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Press release | MCH Group | MCH Group prepares for the future
MCH Group AG /
Press release | MCH Group | MCH Group prepares for the future
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Source: Globenewswire
MCH Group prepares for the future
* Prioritization of strategic initiatives and investments
* Increase efficiency by pooling skills and the entire group
synergies
* Transformation into an integrated marketing experience company
The MCH Group is preparing the ground for the necessary stabilization of the
Society and a profound transformation, which is due to the fundamentals
Changes in the trade show and events sector are needed. She will finish
Year in addition to the already introduced austerity measures, other measures to reduce
cost, to focus strategic initiatives and investments
and to streamline the organization. It will be in the coming months
In addition, examine the company's strategy and be consistent with the future
Align market needs and customer needs.
"We must and want to turn our clbadical expertise into events in one
integrated experience marketing expertise in physics and digital
Developing zones ", says Hans-Kristian Hoejsgaard, since early September
2018 CEO iM Group. "This process is very demanding and will
take more time. Our big challenge is the
find the right balance between the necessary measures
Stabilization of the company and – despite the limited resources –
necessary investments in the future ".
The MCH Group is involved in strategic initiatives and investments
the following priorities:
Art Basel's global leadership position should be further strengthened by
the focus on existing shows, the continuation of Art Basel Cities and
development of other initiatives to inform on time
is. The Masterpiece London is expanding internationally, in a first
Probably not in Asia. Already for Baselworld 2019
Investments in a number of conceptual innovations have been made and
A new concept for Baselworld 2020 will be developed in cooperation with the exhibitor
Committees intensively promoted. The MCH Group organizes numerous events on the
Successful, market-oriented Swiss trade shows awaiting them
the company also wants to invest. In the Live Marketing Division
The solutions will be the skills and services in the field of
Further development of strategy and concept development. And finally, the
MCH Group also continued to invest in the development of its digital offerings
make.
The initiative to develop a portfolio of regional art fairs will be
not followed. The MCH Group intends to increase its participation in Art
Düsseldorf and the India Art Fair for sale. Until then, the fairs of
supported by the MCH Group in its current form. On the ad
Participation in the new SG type in Singapore has been lifted. The concept of
Grand Basel is checked, so it was decided to choose the
planned extension to Miami Beach at least in 2019. Also the
The potentials of different national fairs are badyzed, above their
The future will be decided in the coming months.
For the design and implementation of the entire transformation program,
an internal working group under the direction of CFO Beat Zwahlen used
Service. The focus will be on increasing the efficiency in the
Organizational structure put in place. Support functions and expertise
Pooled and shared at the group level, to create the corresponding synergies
use.
"The MCH Group is characterized by the great expertise of its employees
employees, as well as many high quality products and products
Services, "says Hans-Kristian Hoejsgaard. We want this
To make the most of the potential, we use the large number of largely autonomous benefits
Center merge into an integrated business group. We will become a
Develop a group-wide vision, define a group-wide strategy and this
then implement throughout the group of companies ".
Prioritization of the strategy and the investment as well as the initialized strategy
The restructuring and transformation program will affect the
Result in 2018 as well as on the 2019 budget, with the greatest possible
positive impact for the 2019 financial year.
The impacts can not be quantified for the moment. The MCH group
this will communicate as soon as the relevant information becomes available.
Media Advisory: November 2, 2018, 11:00 am to 12:30 pm (CET)
Hans-Kristian Hoejsgaard to the media for information on the contact below
available.
Media contact
MCH Group AG
Business Communications
Christian Jecker
+41 58 206 22 52
Online press release
Download the pdf:
http://hugin.info/134007/R/2223637/871484.pdf
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Source: MCH Group AG via GlobeNewswire
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