Highlight Group publishes results for the first half of 2023
August 30, 2023 at 10:02 am EDT
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EQS-News: Highlight Communications AG
/ Key word(s): Half Year Report
Highlight Group publishes results for the first half of 2023
30.08.2023 / 16:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Highlight Group publishes results for the first half of 2023
Consolidated sales amounted to CHF 186.3 million (previous year: CHF 268.2 million).
The equity ratio amounts to 26.8 % (December 31, 2022: 29.3 %).
EBIT decreased to CHF -10.4 million (previous year CHF -3.7 million).
Pratteln, August 30, 2023 - Consolidated sales and operating result of the Highlight Group developed as expected by the company in the first half of 2023.
Group development in the first half of 2023
At CHF 186.3 million, consolidated sales were 30.5% below the figure for the same period of the previous year.
In the first half of 2023, revenues in both the Film segment and the Sports and Event segment decreased compared to the first half of 2022.
The Film segment recorded a decrease of CHF 77.7 million due to production, while sales in the Sports and Event segment were CHF 4.2 million lower than in the same period of the previous year due to foreign currency effects.
As a result, the EBIT was CHF -10.4 million (previous year CHF -3.7 million).
The Highlight Group's financial position remains solid as of June 30, 2023:
The Group's equity ratio is at 26.8 % (December 31, 2022: 29.3 %).
The interim report as of June 30, 2023 is available for download at www.highlight-communications.ch from today.
The Highlight Group at a glance
Disclosures for the Group in accordance with IFRS
in CHF million
Jan. 1 to Jun. 30, 2023
Jan. 1 to Jun. 30, 2022
Change in %
Sales
186.3
268.2
-30.5
EBIT
-10.4
-3.7
n/a
Consolidated net profit (after taxes)
-18.8
-10.7
n/a
Net profit attributable to shareholders
-19.1
-10.6
n/a
Earnings per share (CHF)
-0.34
-0.19
n/a
Segment sales
Film
111.6
189.3
-41.0
Sports and Event
74.7
78.9
-5.3
Segment earnings
Film
1.6
3.6
n/a
Sports and Event
-8.9
-4.2
n/a
in CHF million
Jun. 30, 2023
Dec. 31, 2022
Change in %
Total assets
612.2
634.2
-3.5
Equity
164.0
186.0
-11.9
Equity ratio (%)
26.8
29.3
-2.5 points
Current financial liabilities
220.5
112.3
n/a
Cash and cash equivalents
18.2
29.9
n/a
For further information:
Highlight Communications AG
Investor Relations
Netzibodenstrasse 23b
CH-4133 Pratteln BL
Tel: +41 (0)61 816 96 91
E-mail: ir@hlcom.ch
30.08.2023 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.
HIGHLIGHT COMMUNICATIONS AG 
