Exhibitions: MCH Group with lower sales and profits
The trade fair company MCH Group has announced its annual results. Operating revenue fell from 333.3 million Swiss francs in the previous year to 283.2 million Swiss francs. The bottom line was a profit of 19.9 million Swiss francs. In the previous year, the company had posted a profit of 26.9 million Swiss francs.
In the event marketing, stand construction and event technology business, earnings fell by a whopping 30 percent. This is precisely why the company can be satisfied with the overall result, the company stated in a press release on Tuesday. The public exhibitions Baselworld, Art Basel and Art Basel Miami Beach have proved to be mainstays. The creation of authorized capital will once again be proposed to the Annual General Meeting. The reason for this is that the MCH Group has to make an equity contribution of CHF 40 million for the "Basel Exhibition Center" modernization project.
