Report

Highlight Communications AG : H1 2019 results at lower end of expectations hampered by Constantin; FY guidance reiterated and achievable Constantin Medien AG; TP reduced to € 6.00

>H1 2019 performance hampered by contracting business at Constantin - Highlight Communication’s H1 2019 results came in at the lower end of expectations. One of the main reasons for this was Constantin Medien AG, consolidated since 01 April 2018. Constantin’s top line continued to contract like-for-like and its EBIT remained negative on lower TV advertising revenues following the discontinuation of the rights to the UEFA Europa League and general spending restraint on...
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.

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