28.05.2024 16:45:05

EQS-News: 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.

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
(after taxes)		 -8.3 -9.5 n/a
Consolidated net profit attributable to shareholders -8.3 -9.6 n/a
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, 2024 Dec. 31, 2023 Change 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:   ir@hlcom.ch      
             

 


28.05.2024 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: 1912925

 
End of News EQS News Service

1912925  28.05.2024 CET/CEST

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