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.
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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 million Q12024 Q12023 Change
in %
Sales 78.7 81.2 -3.0
EBIT -5.9 -5.6 n/a
Consolidated net profit for the period -8.3 -9.5 n/a
(after taxes)
Consolidated net profit attributable to -8.3 -9.6 n/a
shareholders
Earnings per share (in CHF) -0.15 -0.17 n/a
Segment sales
Film 40.4 45.0 -10.2
Sports and Event 38.3 36.2 5.9
Segment earnings
Film -1.7 1.1 n/a
Sports and Event -3.1 -5.2 n/a
CHF million March 31, Dec. 31, Change
2024 2023 in %
Total assets 630.2 598.8 5.2
Equity 160.4 160.4 0.0
Equity ratio (%) 25.5 26.8 -1.3
points
Current financial liabilities 197.2 153.7 28.3
Cash and cash equivalents 32.9 25.5 29.0
For further information:
Highlight Communications AG
Investor Relations
Netzibodenstrasse 23b
4133 Pratteln BL, Switzerland
Tel: +41 (0) 61 816 96 91
e-mail: (1)ir@hlcom.ch 1.
mailto:ir@hlcom.ch
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28.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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 News EQS News Service
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1912925 28.05.2024 CET/CEST