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MCH Group AG: Media Release | MCH Group | Result 2014

MCH Group AG / Media Release | MCH Group | Result 2014. Processed and
transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
MCH Group: Gratifying result in the cyclically strong exhibition year of 2014

* Operating income CHF 449.4 million Sales slightly below the exceptional
2013 business year, but significantly above the comparable business year of
* Group profit CHF 32.8 million Increased profit and profitability compared
with the 2013 and 2012 business years.
* Balance sheet further strengthened Equity ratio increased to 43.4% and net
debt reduced by CHF 67 million.

The MCH Group with its head office in Basel, which takes in MCH Messe Basel,
MCH Messe Zürich, MCH Beaulieu Lausanne and a number of event services
companies, is reporting a good result once again. With operating income of
CHF 449.4 million, the consolidated income statement for 2014 shows an EBITDA
of CHF 84.9 million (18.9 % of the operating income) and a group profit of
CHF 32.8 million (7.3 % of the operating income). Although operating income
is 4.9 % down on the exceptional 2013 business year, it is 15.2 % above the
2012 business year which is comparable in terms of exhibition cycles. The
EBIDTA was increased by 6.1 % and 31.4 % respectively compared with the
previous two years. The group profit is 7.5 % above the 2013 business year
and 19.7 % above the 2012 business year.

The consolidated total assets at the end of the reporting year are CHF 877.6
million with liabilities of CHF 496.3 million and shareholders' equity of CHF
381.3 million. The equity ratio was increased to 43.4 % (previous year 38.3
%). Investments totalling CHF 19.0 million were made in fixed assets during
the reporting year. A gratifying free cash flow enabled the net debt (short
and long-term loans minus cash and cash equivalents) to be reduced to CHF
155.3 million (previous year CHF 222.3 million).

In the course of the 2014 business year, the price of the MCH Group Ltd.'s
registered shares rose 8.8 % from CHF 59.55 to CHF 64.80.

In the light of the factors that affected the result for 2014, the development
in the operating income and the group profit by comparison with the previous
years can be regarded as highly gratifying. In addition to the exhibition
schedule - including Swissbau which is only held every two years - the MCH
Group once again benefited from special effects in conjunction with the
Baselworld Watch and Jewellery Show in the 2014 reporting year, although not
to the same extent as in the exceptional previous year. Added to this came
the acquisition of the remaining 40 % of Asian Art Fairs Limited. On the
negative side, the depreciation and financing outlay for the new Messe Basel
exhibition complex had an impact over the full year for the first time. The
2014 accounts also contain provisions of CHF 3 million for the necessary
restructuring at the Lausanne location.

In view of the weak exhibition cycle (no Swissbau, none of the exhibitions
held every three years) the MCH Group expects sales and profits for the
current 2015 business year to be substantially lower than for 2014.

Motions to the General Meeting

The Board of Directors will submit a proposal to the General Meeting on 4 May
2015 for the payment of a dividend of 5%.

The Board of Directors will submit a proposal to the General meeting for
Rolando Benedick, René C. Jäggi, Dr. Karin Lenzlinger Diedenhofen, Dr. Ulrich
Vischer and Martin Vollenwyder to be confirmed in office as members of the
Board of Directors for a further term of one year. The Board will similarly
propose to the General Meeting that Dr. Ulrich Vischer be confirmed in office
as Chairman of the Board of Directors for a further year.

Sustainability report

In conjunction with the Business Report 2014, the MCH Group is publishing a
Sustainability Report for the second time, in compliance with the guidelines
of the "Global Reporting Initiative" (GRI).

Business Report 2014 (Annual Report, Financial Report, Remuneration Report)
and Sustainability Report 2014:

Media release:

The documents for the General Meeting on 4 May 2015 will be sent out and
published on 9 April 2015.

MCH Group Ltd.
Corporate Communications
Christian Jecker
+41 58 206 22 52

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: MCH Group AG via Globenewswire


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