MCH Group Ltd.

Latest Results (23.03.2026):

MCH Group Ltd. — first half (H1) 2025 (covering Q1–Q2 2025): Revenues were CHF 222.4m (down CHF 14.1m vs H1 2024), while profitability improved after efficiency measures: EBITDA rose to CHF 18.9m (EBITDA margin 8.5%), EBIT was CHF 9.4m and profit attributable to shareholders was CHF 5.31m (up CHF 1.52m vs prior-year). Operating cash flow was positive (CHF 11.0m) and cash at period-end stood at CHF 58.94m. The group highlights strong event delivery (e.g., Eurovision Song Contest) and Art Basel expansion, and announced a post-period sale of the Effretikon property that will create a one‑off positive effect in H2 2025.

Financial headline

Operating income (total) CHF 222.476m in H1 2025 (H1 2024: CHF 236.601m). EBITDA CHF 18.870m (H1 2024: CHF 15.255m). EBIT CHF 9.402m (H1 2024: CHF 5.784m). Profit for the half-year attributable to shareholders CHF 5.31m (H1 2024: CHF 3.79m).

Profitability & margins

EBITDA margin improved to 8.5% (from 6.9% in H1 2024). EBIT margin rose to 4.2% (from 2.6%). Management attributes the margin uplift to operational efficiency measures and cost base reductions despite slightly lower revenue.

Cash flow and balance sheet

Operating cash inflow CHF 11.006m; net change in cash was negligible (-CHF 0.122m); cash and cash equivalents CHF 58.94m at 30.06.2025. Total assets CHF 371.100m and shareholders’ equity CHF 102.041m as of period end. Long-term financial liabilities ~CHF 125.8m.

Segments & geography

Reported operating income by division (pre-consolidation): Community Platforms CHF 117.941m; Experience Marketing CHF 135.917m; Group Functions & Consolidation net –CHF 31.382m. By market (third‑party sales): Switzerland 37.4%, Americas 35.7%, Asia/Pacific/Africa 22.3%.

Operational highlights

Major event delivery: Eurovision Song Contest 2025 in Basel (500k+ visits across sites) reinforced MCH’s live-event credentials. Art Basel continued global expansion (including launch plans for Art Basel Qatar). Experience Marketing businesses reported a strong first half with extensive project activity (MC² ~750 projects in H1, MCH Global and Expomobilia notable contributions).

Outlook & subsequent events

Management expects seasonality with H2 typically weaker; however, they anticipate improved full-year sales and profitability driven by ongoing transformation and the positive, but non-recurring, impact of the Effretikon real‑estate sale (contract signed 29 Aug 2025, post-period) which will boost H2 EBITDA and cash flow. They also note FX headwinds (weaker USD) may affect reported results.