At a glance
The MCH Group is a leading international live-marketing company group. It provides physical and digital platforms for a range of industries. And it supplies customised solutions worldwide in all the different areas of live marketing – from the strategy through to implementation.
The MCH Group’s business activity consists in running the exhibition sites in Basel and Zurich (Venues), staging around 30 of its own exhibitions (Exhibitions) and providing customised services in experience marketing (Live Marketing Solutions). In 2019, the MCH Group organised or hosted 839 events and took charge of almost 3,770 projects in the field of live marketing solutions.
Holz
The consolidated financial indicators for 2019 show a decline in sales compared with the previous year but a clear increase in profitability. The EBITDA is CHF 22.1 million and thus CHF 18.1 million above the comparable value for the previous year (CHF 4.0 million). The loss for the year prior to special measures totals CHF -3.2 million and is CHF 14.4 million - approx. 80% - above the comparable value for the 2018 financial year (CHF -17.6 million).
Key figures
Group Income Statement
|
Group Income Statement in CHF million |
2019 |
% of income |
2018 before special measures |
% of income |
2018 |
% of income |
2018 before special measures |
% of income |
|
Operating income |
445.2 |
100.0 |
445.2 |
100.0 |
522.8 |
100.0 |
522.8 |
100.0 |
|
Exhibitions (MCH Exhibitions) |
226.7 |
50.9 |
226.7 |
50.9 |
275.2 |
52.6 |
275.2 |
52.6 |
|
Venues (Third-party Events) |
32.4 |
7.3 |
32.4 |
7.3 |
38.5 |
7.4 |
38.5 |
7.4 |
|
Live Marketing Solutions |
186.1 |
41.8 |
186.1 |
41.8 |
209.1 |
40.0 |
209.1 |
40.0 |
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
22.1 |
5.0 |
26.7 |
6.0 |
4.0 |
0.8 |
28.5 |
5.5 |
|
|
|
|
|
|
|
|
|
|
|
Depreciation and impairments |
–24.8 |
–5.6 |
–22.7 |
–5.1 |
–186.1 |
–34.6 |
–37.8 |
–7.2 |
|
EBIT (= Result) |
–2.7 |
–0.6 |
4.0 |
0.9 |
–182.1 |
–34.8 |
–9.3 |
–1.8 |
|
|
|
|
|
|
|
|
|
|
|
Loss for the year |
–9.9 |
–2.2 |
–3.2 |
–0.7 |
–190.4 |
–36.4 |
–17.6 |
–3.4 |
Group Balance Sheet
|
Group Balance Sheet in CHF million |
31.12.2019 |
% of total assets |
31.12.2018 |
% of total assets |
|
Total current assets |
255.9 |
53.3 |
250.0 |
50.2 |
|
Total non-current assets |
224.6 |
46.7 |
248.2 |
49.8 |
|
Total assets |
480.5 |
100.0 |
498.2 |
100.0 |
|
|
|
|
|
|
|
Total liabilities |
432.6 |
90.0 |
441.3 |
88.6 |
|
Total shareholders’ equity |
47.9 |
10.0 |
56.9 |
11.4 |
|
Total liabilities and shareholders' equity |
480.5 |
100.0 |
498.2 |
100.0 |
|
|
|
|
|
|
|
Net debt in CHF million |
2019 |
|
2018 |
|
|
31.12. |
136.1 |
|
148.7 |
|
Share price and proposed dividend
|
Share prices and proposed dividend in CHF |
2019 |
2018 |
|
Share price 31.12. |
26.10 |
19.95 |
|
Proposed dividend per share |
0.00 |
0.00 |
Exhibitions & Venues
|
2019 |
Number |
Exhibitors |
Visitors |
GEA 1) |
Duration 2) |
|
Exhibitions |
28 |
5 976 |
1 254 254 |
638 037 |
141 |
|
MCH exhibitions |
|
|
|
|
|
|
|
|
|
|
|
|
|
Messe Basel |
13 |
3 686 |
636 548 |
395 564 |
67 |
|
Messe Zürich |
6 |
929 |
213 236 |
78 088 |
21 |
|
Other locations |
9 |
1 361 |
404 470 |
164 385 |
53 |
|
|
|
|
|
|
|
|
Venues |
811 |
10 065 |
1 635 254 |
893 469 |
813 |
|
All events |
|
|
|
|
|
|
|
|
|
|
|
|
|
Exhibitions |
43 |
8 812 |
1 187 523 |
768 997 |
153 |
|
Messe Basel |
22 |
5 052 |
743 160 |
515 944 |
89 |
|
Messe Zürich |
21 |
3 760 |
444 363 |
253 053 |
64 |
|
|
|
|
|
|
|
|
Hall rentals & events |
18 |
|
72 921 |
68 550 |
71 |
|
Messe Basel |
