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Highlight Communications AG
ISIN: CH0006539198
WKN: 920299
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Highlight Communications AG · ISIN: CH0006539198 · EQS - Company News (44 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1976015
27 August 2024 03:40PM

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 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      
Film 102.3 111.6 -8.3
Sports and Event 80.5 74.7 7.8
Segment earnings      
Film -1.8 1.6 n/a
Sports and Event -1.3 -8.9 n/a
       
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
       
 
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.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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 News EQS News Service

1976015  27.08.2024 CET/CEST

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This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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