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par Highlight Communications AG (isin : CH0006539198)

The Highlight Group publishes results for first quarter of 2024

EQS-News: Highlight Communications AG / Key word(s): Quarterly / Interim Statement
The Highlight Group publishes results for first quarter of 2024

28.05.2024 / 16:45 CET/CEST
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

The Highlight Group publishes results for first quarter of 2024

  • The equity ratio is 25.5% (previous year: 26.8%).
  • Consolidated sales of CHF 78.7 million were CHF 2.4 million below the previous year’s figure
  • EBIT decreased to CHF -5.9 million (previous year: CHF -5.6 million).

Pratteln, May 28, 2024 – The Highlight Group’s consolidated revenue and EBIT developed as expected in the first quarter of 2024.

Group development in the first quarter of 2024

  • The sales decline was due to film production. At CHF 28.2 million, capitalized film production costs and other own work capitalized increased by CHF 2.5 million year-on-year.
  • Consolidated operating expenses remained almost at the previous year’s level and increased only slightly by CHF 0.7 million or 0.6% year-on-year to CHF 115.4 million.
  • As a result, EBIT amounted to CHF -5.9 million, compared to CHF -5.6 million in the same quarter of the previous year, and the consolidated net result for the period improved by CHF 1.2 million year-on-year from CHF -9.5 million to CHF -8.3 million.
  • At CHF 160.4 million, equity remained stable compared to the end of 2023.

The quarterly statement as of March 31, 2024 is available for download at www.highlight-communications.ch from today.

The Highlight Group at a glance  
Group figures in line with IFRS  
    
CHF millionQ12024Q12023Change in %
Sales78.781.2-3.0
EBIT-5.9-5.6n/a
Consolidated net profit for the period
(after taxes)
-8.3-9.5n/a
Consolidated net profit attributable to shareholders-8.3-9.6n/a
Earnings per share (in CHF)-0.15-0.17n/a
Segment sales   
Film40.445.0-10.2
Sports and Event38.336.25.9
Segment earnings   
Film-1.71.1n/a
Sports and Event-3.1-5.2n/a
    
CHF millionMarch 31, 2024Dec. 31, 2023Change in %
Total assets630.2598.85.2
Equity160.4160.40.0
Equity ratio (%)25.526.8-1.3 points
Current financial liabilities197.2153.728.3
Cash and cash equivalents32.925.529.0
      
 
 
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   
       

 



28.05.2024 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:1912925

 
End of NewsEQS News Service

1912925  28.05.2024 CET/CEST

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