COMMUNIQUÉ DE PRESSE

par Highlight Communications AG (isin : CH0006539198)

Highlight Group publishes results for the first quarter of 2023

EQS-News: Highlight Communications AG / Key word(s): Quarterly / Interim Statement
Highlight Group publishes results for the first quarter of 2023

31.05.2023 / 16:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

Highlight Group publishes results for the first quarter of 2023

  • The equity ratio is 28.2% (previous year: 29.3%).
  • At CHF 81.2 million, consolidated revenue was CHF 6.9 million below the previous year's figure
  • EBIT decreased to -5.6 million CHF (previous year -4.2 million CHF)

The Highlight Group’s consolidated revenue and EBIT developed as expected in the first quarter of 2023.

Group development in the first quarter of 2023

  • The decline in sales revenues resulted from foreign currency effects. At CHF 25.7 million, capitalized film productions and other own work capitalized were CHF 15.8 million higher than in the previous year.
  • As in the previous year, Group operating expenses increased by CHF 7.9 million or 7.4% to CHF 114.7 million due to production. Production costs in the Film segment were largely responsible for this.
  • As a result, EBIT amounted to CHF -5.6 million, compared to CHF -4.2 million in the same quarter of the previous year, and the net result for the period was CHF -9.5 million, compared to CHF -7.6 million in the same quarter of the previous year.
  • Equity decreased to CHF 177.6 million compared to CHF 186.0 million at year-end 2022.

The quarterly statement as of March 31, 2023 is available for download at www.highlight-communications.ch from today.

The Highlight Group at a glance  
Group figures in line with IFRS  
    
CHF millionQ1 2023Q1 2022Change in %
Sales81.288.1-7.9
EBIT-5.6-4.2n/a
Consolidated net profit for the period
(after taxes)
-9.5-7.6n/a
Consolidated net profit attributable to shareholders-9.6-7.5n/a
Earnings per share (in CHF)-0.17-0.13n/a
Segment sales   
Film45.048.2-6.6
Sports and Event36.240.0-9.4
Segment earnings   
Film1.10.840.2
Sports and Event-5.2-3.3n/a
    
CHF millionMarch 31, 2023Dec. 31, 2022Change in %
Total assets629.0634.2-0,8
Equity177.6186.0-4,5
Equity ratio (%)28.229.3-1.1 points
Current financial liabilities113.2112.30.8
Cash and cash equivalents34.029.913.6
      
For further information:   
    
Highlight Communications AG   
Investor Relations   
Netzibodenstrasse 23b   
4133 Pratteln BL, Switzerland   
Tel: +41 (0) 61 816 96 91   
e-mail:   ir@hlcom.ch   
       

 



31.05.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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
EQS News ID:1646227

 
End of NewsEQS News Service

1646227  31.05.2023 CET/CEST

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