Annual Report 2023 - HLEE Group with stable result in 2023 financial year

Highlight Event and Entertainment AG / Key word(s): Annual Results
Annual Report 2023 - HLEE Group with stable result in 2023 financial year

24-Apr-2024 / 18:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to Art. 53 LR

Pratteln, April 24, 2024

Annual Report 2023

HLEE Group with stable result in 2023 financial year

  * Consolidated sales were CHF 421.4 million (previous year: CHF 524.0
    million) due to production-related factors in the Film segment

  * EBIT amounted to CHF -3.5 million due to foreign currency effects
    (previous year: CHF -1.3 million)

  * Consolidated net result for the period improved from CHF -21.1 million
    to CHF -20.1 million

  * The equity ratio rose as a result of the capital increase to 29.4 %
    (previous year: 28.2 %). Consolidated total assets amounted to CHF 790.5
    million (previous year: CHF 819.9 million)

Development of operating segments in 2023

Film segment:

Ten movies were released in German theaters in the 2023 reporting year,
including "Rehragout-Rendezvous" from the successful Eberhofer series,
"Manta Manta - Zwoter Teil" and "Sonne und Beton". These titles all made it
into the top 20 most successful movies released in Germany in 2023.

In license trading/TV exploitation, licenses were again sold for several
in-house and third-party productions, with established and also new
partners, in 2023 as well. The premiere broadcasts of "Guglhupfgeschwader"
and "Contra" scored high market shares.

Sports and Events segment

In the Sports and Events segment, TEAM Marketing AG experienced a strong
start to its sales operations on both the media and the sponsorship sides
and renewed several key partnerships early on.

In the reporting year, Sport1 Medien AG focused on optimizing its portfolio
of rights, improving and creating new digital content and marketing
environments in addition to cross-platform content exploitation, networking
and capitalization. SPORT1 scored record viewer numbers for the broadcast of
the World Darts Championship.

Highlight Event AG's business activities focused on the intensive support
and realization of the agreements with the main sponsors of the Vienna
Philharmonic and the Eurovision Song Contest, as well as the sale of
additional sponsorship rights for the Eurovision Song Contest. The contract
with the Vienna Philharmonic was also extended early until 2032.

Outlook for 2024

With the market situation still uncertain due to developments in inflation
and the effects of the Ukraine crisis and the conflict in the Middle East,
the Board of Directors cannot rule out an impact on the operating activities
of the HLEE Group.

The Board of Directors, as in the previous year, is monitoring the current
situation in the current year and regularly reviewing the measures taken.

However, the HLEE Group was able to lay a good foundation for the 2024 film
segment with the production of various titles in fiscal year 2023 and plans
to release twelve productions, including "Chantal im Märchenland",
"September 5", "In the Lost Lands", "Hagen" and "Der Spitzname". This
offering will continue the high quality that the Group has already
demonstrated with its top 20 productions in 2023.

In the Sport and Event segment too, the marketing of the UEFA Champions
League, UEFA Europa League and UEFA Europa Conference League rights, optimal
content utilization and distribution via SPORT1 and the strengthening of the
portfolio through the acquisition of new rights should enable the Group to
further expand its stable and economically successful business activities
and secure more growth potential for the future.

There will be an adjustment to the management team of the HLEE Group in
2024. Peter von Büren, long-standing CFO (Chief Financial Officer) of HLEE,
will retire from the management team on June 30, 2024. However, he will
stand for re-election as a non-executive member of the Board of Directors of
HLEE at the 2024 Annual General Meeting. As his successor, the Board of
Directors of HLEE has appointed Hasan Dilsiz, the former long-standing
Director of Group Finance, as the new CFO and member of the management team
effective from July 1, 2024.

The Annual General Meeting for fiscal 2023 is scheduled to take place on 28
June 2024. The detailed 2023 Annual Report is available at
https://www.hlee.ch/en/Interim-reports.

    The HLEE Group at a glance
    Figures for the Group in accordance
    with IFRS

    in CHF million                           2023      2022  Change in
                                                                     %
    Sales                                   421.4     524.0      -19.6
    EBIT                                     -3.5      -1.3        n/a
    Net profit for the period               -20.1     -21.1        n/a
    Net profit attributable to              -11.4     -13.4        n/a
    shareholders
    Earnings per share (in CHF)             -0.88     -1.04        n/a
    Segment sales
    Film                                    253.6     357.4      -29.1
    Sport and Event                         167.7     166.4        1.8
    Segment earnings
    Film                                      8.7      15.2        n/a
    Sport and Event                          -4.0      -0.8        n/a
    in CHF million                       Dec. 31,  Dec. 31,  Change in
                                             2023      2022          %
    Balance sheet total                     790.5     819.9       -3.6
    Equity                                  232.1     230.8        0.6
    Equity ratio (%)                         29.4      28.2        1.2
                                                                points
    Current financial liabilities           191.7     199.0       -3.7
    Cash and cash equivalents                25.7      30.2      -14.9

Contact:

Highlight Event and Entertainment AG

Investor Relations

Netzibodenstrasse 23b

4133 Pratteln, Switzerland

Tel.: +41 41 226 05 97

Fax: +41 41 226 05 98

info@hlee.ch

https://www.hlee.ch


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End of Inside Information

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   Language:       English
   Company:        Highlight Event and Entertainment AG
                   Netzibodenstrasse 23b
                   4133 Pratteln
                   Switzerland
   Phone:          +41 41 226 05 97
   Fax:            +41 41 226 05 98
   E-mail:         info@hlee.ch
   Internet:       www.hlee.ch
   ISIN:           CH0003583256
   Valor:          896040
   Listed:         SIX Swiss Exchange
   EQS News ID:    1888487

End of Announcement EQS News Service
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1888487 24-Apr-2024 CET/CEST