Professional Documents
Culture Documents
facebook.com/ecolehotelieredelausanne
youtube.com/user/ehlpublications
instagram.com/ecolehotelieredelausanne
linkedin.com/company/ecole-hoteliere-de-lausanne
MICHEL ROCHAT
Chief Executive Officer
1
2015: A YEAR IN REVIEW
July
January
Looking ahead for excellence at SSTH
Announcing a new EHL Group A preparatory year was introduced at the school in Passugg for foreign students,
2015 was marked by the implementation of the EHL (holding) SA enabling them to undertake a Swiss Professional Degree in Hospitality Management.
and subsidiaries.
April
4th edition of TEDxEHL
With the theme Feed your
Brain, the event welcomed
200 visitors for a day of
conferences. Student
volunteers facilitated the visit
of distinguished speakers to
spread new ideas at EHL.
March
6th edition of the Young Hoteliers Summit
Fully organized by students, YHS brought together delegates from 31 schools for a three-day conference
May
with high-profile speakers, on the theme of hospitality in the sharing economy. EHL Chef publishes first book
Fabien Pairon, Senior Lecturer
at EHL and Meilleur Ouvrier de
France, shares his passion in
Douceurs charcutires, an
instructive and creative piece
on charcuterie.
June
Students raise funds for charity
The Student Social Responsibility Committee organized
a Holi Festival a Hindu tradition known as the festival of
colors, with 100% of profits (CHF 10,000) donated to a clean
water organization.
2 3
2015: A YEAR IN REVIEW
September
A new Masters degree on three continents Improvements to the Lausanne Campus December
EHL welcomed the first 28 students from 19 New classrooms, offices and study areas for student,
Hyatt Student Prize
nationalities admitted to the new Master of Science teachers and staff were made available for the
Rubina Insam, MSc in Global
HES-SO in Global Hospitality Business. September intake.
Hospitality Business student
at EHL, received this award
from Hyatt celebrating the
most talented student of the
international hospitality industry.
November
Partnership with Cambodian school
October We signed a two-year Memorandum of Understanding with the Ecole dhtellerie et de tourisme
Paul Dubrule in Siem Reap, Cambodia, as part of EHLs ongoing CSR activities.
Unveiling our future campus
We presented our Campus EHL Alumni Awards
Development project, The prize of Alumnus of the Year was presented to Mr. Philipp Mosimann (EHL 2000), while Mercedes
materialized in a remarkable Assal Poget (EHL 1999) was named Entrepreneur of the Year.
manner in line with the slogan
A campus for students,
designed by students.
4 5
FINANCIAL SITUATION INCOME STATEMENT (KCHF) 2015 2014
2015, a year of tremendous change
Operating income 99,344 90,609
Income from subsidies 790 1,375
Use of funds 2,877 1,857
TOTAL OPERATING INCOME 103,011 93,841
Allocated to:
parent company 981 941
minority interests 202 -98
1,183 843
2015 was, as planned and forecasted, the end of a first period of tremendous change in the organization and its
business model. EHL changed its administrative and legal tax structure and became EHL Group, together with
entities such as Lausanne Hospitality Consulting and the Swiss School of Hospitality and Tourism (SSTH); and the
school in Lausanne hosted the last annual-only promotion for the Bachelor program, which graduated in July.
Today EHL welcomes two graduating promotions per year, as well as an increasing number of students in the
upgraded Bachelor and Master programs. These main evolutions, along with major changes in financial methods
including efficiency-seeking, budget processes, strategic financial planning, internal controls and processes
management, resulted in the following consequences:
A cceleration of sales growth of more than 9.8% in 2015 vs. 2014;
Growth of global expenses, under control, of more than 7% in 2015 vs. 2014;
- Salaries and wages increased by more than 3.5%. It remains the first line of expenses mixing direct, indirect and
administrative costs. Most of these were dedicated to the support of education, research and program development.
-O ther expenses growth exceeded 14.5%, including the delivery of more than 4,500 square meters of new
facilities for students and professors, and the development of the Marketing function.
