Media Release | MCH Group | First-half result 2019


First-half result 2019 reflects the necessary realignment

  • First half of 2019 compared with the previous year: decline in operative income and group result due to exhibition cycles, Baselworld and structural measures.
  • Initial positive effects of the restructuring measures, transformation process being intensively pursued.
  • Expectation for 2019: loss announced on operating activities, without extraordinary expenditure, of the same order of magnitude as for 2018, group result considerably better than for the previous two years.

The consolidated first-half result for the reporting period from 1 January to 30 June 2019 is, as expected, considerably below the comparable figures for the first half of the previous year. This is due primarily to the weaker exhibition cycle with no Swissbau, the declines in Baselworld and structural changes, including the sale of Winkler Livecom AG. The restructuring process initiated in 2018 and continued in the first half of 2019 is having its first positive effects.

Income statement and balance sheet

Consolidated operating income for the reporting period from 1 January to 30 June 2019 totals CHF 272.1 million. This is 23.7% below the first six months of the previous year (CHF 356.6 million). The operating expenses of CHF 252.7 million has fallen by 16.7% compared with the previous year (CHF 303.2 million). The operating result is CHF 3.1 million (CHF 25.7 million). The group result shows a loss of CHF -1.0 million (previous year a profit of CHF 21.5 million).

The balance sheet total as per 30 June 2019 is CHF 458.0 million (as of 31 December 2018, CHF 498.2 million), comprising current assets of CHF 227.2 million and non-current assets of CHF 230.8 million. The liabilities and shareholders' equity side shows liabilities of CHF 401.6 million and shareholders’ equity of CHF 56.4 million. The equity ratio is 12.3 % (as of 31 December 2018, 11.4 %). During the reporting period, cash and cash equivalents declined from CHF 129.5 million to CHF 115.5 million.

Transformation process

The transformation process launched in summer 2018 has been pursued intensively over the first half of 2019. The Board of Directors has deployed a Strategy Committee which, under the leadership of Hans-Kristian Hoejsgaard, is working in close cooperation with the Executive Board and with the support of external specialists to define the future business areas together with their strategy and organisational structure. This process is scheduled for completion by the end of 2019 so that a start can be made on implementation at the beginning of 2020.

The transformation process is well on track and has reached an advanced stage. On 19 September 2019, the MCH Group will provide key information on the future strategic alignment of the company.


In view of the seasonal fluctuations in the event calendar and the summer months when no events are staged, it is impossible to extrapolate the half-year result on a linear basis and draw conclusions regarding the expected result for the year as a whole. The second half of 2019 will be weaker than the first half, but with Igeho, which is staged every two years, and Ilmac and Holz, staged every three years, the result will be above the second half of 2018. The savings measures already introduced and the streamlining of the exhibition portfolio will serve to reduce costs.

As already announced, the MCH Group is expecting a further loss in operating activities and further restructuring costs in the 2019 business year. The MCH Group is expecting a loss on operating activities, without extraordinary expenditure, of the same order of magnitude as for 2018. No figures can be put on the restructuring costs and the corresponding extraordinary expenditure as yet, since the restructuring process is still ongoing. No further value adjustments are expected for the exhibition buildings, which is why the group result will be considerably better than for the two previous years.

Media contact
MCH Group
Corporate Communications
Christian Jecker
+41 58 206 22 52

Half-year result

Media release

About GlobeNewswire

One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Auriant Mining:s delårsrapport för Q1 2020 och online-konferens den 29 maj 202025.5.2020 12:05:44 CESTPressemelding

Auriant Mining AB har nöjet att meddela att Bolagets delårsrapport för Q1 2020 kommer att publiceras på fredagen den 29 maj. Detta kommer att följas av en interaktiv webcast för analytiker och investerare med vd Sergey Ustimenko som kommer att presentera Auriant Mining:s resultat för Q1 2020 samt med en möjlighet att ställa frågor. Evenemanget börjar kl. 13:00 CET (13:00 Stockholm, 14:00 Moskva, 12:00 London). De som vill få en e-postpåminnelse en timme innan evenemanget kan registrera sig genom länken eller öppna följande länk direkt för att delta i online-konferensen fredagen den 29 maj: Link to register on Q1 2020 Interim Report Online Conference För mer information, vänligen kontakta: Sergey Ustimenko, VD Tel: +7 495 109 02 82 E-post: Företagsnamn: Auriant Mining AB Kortnamn: AUR ISIN-kod: SE0001337213 Website: Auriant Mining AB (AUR) är ett svenskt gruvbolag med inriktning på prospektering och guldprodukt

