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HIGHLIGHT EVENT AND ENTERTAINMENT AG

(HLEE)
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Highlight Event and Entertainment AG: 2019 Annual Report

04/20/2020 | 11:55am EDT

EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s): Annual Results
Highlight Event and Entertainment AG: 2019 Annual Report

20-Apr-2020 / 17:50 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


2019 Annual Report

HLEE Group records significant growth in consolidated net profit in fiscal 2019

Business at Highlight Event and Entertainment AG developed successfully overall in 2019.

  • Consolidated net profit attributable to shareholders improved to CHF 7.2 million (previous year: CHF -14.5 million).
     
  • At CHF 32.5 million, EBIT was well above the previous year's level (CHF -0.5 million). In the previous year, there were investments, set-up and high project costs for the World Boxing Super Series (WBSS).
     
  • Earnings per share increased to CHF 0.84 (previous year: CHF -1.69).
     
  • Consolidated sales amounted to CHF 504.6 million.

At CHF 973.5 million, consolidated total assets were CHF 8.5 million higher than in the previous year (CHF 965.0 million).

Development of the operating segments in 2019

The Film segment achieved its targets in fiscal 2019. There were twelve in-house and co-productions in total in theatrical production, including the Bora Dagtekin comedy "Das perfekte Geheimnis" and "Kaiserschmarrndrama", the seventh big-screen adaptation of a Rita Falk novel. Home entertainment exploitation retained a strong market position thanks to a balanced portfolio, including theatrical successes such as "Der Fall Collini" and "Ostwind - Aris Ankunft". In free TV, sales were generated in particular by the start of initial licenses.

In the Sport- and Event-Marketing segment, the TEAM group successfully completed the development of commercial concepts and rights packages for the 2021/22 to 2023/24 cycle of the UEFA Champions League, the UEFA Europa League, and the new UEFA European Conference League in the reporting year. TEAM experienced a strong start to its sales operations on both the media and the sponsorship sides, closing several key deals early on.

In the reporting year, the Sports segment continued to focus on optimizing its portfolio of rights, improving existing digital content and creating new digital content for cross-platform exploitation. The World Boxing Super Series (WBSS) successfully held both the semifinals and the super lightweight final in London as well as the bantamweight final in Tokyo in 2019. The bantamweight final was named the Fight of the Year 2019 by many experts and specialist magazines.

The Annual General Meeting for fiscal 2019 is scheduled to take place on June 26, 2020.

The detailed 2019 annual report is available at https://www.hlee.ch/en/Interim-reports.htm.


The HLEE Group at a glance
   
Group figures in line with IFRS      
       
CHF million 2019 2018 Change in %
Sales 504.6 564.1 -10.5
EBIT 32.5 -0.5 n/a
Consolidated net profit for the period
(after taxes)
17.9 -20.2 n/a
Consolidated net profit attributable to shareholders 7.2 -14.5 n/a
Earnings per share (in CHF) 0.84 -1.70 n/a
Segment revenues      
Film 303.6 364.4 -16.7
Sports- and Event-Marketing 64.7 63.7 1.6
Sports 132.9 133.1 -0.2
Event Marketing 3.1 2.9 6.9
Segment earnings      
Film 16.3 12.1 34.7
Sports- and Event-Marketing 29.2 31.5 -7.3
Sports -10.0 -34.8 n/a
Event Marketing 1.1 0.9 22.2
       
CHF million Dec. 31, 2019 Dec. 31, 2018 Change in %
Total assets 973.5 965.0 0.9
Equity 360.4 391.3 -7.9
Equity ratio (%) 37.0 40.5 -3.5 points
Current financial liabilities 139.1 189.7 -26.6
Cash and cash equivalents 55.3 59.3 -6.7
 

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

info@hlee.ch
http://www.hlee.ch



End of ad hoc announcement
Language: English
Company: Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln
Switzerland
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: 1025339

 
End of Announcement EQS Group News Service

1025339  20-Apr-2020 CET/CEST

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© EQS 2020
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Financials
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