from Highlight Communications AG (isin : CH0006539198)
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.
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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: | 1976015 |
| End of News | EQS News Service |
1976015 27.08.2024 CET/CEST