HIGHLIGHT COMMUNICATIONS AG (FRA:HLG) EQS-News: Highlight Group publishes results for the first half of 2024
Transparency directive : regulatory news
27/08/2024 15:40
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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 |
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| Disclosures for the Group in accordance with IFRS |
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| in CHF million |
Jan. 1 to
Jun. 30, 2024 |
Jan. 1 to
Jun. 30, 2023 |
Change in % |
| Sales |
182.9 |
186.3 |
-1.8 |
| EBIT |
-5.8 |
-10.4 |
n/a |
| Consolidated net profit (after taxes) |
-12.0 |
-18.8 |
n/a |
| Net profit attributable to shareholders |
-12.3 |
-19.1 |
n/a |
| Earnings per share (CHF) |
-0.22 |
-0.34 |
n/a |
| Segment sales |
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| Film |
102.3 |
111.6 |
-8.3 |
| Sports and Event |
80.5 |
74.7 |
7.8 |
| Segment earnings |
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| Film |
-1.8 |
1.6 |
n/a |
| Sports and Event |
-1.3 |
-8.9 |
n/a |
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| in CHF million |
Jun. 30, 2024 |
Dec. 31, 2023 |
Change in % |
| Total assets |
641.4 |
598.8 |
7.1 |
| Equity |
154.2 |
160.4 |
-3.8 |
| Equity ratio (%) |
24.1 |
26.8 |
-2.7 points |
| Current financial liabilities |
212.4 |
153.7 |
n/a |
| Cash and cash equivalents |
13.6 |
25.5 |
n/a |
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| For further information: |
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| Highlight Communications AG |
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| Investor Relations |
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| Netzibodenstrasse 23b |
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| CH-4133 Pratteln BL |
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| Tel: +41 (0)61 816 96 91 |
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| E-mail: ir@hlcom.ch |
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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.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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| Language: |
English |
| Company: |
Highlight Communications AG |
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Netzibodenstrasse 23b |
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4133 Pratteln |
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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 |
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| End of News |
EQS News Service |
1976015 27.08.2024 CET/CEST
source : webdisclosure.com
