288.pdf
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Source: MCH Group AG via Thomson Reuters ONE
[HUG#1498726]
Unternehmensinformation / Kurzprofil:
Datum: 22.03.2011 - 07:15 Uhr
Sprache: Deutsch
News-ID 52631
Anzahl Zeichen: 7873
contact information:
Town:
Basel
Kategorie:
Business News
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