The Highlight Group publishes results for first quarter of 2024
May 28, 2024 at 03:47 pm
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EQS-News: Highlight Communications AG
/ Key word(s): Quarterly / Interim Statement
The Highlight Group publishes results for first quarter of 2024
28.05.2024 / 16:45 CET/CEST
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
The Highlight Group publishes results for first quarter of 2024
The equity ratio is 25.5% (previous year: 26.8%).
Consolidated sales of CHF 78.7 million were CHF 2.4 million below the previous year’s figure
EBIT decreased to CHF -5.9 million (previous year: CHF -5.6 million).
Pratteln, May28,2024 – The Highlight Group’s consolidated revenue and EBIT developed as expected in the first quarter of 2024.
Group development in the first quarter of 2024
The sales decline was due to film production. At CHF 28.2 million, capitalized film production costs and other own work capitalized increased by CHF 2.5 million year-on-year.
Consolidated operating expenses remained almost at the previous year’s level and increased only slightly by CHF 0.7 million or 0.6% year-on-year to CHF 115.4 million.
As a result, EBIT amounted to CHF -5.9 million, compared to CHF -5.6 million in the same quarter of the previous year, and the consolidated net result for the period improved by CHF 1.2 million year-on-year from CHF -9.5 million to CHF -8.3 million.
At CHF 160.4 million, equity remained stable compared to the end of 2023.
The quarterly statement as of March 31, 2024 is available for download at www.highlight-communications.ch from today.
The Highlight Group at a glance
Group figures in line with IFRS
CHFmillion
Q12024
Q12023
Change in %
Sales
78.7
81.2
-3.0
EBIT
-5.9
-5.6
n/a
Consolidated net profit for the period
(after taxes)
-8.3
-9.5
n/a
Consolidated net profit attributable to shareholders
-8.3
-9.6
n/a
Earnings per share (in CHF)
-0.15
-0.17
n/a
Segment sales
Film
40.4
45.0
-10.2
Sports and Event
38.3
36.2
5.9
Segment earnings
Film
-1.7
1.1
n/a
Sports and Event
-3.1
-5.2
n/a
CHFmillion
March31,2024
Dec. 31, 2023
Change in %
Total assets
630.2
598.8
5.2
Equity
160.4
160.4
0.0
Equity ratio (%)
25.5
26.8
-1.3 points
Current financial liabilities
197.2
153.7
28.3
Cash and cash equivalents
32.9
25.5
29.0
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
28.05.2024 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.
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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.