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HIGHLIGHT CMNCTS INH.SF 1
HIGHLIGHT CMNCTS INH.SF 1
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Ticker: HLG
ISIN: CH0006539198

EQS-News: Highlight Group publishes results for the first half of 2023

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EQS-News: Highlight Communications AG / Key word(s): Half Year Report
Highlight Group publishes results for the first half of 2023

30.08.2023 / 16:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Highlight Group publishes results for the first half of 2023

  • Consolidated sales amounted to CHF 186.3 million (previous year: CHF 268.2 million).
  • The equity ratio amounts to 26.8 % (December 31, 2022: 29.3 %).
  • EBIT decreased to CHF -10.4 million (previous year CHF -3.7 million).

Pratteln, August 30, 2023 - Consolidated sales and operating result of the Highlight Group developed as expected by the company in the first half of 2023.

Group development in the first half of 2023

  • At CHF 186.3 million, consolidated sales were 30.5% below the figure for the same period of the previous year.
    • In the first half of 2023, revenues in both the Film segment and the Sports and Event segment decreased compared to the first half of 2022.
    • The Film segment recorded a decrease of CHF 77.7 million due to production, while sales in the Sports and Event segment were CHF 4.2 million lower than in the same period of the previous year due to foreign currency effects.
       
  • As a result, the EBIT was CHF -10.4 million (previous year CHF -3.7 million).
     
  • The Highlight Group's financial position remains solid as of June 30, 2023:
    • The Group's equity ratio is at 26.8 % (December 31, 2022: 29.3 %).

The interim report as of June 30, 2023 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, 2023		 Jan. 1 to
Jun. 30, 2022		 Change in %
Sales 186.3 268.2 -30.5
EBIT -10.4 -3.7 n/a
Consolidated net profit (after taxes) -18.8 -10.7 n/a
Net profit attributable to shareholders -19.1 -10.6 n/a
Earnings per share (CHF) -0.34 -0.19 n/a
Segment sales      
Film 111.6 189.3 -41.0
Sports and Event 74.7 78.9 -5.3
Segment earnings      
Film 1.6 3.6 n/a
Sports and Event -8.9 -4.2 n/a
       
in CHF million Jun. 30, 2023 Dec. 31, 2022 Change in %
Total assets 612.2 634.2 -3.5
Equity 164.0 186.0 -11.9
Equity ratio (%) 26.8 29.3 -2.5 points
Current financial liabilities 220.5 112.3 n/a
Cash and cash equivalents 18.2 29.9 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:   [email protected]      

 


30.08.2023 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: [email protected]
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: 1715217

 
End of News EQS News Service

1715217  30.08.2023 CET/CEST

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