sur Highlight Communications AG (ETR:HLG)
Highlight Group Reports Fiscal Year 2024 Results
Highlight Communications AG has released its financial results for 2024, reporting consolidated sales of CHF 404.1 million. This marks a 4.1% decrease from the previous year, influenced by currency fluctuations and production-related factors. The EBIT fell significantly to CHF -6.4 million from CHF 6.9 million in the previous year, while the equity ratio slightly declined to 24.3%.
The group's Film segment produced ten films, with sales falling by 0.9% to CHF 251.4 million. However, segment earnings rose by 9.2% to CHF 9.5 million. Meanwhile, the Sports and Event segment saw a 9.0% drop in external sales to CHF 152.7 million, but finished with successful sponsorships in events like the Eurovision Song Contest.
For 2025, the company anticipates potential challenges from inflation and geopolitical issues but remains hopeful about growth, relying on a robust film lineup and UEFA competitions.
R. E.
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