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HIGHLIGHT EVENT AND ENTERTAINMENT AG

(HLEE)
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Highlight Event and Entertainment : & Entertainment AG Partners with Nexway AG to Develop New Streaming and Edutainment Offers

06/29/2020 | 02:35pm EDT

EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s): Alliance
Highlight Event & Entertainment AG Partners with Nexway AG to Develop New Streaming and Edutainment Offers

29-Jun-2020 / 20:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Highlight Event & Entertainment AG Partners with Nexway AG to Develop New Streaming and Edutainment Offers


Highlight Event & Entertainment AG, listed in Switzerland under HLEE: SWX, and Nexway AG, a leading software and service company with a dominant market position in the German language academic market for software and other digital products, have entered a strategic business development partnership.

Details of the strategic partnership are to be drawn up by the management boards of both organizations. It is aimed to augment Highlight Event & Entertainment AG's existing offering with the global streaming capabilities on the back of Nexway's 20 years of experience in marketing and selling digital products in over 180 countries around the world, and to enable the asknet Academics business unit of Nexway AG to develop and launch an edutainment content offering for its customers (German academic institutions) and their personnel and students.

"Expanding into edutainment business is one of the pillars of the new strategy of Nexway AG and a strategic partnership with Highlight Event & Entertainment AG gives our company incredible competitive advantage in designing and rolling out edutainment offering for academic institutions in German language Europe and beyond", commented Christian Herkel, CEO of Nexway AG.

"The Partnership with Nexway AG helps to create new markets and new audience for our content franchises and brands, bringing them closer to younger generations of consumers and benefitting from the latest advances in the use of digital distribution technologies", commented Bernhard Burgener, the Chairman of Highlight Event & Entertainment AG.

About Nexway
Nexway AG (formerly asknet AG) is a leading procurement, e-commerce and payment specialist. The company offers software procurement and sales services for European academic institutions, students and alumni. The procurement portals offered by Nexway are used by more than 80% of German colleges and universities. The headquarter of Nexway AG is Karlsruhe. The company is listed on the Frankfurt Stock Exchange (NWAY, ISIN: DE000A2E3707).

About HLEE
Highlight Event & Entertainment AG (HLEE: SWX, ISIN: CH0003583256) is a sports-to-movies media business listed in Switzerland. The core business of the HLEE group companies is the positioning and development of brands. Through its affiliate, Highlight Communications AG, the segments Film, Sport-and Event-Marketing as well as Sport are integrated.

Contact Nexway AG
Jan Schulmeister (CFO)
+49(0)721/96458-0
investors@nexway-ag.com
www.nexway-ag.com

Contact HLEE AG
Investor Relations
+41 41 226 05 97
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: 1081807

 
End of Announcement EQS Group News Service

1081807  29-Jun-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1081807&application_name=news&site_id=zonebourse

© EQS 2020
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Financials
Sales 2020 508 M 552 M 552 M
Net income 2020 -3,22 M -3,50 M -3,50 M
Net Debt 2020 257 M 279 M 279 M
P/E ratio 2020 -74,8x
Yield 2020 -
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EV / Sales 2019 0,76x
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Nbr of Employees 1 344
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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