Report
Ahmed Ouni

Highlight Communications AG : H1 2018 results in line with expectations; model adjusted for consolidation of Constantin Medien AG; TP reduced to € 6.00

>Solid organic growth in the Film and Sports & Event segments - Highlight Communication’s H1 2018 results release was roughly in line with expectations. Note that Constantin Medien AG has been consolidated since 31 March, i.e. included in Q2 only, and contributed a yoy contraction in its top line and negative EBIT due to the loss of Sky Deutschland as a major customer in mid-2017. However, organically the group posted solid revenue and EBIT growth in its Film segment ...
Underlying
Highlight Communications AG

Highlight Communications AG. Highlight Communications AG is a Switzerland-based holding company engaged in the entertainment production. The Company's business is divided into two segments. The Film segment is engaged in the production, exploitation and distribution of films and film licenses, from cinema to video, digital versatile disc (DVD) and television broadcasting. The Sports and Event Marketing segment commercializes the licensing, marketing and sponsorship rights for the UEFA European championships, as well as for the Eurovision Song Contest and the Vienna Philharmonic Orchestra. The Company's subsidiaries include Constatin Film AG, Highlight Communications (Deutschland) GmbH, Rainbow Home Entertainment AG, Rainbow Home Entertainment GmbH, TEAM Television Event and Media Marketing AG and Team Football Marketing AG, among others.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ahmed Ouni

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch