Annual accounts and consolidated financial statements for 2018 and auditors’ reports
The shareholders approved the consolidated financial statements of the Hapimag Group, the annual accounts of the parent company, Hapimag AG, and the auditors’ reports.
Resolution on the appropriation of the results of the 2018 annual accounts of Hapimag AG
The Annual General Meeting agreed that Hapimag AG’s 2018 net profit of CHF 12,315,962 be allocated to voluntary retained earnings.
Giatgen Peder Fontana commented: "After four successive profitable years, we can state that Hapimag is profitable and stable in the long term.”
CEO Hassan Kadbi also emphasised in his speech: "One thing is clear: Hapimag is on the right track. We can move forward with a tailwind. But it is also clear that changes need time and a positive attitude of everyone involved. We look forward to continuing our work in 2019 with energy, passion and determination."
Discharge of the members of the Board of Directors
The shareholders approved the discharge of the members of the Board of Directors in relation to financial year 2018.
Election of the President and the other members of the Board of Directors
The Annual General Meeting approved the proposal to keep the number of members of the Board of Directors for the forthcoming election period unchanged at five.
It also approved the re-election of Dr. iur. Giatgen Peder Fontana as the President of the Board of Directors. Lic. rer. pol. Kurt Scholl, Philipp Ries and Andreas Winiarski were re-elected to the Board of Directors for a term of office of two years.
The Annual General Meeting elected Dr. iur. Christine Hehli Hidber to the Board of Directors as a replacement for Dr. iur. Stefan Schalch, who stepped down from the Board of Directors at this year’s Annual General Meeting.
Giatgen Peder Fontana, President of the Board of Directors, said the following in relation to Dr. iur. Christine Hehli Hidber’s election: “In Christine Hehli Hidber, Hapimag has gained a high-profile and experienced lawyer with in-depth knowledge of the travel industry and the hospitality sector. I am very much looking forward to working together with her on the Board of Directors.”
Detailed CVs of all members of the Board of Directors are available at www.hapimag.com/board-of-directors.
Election of the auditors
The Annual General Meeting elected BDO AG as the new auditors for 2019.
Election of the members of the Audit Advisory Board
The following three shareholders were elected to the Audit Advisory Board, the creation of which was approved at the Annual General Meeting 2018, for a term of office of two years:
The “Tourism & hospitality and/or hotel industry” division: Ruth Steimann
The “Corporate governance & compliance” division: Karl-Heinz Buckel
The “Resort development & hospitality real estate management” division: Mirco Pietro Plozza
For more information, please contact:
Chief Marketing Officer & Mediensprecher
+41 (41) 767 82 02
Hapimag offers holidays to some 125,000 shareholders and members at around 60 destinations in 16 countries. Ever since Hapimag was established in 1963, its business model has been based on one simple idea: investing jointly for individual and sustainable use. Membership is a financially attractive and ecologically sound alternative to owning your own holiday apartment.