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Highlight Event and Entertainment : 2018 Annual Report

04/25/2019 | 12:45pm EDT

EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s): Annual Results
2018 Annual Report

25-Apr-2019 / 18:40 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Group Development in fiscal year 2018

In fiscal year 2028, business of Highlight Event in Entertainment AG (HLEE Group) developed overall in line with expectations.

  • Consolidated sales increased by CHF 426.2 million to CHF 564.1 million (previous year: CHF 137.9 million). This considerable upturn is due to the fact that Highlight Communications AG was fully consolidated for over a twelve-month period for the first time (previous year: three months).
  • At CHF -0.5 million, EBIT was lower than in the previous year (CHF 10.8 million). This was driven primarily by necessary investments and project costs for the further development of the "World Boxing Super Series (WBSS)" platform. Consequently, consolidated net income declined from CHF 9.5 million to CHF -20.2 million and the consolidated net income attributable to shareholders declined from CHF 15.1 million to CHF -14.5 million. Alongside the lower EBIT, this was also due to higher financing costs.
  • As of December 31, 2018, equity totaled EUR 391.3 million - down EUR 120.4 million against December 31, 2017, which is essentially attributable to the increased shareholding in Highlight Communications AG.

Consolidated total assets were EUR 38.8 million higher than in the previous year at CHF 965.0 million (CHF 926.2 million).

Development of the operating segments in 2018

The Film segment achieved its targets in the fiscal year, whereby generating very pleasing results. Although the Constantin Film Group's distribution slate comprised only nine titles in 2018, one-third of those films attracted more than a million viewers each into German cinemas. Moreover, the theatrical success of "Fack Ju Göhte 3" continued in home entertainment exploitation. The title generated outstanding physical (DVD and Blu-ray) and digital (electronic sell-through) sales figures. In TV exploitation/license trading there were high financing proceeds from the international theatrical and TV productions "Polar" and "Shadowhunters" (season 3). Income from TV service productions remained at a consistently high level, thanks above all to the continuing strong performance of dailies, weeklies, fictional miniseries, and TV movies.

In the Sports- and Event-Marketing segment, the TEAM Group successfully concluded the marketing of the TV and sponsorship rights to the UEFA Champions League and the UEFA Europa League (for the 2018/19 to 2020/21 seasons in each case) in the past year. The performance targets agreed with UEFA were achieved, with the result that the TEAM agency agreement was automatically renewed for the 2021/22 to 2023/24 seasons.

The Sports segment at Constantin Medien AG continued to focus on optimizing its portfolio of rights, improving and creating new digital content and marketing environments in addition to cross-platform content exploitation, networking and capitalization in the reporting year.

Comosa AG successfully started the second season of the "World Boxing Super Series (WBSS)" platform including the new launch of a third weight class. These investments required higher project costs.

Also with regard to the further simplification of the Group structure, the HLEE Group is examining an optimization of its capital structure and additional financing options, which include among others the issuance of a corporate bond. Against this backdrop, the HLEE Group is considering to commission banks to contact potential investors.

The ordinary Annual General Meeting for fiscal year 2018 is expected to take place on June 21, 2019.

The detailed 2018 annual report is available at http://www.hlee.ch/Geschaeftsberichte.

HLEE Group at a glance    
Group figures according to IFRS      
in CHF million 2018 2017 Change in %
Sales 564.1 137.9 309.1
EBIT -0.5 10.8 -104.6
Net profit for the period -20.2 9.5 -312.6
Net profit attributable to shareholders -14.5 15.0 -196.7
Earnings per share (CHF) -1.70 3.98 -142.7
Segment sales      
Film 364.4 135.8 168.3
Sports- and Event-Marketing 63.7 15.1 321.9
Sports 133.1 12.8 939.8
Event Marketing 2.9 2.4 20.8
Segment earnings      
Film 12.1 2.5 384.0
Sports- and Event-Marketing 31.5 7.1 343.7
Sports -34.8 -23.6 -47.5
Event Marketing 0.9 0.6 50.0
in CHF million Dec. 31, 2018 Dec. 31, 2017 Change in %
Total assets 965.0 926.2 4.2
Equity 391.3 511.7 -23.5
Equity ratio (%) 40.5 55.2 -14.7 points
Current financial liabilities 189.7 93.7 102.5
Cash and cash equivalents 59.3 197.7 -70.0

Highlight Event and Entertainment AG
Investor Relations
Netzibodenstrasse 23b
4133 Pratteln, Switzerland
Tel.: +41 41 226 05 97
Fax: +41 41 226 05 98


End of ad hoc announcement
Language: English
Company: Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln
Phone: +41 41 226 05 97
Fax: +41 41 226 05 98
E-mail: info@hlee.ch
Internet: www.hlee.ch
ISIN: CH0003583256
Valor: 896040
Listed: SIX Swiss Exchange
EQS News ID: 803689

End of Announcement EQS Group News Service

803689  25-Apr-2019 CET/CEST


© EQS 2019
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Sales 2020 508 M 561 M 561 M
Net income 2020 -3,22 M -3,56 M -3,56 M
Net Debt 2020 257 M 284 M 284 M
P/E ratio 2020 -74,8x
Yield 2020 -
Capitalization 274 M 303 M 303 M
EV / Sales 2019 0,76x
EV / Sales 2020 1,00x
Nbr of Employees 1 344
Free-Float 19,6%
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Managers and Directors
Bernhard Burgener Chairman-Supervisory Board & CEO
Peter von Büren CFO & Executive Member-Supervisory Board
Sven Heller Non-Executive Member-Supervisory Board
Rolf Elgeti Non-Executive Member-Supervisory Board
Clive Ng Director