from Highlight Communications AG (isin : CH0006539198)
Highlight Group publishes results for the first half of 2023
EQS-News: Highlight Communications AG / Key word(s): Half Year Report
Highlight Group publishes results for the first half of 2023
30.08.2023 / 16:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Highlight Group publishes results for the first half of 2023
- Consolidated sales amounted to CHF 186.3 million (previous year: CHF 268.2 million).
- The equity ratio amounts to 26.8 % (December 31, 2022: 29.3 %).
- EBIT decreased to CHF -10.4 million (previous year CHF -3.7 million).
Pratteln, August 30, 2023 - Consolidated sales and operating result of the Highlight Group developed as expected by the company in the first half of 2023.
Group development in the first half of 2023
- At CHF 186.3 million, consolidated sales were 30.5% below the figure for the same period of the previous year.
- In the first half of 2023, revenues in both the Film segment and the Sports and Event segment decreased compared to the first half of 2022.
- The Film segment recorded a decrease of CHF 77.7 million due to production, while sales in the Sports and Event segment were CHF 4.2 million lower than in the same period of the previous year due to foreign currency effects.
- As a result, the EBIT was CHF -10.4 million (previous year CHF -3.7 million).
- The Highlight Group's financial position remains solid as of June 30, 2023:
- The Group's equity ratio is at 26.8 % (December 31, 2022: 29.3 %).
The interim report as of June 30, 2023 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 million | Jan. 1 to Jun. 30, 2023 | Jan. 1 to Jun. 30, 2022 | Change in % |
| Sales | 186.3 | 268.2 | -30.5 |
| EBIT | -10.4 | -3.7 | n/a |
| Consolidated net profit (after taxes) | -18.8 | -10.7 | n/a |
| Net profit attributable to shareholders | -19.1 | -10.6 | n/a |
| Earnings per share (CHF) | -0.34 | -0.19 | n/a |
| Segment sales | |||
| Film | 111.6 | 189.3 | -41.0 |
| Sports and Event | 74.7 | 78.9 | -5.3 |
| Segment earnings | |||
| Film | 1.6 | 3.6 | n/a |
| Sports and Event | -8.9 | -4.2 | n/a |
| in CHF million | Jun. 30, 2023 | Dec. 31, 2022 | Change in % |
| Total assets | 612.2 | 634.2 | -3.5 |
| Equity | 164.0 | 186.0 | -11.9 |
| Equity ratio (%) | 26.8 | 29.3 | -2.5 points |
| Current financial liabilities | 220.5 | 112.3 | n/a |
| Cash and cash equivalents | 18.2 | 29.9 | n/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 | |||
30.08.2023 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: | 1715217 |
| End of News | EQS News Service |
1715217 30.08.2023 CET/CEST