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Highlight Communications AG

ISIN: CH0006539198

WKN: 920299

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Highlight Communications AG · ISIN: CH0006539198 · Newswire (Company)

Country: Schweiz · Primary market: Switzerland · EQS NID: 1912925

Levermann Score

28 May 2024 16:45PM

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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The Highlight Group publishes results for first quarter of 2024

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