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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 -communications.ch from today.
| The Highlight Group at a glance |
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| Group figures in line with IFRS |
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| 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 |
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| Film |
40.4 |
45.0 |
-10.2 |
| Sports and Event |
38.3 |
36.2 |
5.9 |
| Segment earnings |
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| Film |
-1.7 |
1.1 |
n/a |
| Sports and Event |
-3.1 |
-5.2 |
n/a |
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| 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 |
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For further information: |
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| Highlight Communications AG |
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| Investor Relations |
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| Netzibodenstrasse 23b |
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| 4133 Pratteln BL, Switzerland |
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| Tel: +41 (0) 61 816 96 91 |
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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 -news.com
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| Language: |
English |
| Company: |
Highlight Communications AG |
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Netzibodenstrasse 23b |
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4133 Pratteln |
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Switzerland |
| Phone: |
6 |
| Fax: |
7 |
| E-mail: |
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| Internet: |
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| 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 |
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| End of News |
EQS News Service |
1912925 28.05.2024 CET/CEST