As a consequence, an operating result multiplied by four; and
A n optimized tax charge, for the first time after tax status was newly negotiated in 2013-2014, then implemented
in 2015, of 2,453 KCHF.
FABIEN GUIMTRANDY
Chief Financial Officer
6 7
BALANCE SHEET - ASSETS (KCHF) 2015 2014 BALANCE SHEET - LIABILITIES (KCHF) 2015 2014
Intangibles grew significantly due to the implementation of strategic and transverse projects with regard, for instance, Minority interests 1,775 1,236
to IT and processes, which contributed to strengthening the newly established integrated management system. TOTAL EQUITY 96,900 34,671
Short-term liabilities remained quite stable, reflecting growth in terms of students and the impact of the gap between
the accounting year (January to December) and the operative-academic one (September to August).
Long-term liabilities increased by an average of +8,700 KCHF, dedicated to the buildings and facilities delivered in
September 2015 and after, while Short term decreased as a consequence of mortgage loans reimbursement.
Equity grew thanks to the effect of the asset valuation update and the result capitalized. Minority interests were
generated by EHL Groups consulting and vocational education entities.
8 9
2015 CASH FLOW (KCHF) 2015 2014
Interest received - 83
Interest paid -1,508 -1,297
Cash generation from operations was stable in 2015 (+16,000 KCHF), while capital expenditure decreased (-9,343
KCHF), in line with the end of the first phase of investments in new facilities and real estate.
Mortgage debtsrepresenting 100% of long-term debts, except the part with a 12-month period and less maturity
were met with a light increase (+3,647 KCHF), demonstrating EHL Groups growth capacity and its ability to finance a
certain level of investments on its own (23,415 KCHF).
10 11
2015 BOARD MEMBERS
PIERRE-ANDR MICHOUD, Vice-President and Owner, Htel du Thtre, Yverdon RAYMOND BICKSON, Principal & CEO, Bickson Hospitality Group
CHRISTOPHER W. NORTON, Executive Vice President, Global Product & Operations, Four Seasons Hotels and Resorts JEAN-CLAUDE BIVER, Chairman, Hublot
CHANTAL OSTORERO, Superior General Director, Vaud Canton BERNHARD BOHNENBERGER, President, Six Senses Hotels Resorts Spas
OSCAR TOSATO, Municipal Counselor, Lausanne, Department of childhood, youth and social cohesion SVEN BOINET, Deputy CEO, AccorHotels
LUCIANA VACCARO, Director, HES-SO PETER C. BORER, COO, The HongKong and Shanghai Hotels
DAVID BOSSHART, CEO, Gottlieb Duttweiler Institute
PATRICK CANDRIAN, Former Chief Commercial Officer, Flughafen Zrich
CEO: Prof. MICHEL ROCHAT WOLFGANG NEUMANN, President & CEO, The Rezidor Hotel Group
CHRISTOPHER NORTON, President, Global Product & Operations, Four Seasons Hotels and Resorts
Members: VIKRAM OBEROI, COO and Joint Managing Director, Oberoi Hotels & Resorts
JEAN-GABRIEL PRS, President & CEO, Mvenpick Hotels and Resorts
FABIEN FRESNEL, Chief Academic Officer
STEPHEN RUSHMORE Founder, HVS
PASCAL GAUTHIER, Chief Human Resources Officer
ANDREAS G. SCHMID, Chairman, Gategroup / Davidoff
FABIEN GUIMTRANDY, Chief Financial Officer
BRUNO H. SCHOEPFER, Managing Director, Katara Hospitality Switzerland
MAXIME MEDINA, General Secretary
JONATHAN STENT-TORRIANI, CEO & Co Owner, Newrest
OLIVIER ROUX, Chief Marketing & Communications Officer
DOMINIQUE TURPIN, President, IMD Lausanne
RMI WALBAUM, Chief Innovation and Infrastructure Officer
SIMON VINCENT, Executive Vice President, Hilton Worldwide & President EMEA
MICHAEL P. WALE, President, Starwood Hotels & Resorts EMEA
HANS WIEDEMANN, Managing Director & Delegate of the Board, Badrutts Palace Hotel
12 13