7 |
|
44 221 |
15 280 |
38 |
|
Messe Zürich |
11 |
|
28 700 |
53 270 |
33 |
|
|
|
|
|
|
|
|
Conferences & room rentals |
453 |
1 253 |
120 810 |
55 922 |
589 |
|
Congress Center Basel |
165 |
1 253 |
117 910 |
55 922 |
301 |
|
Conference rooms Messe Zürich |
288 |
|
2 900 |
|
288 |
|
|
|
|
|
|
|
|
Musical Theaters |
297 |
|
254 000 |
|
|
|
Musical Theater Basel |
166 |
|
116 000 |
|
|
|
Theater 11 Zürich |
131 |
|
138 000 |
|
|
1) Gross exhibition area in m 2
2) No. of days (without assembly/dismantling)
Live Marketing Solutions
|
2019 |
Projects |
in Switzerland |
abroad |
|
Live Marketing Solutions |
3 770 |
306 |
3 464 |
|
|
|
|
|
|
MCH Live Marketing Solutions AG |
420 |
306 |
114 |
|
MC 2 Group |
3 350 |
0 |
3 350 |
Derivation EBIT/EBITDA and reconciliation to the income statement before special measures
|
Derivation EBIT / EBITDA in CHF million |
2019 |
2018 |
|
Depreciation of tangible fixed assets |
–22.0 |
–182.8 |
|
Depreciation of intangible assets |
–2.5 |
–3.2 |
|
Depreciation of financial assets |
–0.3 |
–0.1 |
|
Total depreciation |
–24.8 |
–186.1 |
|
|
|
|
|
Total operating expenses |
–447.9 |
–704.9 |
|
Total depreciation |
–24.8 |
–186.1 |
|
Operating expenses before depreciation |
–423.1 |
–518.8 |
|
|
|
|
|
Total operating income |
445.2 |
522.8 |
|
Operating expenses before depreciation |
–423.1 |
–518.8 |
|
EBITDA |
22.1 |
4.0 |
|
Total depreciation |
–24.8 |
–186.1 |
|
EBIT (= Result) |
–2.7 |
–182.1 |
|
|
|
|
|
Reconciliation to the income statement before special measures in CHF million |
2019 |
2018 |
|
Total operating income |
445.2 |
522.8 |
|
Operating expenses before depreciation |
–423.1 |
–518.8 |
|
EBITDA |
22.1 |
4.0 |
|
Total depreciation |
–24.8 |
–186.1 |
|
EBIT (= Result) |
–2.7 |
–182.1 |
|
Result of associated organisations |
0.0 |
0.1 |
|
Financial result net |
–5.2 |
–7.1 |
|
Income tax |
–2.0 |
–1.3 |
|
Loss for the year |
–9.9 |
–190.4 |
|
|
|
|
|
Special measures in the expenses before depreciation |
–4.6 |
–24.5 |
|
Special measures in total depreciation |
–2.1 |
–148.3 |
|
Total special measures |
–6.7 |
–172.8 |
|
|
|
|
|
EBITDA before special measures |
26.7 |
28.5 |
|
|
|
|
|
EBIT (= Result) before special measures |
4.0 |
–9.3 |
|
|
|
|
|
Loss for the year before special measures |
–3.2 |
–17.6 |
|
|
|
|
|
Special measures in CHF million |
2019 |
2018 |
|
Special measures in personnel expenses |
–0.8 |
–4.6 |
|
Special measures in loss on sale of investments |
0.0 |
–17.8 |
|
Special measures in other operating expenses before depreciation |
–3.8 |
–2.1 |
|
Special measures in operating expenses before depreciation |
–4.6 |
–24.5 |
|
|
|
|
|
Special measures in total depreciation |
–2.1 |
–148.3 |
|
Special measures in total depreciation |
–2.1 |
–148.3 |
|
|
|
|
|
Total special measures |
–6.7 |
–172.8 |
In the framework of the transformation, costs for special measures of CHF 6.7 million (previous year CHF 172.8 million) were incurred in the reporting year. An amount of CHF 0.8 million (previous year CHF 4.6 million) was spent on personnel measures. In the previous year, subsidiary Winkler Livecom AG was sold. The operating expenditure also includes further once-only costs of CHF 3.8 million (previous year CHF 2.1 million), which are directly related to the transformation (including consultancy costs). The impairments of the previous year are essentially attributable to the value adjustments for the exhibition halls in Basel and Zurich. In the reporting year, impairment was recognised on intangible assets and one minority interest.
