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EQS-News: Highlight Communications AG
/ Key word(s): Quarterly / Interim Statement
Highlight Group publishes results for the first quarter of 2023
31.05.2023 / 16:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
Highlight Group publishes results for the first quarter of 2023
- The equity ratio is 28.2% (previous year: 29.3%).
- At CHF 81.2 million, consolidated revenue was CHF 6.9 million below the previous year's figure
- EBIT decreased to -5.6 million CHF (previous year -4.2 million CHF)
The Highlight Group’s consolidated revenue and EBIT developed as expected in the first quarter of 2023.
Group development in the first quarter of 2023
- The decline in sales revenues resulted from foreign currency effects. At CHF 25.7 million, capitalized film productions and other own work capitalized were CHF 15.8 million higher than in the previous year.
- As in the previous year, Group operating expenses increased by CHF 7.9 million or 7.4% to CHF 114.7 million due to production. Production costs in the Film segment were largely responsible for this.
- As a result, EBIT amounted to CHF -5.6 million, compared to CHF -4.2 million in the same quarter of the previous year, and the net result for the period was CHF -9.5 million, compared to CHF -7.6 million in the same quarter of the previous year.
- Equity decreased to CHF 177.6 million compared to CHF 186.0 million at year-end 2022.
The quarterly statement as of March 31, 2023 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 |
Q1 2023 |
Q1 2022 |
Change in % |
| Sales |
81.2 |
88.1 |
-7.9 |
| EBIT |
-5.6 |
-4.2 |
n/a |
Consolidated net profit for the period
(after taxes) |
-9.5 |
-7.6 |
n/a |
| Consolidated net profit attributable to shareholders |
-9.6 |
-7.5 |
n/a |
| Earnings per share (in CHF) |
-0.17 |
-0.13 |
n/a |
| Segment sales |
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| Film |
45.0 |
48.2 |
-6.6 |
| Sports and Event |
36.2 |
40.0 |
-9.4 |
| Segment earnings |
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| Film |
1.1 |
0.8 |
40.2 |
| Sports and Event |
-5.2 |
-3.3 |
n/a |
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| CHF million |
March 31, 2023 |
Dec. 31, 2022 |
Change in % |
| Total assets |
629.0 |
634.2 |
-0,8 |
| Equity |
177.6 |
186.0 |
-4,5 |
| Equity ratio (%) |
28.2 |
29.3 |
-1.1 points |
| Current financial liabilities |
113.2 |
112.3 |
0.8 |
| Cash and cash equivalents |
34.0 |
29.9 |
13.6 |
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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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31.05.2023 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 -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: |
1646227 |
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| End of News |
EQS News Service |
1646227 31.05.2023 CET/CEST
