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par Highlight Communications AG (isin : CH0006539198)

Highlight Group publishes results for the first half of 2024

EQS-News: Highlight Communications AG / Key word(s): Half Year Report
Highlight Group publishes results for the first half of 2024

27.08.2024 / 15:40 CET/CEST
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

Highlight Group publishes results for the first half of 2024

  • Consolidated sales amounted to CHF 182.9 million (previous year: CHF 186.3 million).
  • The equity ratio amounts to 24.1% (December 31, 2023: 26.8%).
  • EBIT improved to CHF -5.8 million (previous year CHF -10.4 million).

Pratteln, August 27, 2024 – Consolidated sales and operating result of the Highlight Group developed as expected in the first half of 2024.

Group development in the first half of 2024

  • At CHF 182.9 million, consolidated sales were 1.8% below the figure for the same period of the previous year.
    • In the first half of 2024, revenue in the Film segment decreased due to production-related factors, while revenue in the Sports and Event segment increased compared to the first half of 2023. 
    • The Film segment recorded a production-related decline of CHF 9.3 million, while sales in the Sports and Event segment were CHF 5.8 million higher than in the same period of the previous year.
  • This resulted in EBIT of CHF -5.8 million compared to CHF -10.4 million in the previous year and a consolidated net result for the period of CHF -12.0 million compared to CHF -18.8 million.
  • The Highlight Group’s financial position remains solid as of June 30, 2024:
    • The Group’s equity ratio is at 24.1% (December 31, 2023: 26.8%)

The interim report as of June 30, 2024 is available for download at www.highlight-communications.ch from today.

The Highlight Group at a glance  
Disclosures for the Group in accordance with IFRS  
    
in CHF millionJan. 1 to
Jun. 30, 2024
Jan. 1 to
Jun. 30, 2023
Change in %
Sales182.9186.3-1.8
EBIT-5.8-10.4n/a
Consolidated net profit (after taxes)-12.0-18.8n/a
Net profit attributable to shareholders-12.3-19.1n/a
Earnings per share (CHF)-0.22-0.34n/a
Segment sales   
Film102.3111.6-8.3
Sports and Event80.574.77.8
Segment earnings   
Film-1.81.6n/a
Sports and Event-1.3-8.9n/a
    
in CHF millionJun. 30, 2024Dec. 31, 2023Change in %
Total assets641.4598.87.1
Equity154.2160.4-3.8
Equity ratio (%)24.126.8-2.7 points
Current financial liabilities212.4153.7n/a
Cash and cash equivalents13.625.5n/a
    
 
For further information:   
    
Highlight Communications AG   
Investor Relations   
Netzibodenstrasse 23b   
CH-4133 Pratteln BL   
Tel: +41 (0)61 816 96 91   
E-mail:   ir@hlcom.ch   

 



27.08.2024 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:1976015

 
End of NewsEQS News Service

1976015  27.08.2024 CET/CEST

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