Highlight Group publishes results for the first quarter of 2023
May 31, 2023 at 03:31 pm
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EQS-News: Highlight Communications AG
/ Key word(s): Quarterly / Interim Statement
Highlight Group publishes results for the first quarter of 2023
31.05.2023 / 16:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
Highlight Group publishes results for the first quarter of 2023
The equity ratio is 28.2% (previous year: 29.3%).
At CHF 81.2 million, consolidated revenue was CHF 6.9 million below the previous year's figure
EBIT decreased to -5.6 million CHF (previous year -4.2 million CHF)
The Highlight Group’s consolidated revenue and EBIT developed as expected in the first quarter of 2023.
Group development in the first quarter of 2023
The decline in sales revenues resulted from foreign currency effects. At CHF 25.7 million, capitalized film productions and other own work capitalized were CHF 15.8 million higher than in the previous year.
As in the previous year, Group operating expenses increased by CHF 7.9 million or 7.4% to CHF 114.7 million due to production. Production costs in the Film segment were largely responsible for this.
As a result, EBIT amounted to CHF -5.6 million, compared to CHF -4.2 million in the same quarter of the previous year, and the net result for the period was CHF -9.5 million, compared to CHF -7.6 million in the same quarter of the previous year.
Equity decreased to CHF 177.6 million compared to CHF 186.0 million at year-end 2022.
The quarterly statement as of March 31, 2023 is available for download at www.highlight-communications.ch from today.
The Highlight Group at a glance
Group figures in line with IFRS
CHFmillion
Q1 2023
Q1 2022
Change in %
Sales
81.2
88.1
-7.9
EBIT
-5.6
-4.2
n/a
Consolidated net profit for the period
(after taxes)
-9.5
-7.6
n/a
Consolidated net profit attributable to shareholders
-9.6
-7.5
n/a
Earnings per share (in CHF)
-0.17
-0.13
n/a
Segment sales
Film
45.0
48.2
-6.6
Sports and Event
36.2
40.0
-9.4
Segment earnings
Film
1.1
0.8
40.2
Sports and Event
-5.2
-3.3
n/a
CHFmillion
March31,2023
Dec. 31, 2022
Change in %
Total assets
629.0
634.2
-0,8
Equity
177.6
186.0
-4,5
Equity ratio (%)
28.2
29.3
-1.1 points
Current financial liabilities
113.2
112.3
0.8
Cash and cash equivalents
34.0
29.9
13.6
For further information:
Highlight Communications AG
Investor Relations
Netzibodenstrasse 23b
4133 Pratteln BL, Switzerland
Tel: +41 (0) 61 816 96 91
e-mail: ir@hlcom.ch
31.05.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
Highlight Communications AG
Netzibodenstrasse 23b
4133 Pratteln
Switzerland
Phone:
+41 61 816 96 96
Fax:
+41 61 816 67 67
E-mail:
ir@hlcom.ch
Internet:
www.hlcom.ch
ISIN:
CH0006539198
WKN:
920299
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
Highlight Communications AG is a Switzerland-based holding company engaged in the entertainment production. The Companyâs business is divided into two segments. The Film segment is engaged in the production, exploitation and distribution of films and film licenses, from cinema to video, digital versatile disc (DVD) and television broadcasting. The Sports and Event Marketing segment commercializes the licensing, marketing and sponsorship rights for the UEFA European championships, as well as for the Eurovision Song Contest and the Vienna Philharmonic Orchestra. The Company's subsidiaries include Constatin Film AG, Highlight Communications (Deutschland) GmbH, Rainbow Home Entertainment AG, Rainbow Home Entertainment GmbH, TEAM Television Event and Media Marketing AG and Team Football Marketing AG, among others.