Significantly positive sales development at the Highlight Group
November 17, 2022 at 12:02 pm EST
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EQS-News: Highlight Communications AG
/ Key word(s): 9 Month figures
Significantly positive sales development at the Highlight Group
17.11.2022 / 18:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
Significantly positive sales development at the Highlight Group
Consolidated sales increased by 24.4% to CHF 386.1 million compared to the previous year.
EBIT amounts to CHF 1.0 million.
The equity ratio was 28.1% as of September 30, 2022 (December 31, 2021: 29.1%).
Pratteln, November17,2022 – The Highlight Group’s consolidated sales developed positively.
Group development in the third quarter of 2022
At CHF 386.1 million, consolidated revenue was up CHF 75.7 million on the figure for the third quarter of 2021. The increase was primarily due to higher sales in the Film segment.
Group operating expenses increased by CHF 28.7 million to CHF 438.3 million as a result of production.
EBIT decreased to CHF 1.0 million (previous year CHF 12.4 million) due to production-related Group operating expenses.
The equity ratio decreased slightly compared to the previous year from 29.1% to 28.1%.
The quarterly statement as of September 30, 2022 is available for download at www.highlight-communications.ch from today.
The Highlight Group at a glance
Group figures in line with IFRS
CHFmillion
Q3 2022
Q3 2021
Change in %
Sales
386.1
310.4
24.4
EBIT
1.0
12.4
n/a
Consolidated net profit for the period
(after taxes)
-12.0
2.3
n/a
Consolidated net profit attributable to shareholders
-12.3
2.1
n/a
Earnings per share (in CHF)
-0.22
0.04
n/a
Segment sales
(Restated)
Film
272.1
183.4
48.4
Sports and Event (Restated)
114.0
127.0
-10.3
Segment earnings
(Restated)
Film
12.2
10.0
22.6
Sports and Event(Restated)
-6.5
6.9
n/a
CHFmillion
Sept.30,2022
Dec. 31, 2021
Change in %
Total assets
605.9
674.5
-10.2
Equity
170.3
196.1
-13.2
Equity ratio (%)
28.1
29.1
-1.0 points
Current financial liabilities
106.0
190.6
-44.4
Cash and cash equivalents
29.5
48.3
-39.0
The Board of Directors of the Highlight Group has decided to combine the Sports (Group company Sport1 Medien AG) and Sports- and Event-Marketing (Group companies TEAM Group & Highlight Event AG) segments in the Sports and Event segment as of January 1, 2022.
For further information:
Highlight Communications AG
Investor Relations
Netzibodenstrasse 23b
4133 Pratteln BL, Switzerland
Tel: +41 (0) 61 816 96 91
e-mail: ir@hlcom.ch
17.11.2022 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:
ir@hlcom.ch
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
Highlight Communications AG is a Switzerland-based holding company engaged in the entertainment production. The Companyâs 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.