MCH Group: Special measures lead to a loss in the 2017 financial year
(WorldNews Switzerland)

For the 2017 financial year, the MCH Group is expecting a probable loss of CHF -110.0 million for the consolidated group result. This loss is due to special depreciations of CHF -102.3 million, brought about by a value adjustment for the exhibition buildings in Basel and also to special provisions of CHF -17.7 million for structural and organisational optimisations in the national exhibition and event business. A review of the valuation of the exhibition halls in Basel conducted for the 2017 financial statements revealed that a value adjustment is necessary on account of the downscaling of Baselworld 2018....