Highlight Communications : Group enjoys positive first quarter of 2021
May 27, 2021 at 11:01 am EDT
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DGAP-News: Highlight Communications AG
/ Key word(s): Quarterly / Interim Statement
Highlight Group enjoys positive first quarter of 2021
27.05.2021 / 17:00
The issuer is solely responsible for the content of this announcement.
Highlight Group enjoys positive first quarter of 2021
Consolidated revenue up CHF 17.2 million to CHF 106.5 million
EBIT rises by CHF 0.1 million year-on-year to CHF 1.3 million
Consolidated net profit down CHF 1.0 million year-on-year to CHF -2.1 million due to currency effects
The Highlight Group's consolidated revenue and EBIT developed positively in the first quarter of 2021.
Group development in the first quarter of 2021
At CHF 106.5 million, consolidated revenue was up CHF 17.2 million on the figure for the first quarter of 2020. The growth was primarily due to higher sales in the Film segment, whereas sales in the Sport- and Event-Marketing segment were up slightly and sales in the Sport segment were down on the same period of the previous year.
The increase in the external revenue of the Sports- and Event-Marketing segment is primarily due to currency effects.
Despite higher consolidated operating expenses, EBIT increased to CHF 1.3 million (previous year: CHF 1.2 million).
Consolidated net profit declined by CHF 1.0 million to CHF -2.1 million in total. Earnings of CHF -1.9 million were attributable to Highlight's shareholders (previous year: CHF -0.9 million), translating into earnings per share of CHF -0.03 (previous year: CHF -0.02).
At CHF 207.3 million, consolidated equity was almost unchanged compared with the end of 2020.
The global coronavirus pandemic will remain a key issue beyond the first quarter of 2021. The Board of Directors is continuously monitoring the situation and has already taken corresponding measures. ?
The quarterly statement as of March 31, 2021 is available for download at www.highlight-communications.ch from today.
The Highlight Group at a glance
Group figures in line with IFRS
CHF million
Q1 2021
Q1 2020
Change in %
Sales
106.5
89.3
19.3
EBIT
1.3
1.2
6.9
Consolidated net profit for the period
(after taxes)
-2.1
-1.1
n/a
Consolidated net profit attributable to shareholders
-1.9
-0.9
n/a
Earnings per share (in CHF)
-0.03
-0.02
n/a
Segment sales
Film
67.9
48.1
41.2
Sports- and Event-Marketing
16.9
16.2
3.1
Sports
21.8
25.0
-12.8
Segment earnings
Film
3.3
0.4
n/a
Sports- and Event-Marketing
8.0
7.8
3.1
Sports
-8.5
-5.2
n/a
CHF million
March 31, 2021
Dec. 31, 2020
Change in %
Total assets
663.4
661.3
0.3
Equity
207.3
207.0
0.1
Equity ratio (%)
31.2
31.3
-0.1 points
Current financial liabilities
83.5
69.4
20.2
Cash and cash equivalents
66.3
48.2
37.6
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
27.05.2021 Dissemination of a Corporate News, transmitted by DGAP - 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 Company's 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.