Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

HIGHLIGHT EVENT AND ENTERTAINMENT AG

(HLEE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Highlight Event and Entertainment : Half-Year Report 2020 - Highlight Event and Entertainment AG delivers significant improvement in results

08/13/2020 | 12:00pm EDT

EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s): Half Year Results
Half-Year Report 2020 - Highlight Event and Entertainment AG delivers significant improvement in results

13-Aug-2020 / 18:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Half-Year Report 2020

Highlight Event and Entertainment AG delivers significant improvement in results

Highlight Event and Entertainment AG, an international leader in the areas of film, sport and event marketing, and sport, which is listed on SIX and is headquartered in Pratteln (Switzerland), closed the first half of fiscal 2020 with significant improvements in its results. Although the impacts of the Covid-19 pandemic led to a 26.9% reduction in consolidated sales to CHF 172 million, the Group was able to improve its EBIT from CHF 6.4 million in the prior-year period to CHF 11.0 million in the reporting period as a result of its strict cost management and lean structures. Consolidated net profit also increased significantly to CHF 1.1 million in the first half of 2020, compared to
CHF -12.6 million in the prior-year period.

With a -30.4% decrease in sales to CHF 98.0 million, the Film segment was very severely impacted by Covid-19. The pandemic primarily affected sales in the area of theatrical distribution and service productions, which were largely suspended. The digital forms of distribution (productions for Netflix, Amazon, E-Disney, etc.) saw further growth. The importance of this sub-segment has increased significantly as a result of changes in media consumption. Accordingly, the traditional home entertainment market (DVD and Blu-ray) continued to experience declines.

While the Sport- and Event-Marketing segment (marketing of major international sporting events) saw a slight reduction in sales - which fell by CHF 1.7 million to CHF 31.2 million - due to currency translation effects, the Sport segment (primarily the Sport 1 Group) recorded a -28.2% decrease in sales to CHF 43.2 million. This decline was mainly attributable to falling advertising revenues following the cancellation of sporting events due to Covid-19.

In this operating environment shaped by the corona crisis, Highlight Event and Entertainment AG delivered an extraordinary performance in terms of income generation, with EBIT rising by CHF 17.4 million from CHF -6.4 million in the prior-year period to CHF 11.0 million. This significant improvement was mainly driven by the Film segment, which contributed CHF 8.8 million to the result in the first half of 2020 after posting a loss of CHF -2.5 million in the prior-year period. This development primarily reflected lower costs - especially due to the corona-related cancellation or interruption of film and TV service productions.

Consolidated net profit of CHF 1.1 million increased significantly compared to the figure of CHF -12.6 million for the prior-year period. Consolidated net profit attributable to HLEE shareholders totaled CHF 0.4 million (prior-year period: CHF -5.8 million), corresponding to earnings per share of CHF 0.05 (prior-year period: CHF -0.68).

At CHF 357.9 million, equity declined by CHF 2.5 million compared to the end of 2019, partly reflecting currency translation effects.

Bernhard Burgener, President and Delegate of the Board of the HLEE Group, commented:
"As a result of its rapid and decisive actions, the HLEE Group has done an excellent job so far in overcoming the impacts of the corona pandemic. Thanks to its decentralized management structures, the Group was able to find and successfully implement optimal solutions for every segment."

The detailed Half-Year Report 2020 is available at: https://www.hlee.ch/en/Interim-reports.htm

Contact:
Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln

Tel.: +41 41 226 05 97

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

 

The HLEE Group at a glance    
Group figures according to IFRS    
       
CHF million 1H/2020 1H/2019 Change in %
Sales 172.3 235.8 -26.9
EBIT 11.0 -6.4 n/a
Consolidated net profit (after tax) 1.1 -12.6 n/a
Consolidated net profit attributable to shareholders 0.4 -5.8 n/a
Earnings per share (in CHF) 0.05 -0.68 n/a
Segment revenues      
Film 98.0 140.9 -30.4
Sport- and Event-Marketing 31.2 32.9 -5.2
Sport 43.2 60.2 -28.2
Event Marketing   1.7  
Segment earnings      
Film 8.8 -2.5 n/a
Sport- and Event-Marketing 14.7 16.2 -9.3
Sport -10.3 -18.8 n/a
Event Marketing   0.4  
       
CHF million 30.6.2020 31.12.2019 Change in %
Total assets 942.0 973.5 -3.2
Equity 357.9 360.4 -0.7
Equity ratio (%) 37.9 37.0 0.9 points
Current financial liabilities 164.3 139.1 18.1
Cash and cash equivalents 39.0 55.3 -29.4
       
 


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: 1117907

 
End of Announcement EQS Group News Service

1117907  13-Aug-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1117907&application_name=news&site_id=zonebourse_sftp

© EQS 2020
All news about HIGHLIGHT EVENT AND ENTERTAINMENT AG
06/29HIGHLIGHT EVENT AND ENTERTAINMENT : Annual General Meeting of Highlight Event an..
EQ
06/22HIGHLIGHT EVENT AND ENTERTAINMENT : Raises $10 Million Via Private Share Placeme..
MT
06/21Highlight Event and Entertainment AG announced that it has received CHF 24 mi..
CI
06/14HIGHLIGHT EVENT AND ENTERTAINMENT : & Entertainment Signs $17 Million Loan Deals..
MT
06/14Highlight Event and Entertainment AG announced that it expects to receive CHF..
CI
05/12HIGHLIGHT EVENT AND ENTERTAINMENT : HLEE Group closes fiscal 2020 positively des..
EQ
05/12Highlight Event and Entertainment AG Reports Earnings Results for the Full Ye..
CI
05/10Highlight Event and Entertainment AG announced that it has received funding f..
CI
2020HIGHLIGHT EVENT AND ENTERTAINMENT : Raises $6 Million Through Private Placement
MT
2020EQS-ADHOC : Highlight Event and Entertainment AG Successfully Completes Capital ..
DJ
More news
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 -
Capitalization 252 M 273 M 273 M
EV / Sales 2019 0,76x
EV / Sales 2020 1,00x
Nbr of Employees 1 344
Free-Float 19,6%
Chart HIGHLIGHT EVENT AND ENTERTAINMENT AG
Duration : Period :
Highlight Event and Entertainment AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HIGHLIGHT EVENT AND ENTERTAINMENT AG
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
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