Highlight Communications AG / CH0006539198

Highlight Group publishes results for the first half of 2024

Highlight Communications AG / Key word(s): Half Year Report


27.08.2024 / 15:40 CET/CEST
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE 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: [phone]
E-mail:   [e-mail]

 

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27.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:	English
Company:	Highlight Communications AG
	Netzibodenstrasse 23b
	4133 Pratteln
	Switzerland
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
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

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1976015  27.08.2024 CET/CEST