Supplement to the press release from 02.05.2022 - Highlight Group with positive sales and earnings growth in fiscal year 2021
May 25, 2022 at 12:32 pm EDT
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DGAP-News: Highlight Communications AG
/ Key word(s): Annual Results
Supplement to the press release from 02.05.2022 - Highlight Group with positive sales and earnings growth in fiscal year 2021
25.05.2022 / 18:30
The issuer is solely responsible for the content of this announcement.
Supplement to the press release from 02.05.2022
Highlight Group with positive sales and earnings growth in fiscal year 2021
Pratteln, May 25, 2022 ? The audited Annual Report 2021 is available for download as of today at www.highlight-communications.ch and replaces the preliminary version of the Annual Report published on May 2, which was still unaudited at that time but had been approved by the auditors.
There have been no changes to the already published consolidated income statement in the preliminary version subsequent to the audit.
In the consolidated statement of financial position, a foreign currency adjustment was made to the goodwill of Sport1 Medien AG (formerly Constantin Medien AG) from 2018 following the audit. This adjustment entry of CHF 14.1 million was charged to equity and resulted in a restatement of the previous year 2020. The amendments required for this restatement are described in detail in Note 2.3 on page 97 of this Annual Report. In accordance with the corrections made, the balances on the balance sheet items "Goodwill" and "Equity" had to be adjusted compared with the preliminary version published on May 2.
The Highlight Group at a glance
Group figures (IFRS)
CHF million
2021
2020
Change in %
Sales
508.2
414.6
22.6
EBIT
28.6
25.6
11.7
Consolidated net profit
(after taxes)
15.4
12.0
28.4
Net profit attributable to shareholders
14.8
12.2
21.5
Earnings per share (in CHF)
0.26
0.21
23.8
Segment revenue
Film
331.5
261.3
26.8
Sports- and Event-Marketing
68.4
61.5
11.2
Sports
108.3
91.8
18.1
Segment earnings
Film
15.9
13.3
19.6
Sports- and Event-Marketing
27.3
27.2
0.1
Sports
-7.7
-9.0
n/a
CHF million
Dec. 31, 2021
Dec. 31, 2020
(Restated)
Change in %
Total assets
674.5
652.2
3.5
Equity
196.1
198.0
1.0
Equity ratio (%)
29.1
30.4
-1.3 points
Financial liabilities
190.6
172.7
10.4
Cash and cash equivalents
48.3
48.2
0.3
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
25.05.2022 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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.