The year in brief

• Significant increase in operating income by plus 62.0 % to CHF 394.1 million and EBITDA by plus 65.8 % to CHF 14.0 million.

• First trimester 2022 still strongly impacted by Covid with double-digit loss of sales and earnings. Normalization of business performance as of the second trimester.

• Very successful staging of Art Basel in Basel and Miami Beach as well as Paris+ par Art Basel for the first time. Art Basel Hong Kong still impacted by Covid restrictions.

• Strong momentum in Experience Marketing towards the end of 2022 and in view of 2023, especially in the USA.

• Successful “exhibition autumn” in Switzerland and normalization of guest exhibition and congress business.

• Reduction of net loss to CHF 9.3 million.

• Successful capital increase with a net cash inflow of CHF 74.0 million.

Key consolidated figures at a glance

• Operating income: CHF 394.1 million (CHF 243.3 million)
• EBITDA: CHF 14.0 million (CHF 8.5 million)
• Equity: CHF 113.3 million/25.5 % (CHF 47.8 million/11.8 %)
• Loss for the year: CHF –9.3 million (CHF –17.3 million)
• Cash and cash equivalents: CHF 151.9 million (CHF 113.7 million)
• Net debt: CHF 84.6 million (CHF 132.7 million)