Auriant Mining Q1 2020 Interim Report and Online Conference, May 29th 202025.5.2020 12:05:44 CESTPress release

Auriant Mining AB is pleased to announce that the Company’s Q1 2020 interim report will be published on Friday, May 29th. This will be followed by an interactive webcast for analysts and investors with the CEO, Sergey Ustimenko who will be presenting Auriant Mining’s Q1 2020 results as well as hosting a Q&A session. The event will begin at 13:00 CET (13:00 Stockholm, 14:00 Moscow, 12:00 London). Those who wish to receive an email reminder an hour before the event can pre-register using the link or open the link directly to participate in Online Conference on Friday, May 29th: Link to register on Q1 2020 Interim Report Online Conference For more information, please contact: Sergey Ustimenko, CEO Tel: +7 495 109 02 82 E-mail: Company name: Auriant Mining AB Short name: AUR ISIN-code: SE0001337213 Website: Auriant Mining AB (AUR) is a Swedish junior mining company focused on gold exploration and production in Rus

Ress Life Investments AS Half-Year Report – 1 October 2019 – 31 March 202025.5.2020 11:21:09 CESTPress release

Corporate Announcement no. 20/2020: Half-Year Report 1 October 2019 – 31 March 2020 Copenhagen, 25 May 2020 The Board of Directors and Management have today discussed and approved the Half-Year Report of Ress Life Investments A/S for the period 1 October 2019 – 31 March 2020: Ress Life Investments A/S realised a net profit before and after tax of USD 3,638,925 for the period 1 October 2019 – 31 March 2020. The net profit for the period corresponds to a net return on equity of 1.99%, earnings per share at 40.60 and an increase in net asset value of USD 42.01 per share.The increase in profit before tax mainly relates to positive fair value adjustments offset by administrative expenses and staff costs.The fair value of the Company’s investment assets increased from USD 118,791,752 at 30 September 2019 to USD 159,631,723 at 31 March 2020.Equity stands at USD 182,699,386 as of 31 March 2020, corresponding to a net asset value of USD 1,960 per share compared with a net asset value of USD 1,9

Prosafe SE: Notice of Change to financial calendar25.5.2020 10:54:58 CESTPress release

Due to a change in the timing of the Board meeting, the Q1 2020 results will be published on 26 May 2020 at about 01.30 p.m. CEST, which is one day earlier than originally announced. The Q1 2020 report and the Q1 2020 presentation will be published on and on Prosafe’s website Jesper Kragh Andresen, CEO and Stig H. Christiansen, Deputy CEO & CFO will on 27 May 2020 at 10:00 a.m. CEST host an audio webcast. The webcast can be followed at It will be possible to ask questions during the presentation by using the Q&A tool embedded in the audio webcast. A replay of the audio webcast will be made available at shortly after. Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to Stavanger, 25 May 2020 Prosafe SE For further information, please contact: Jesper K. Andresen, CEO Phone

SEK CREDIT OPERATION ANNOUNCEMENT 2020-05-2525.5.2020 10:30:00 CESTPress release

SEK CREDIT OPERATION ANNOUNCEMENT 2020-05-25 Transaction type:SEK CreditTender date:2020-05-25Time for submission of bids:11.00-11.30 (CEST)Payment date:2020-05-25 (at 3 pm)Maturity date:2020-08-25Duration:92 daysOffered volume:UnlimitedLowest accepted bid volumeSEK 50 millionMaximum number of bids from each participant: 1RateRepo rate + 0,20 percentage points All monetary counterparties are invited to submit volume bids to the Riksbank, tel + 46 8 6966970 by 11.30 am on May 25, 2020. Confirmation of bids to e-mail: Result of the auction will be published at 11.45 (CEST) Complete terms and conditions can be retrieved at