Significantly positive sales performance at the Highlight Group
DGAP-News: Highlight Communications AG / Key word(s): Half Year Report
Significantly positive sales performance at the Highlight Group
18.08.2022 / 17:00 CET/CEST
The issuer is solely responsible for the content of this announcement.*Significantly positive sales performance at the Highlight Group*
· *Consolidated sales increase by 29.8% year-on-year to CHF 268.2 million.*
· *The equity ratio increased slightly to 29.4% in the first half of 2022 (December 31, 2021: 29.1%).*
· *EBIT amounts to CHF -3.7 million.*
Consolidated sales and operating result of the Highlight Group developed as expected in the first half of 2022.
*Group development in the first half of 2022*
· Consolidated sales increased in total by 29.8% year-on-year to CHF 268.2 million.
· The Film segment generated an increase in sales of CHF 67.7 million to CHF 189.3 million, which is mainly attributable to service productions.
· The Sports and Event segment recorded a slight decline in sales of CHF 6.2 million to CHF 78.9 million.
· EBIT decreased to CHF -3.7 million (previous year: CHF 6.0 million) due to production-related consolidated operating expenses.
· In addition, the Highlight Group has a sound financial position:
· The Group's equity ratio increased slightly to 29.4% (December 31, 2021: 29.1%).
The interim report as of June 30, 2022 is available for download at www.highlight-communications.ch from today.
*The Highlight Group at a glance*
Disclosures for the Group in accordance with IFRS
*in CHF million* *Jun. 30, 2022* *Jun. 30, 2021* *Change in %*
Sales 268.2 206.7 29.8
EBIT -3.7 6.0 n/a
Consolidated net profit (after taxes) -10.7 0.0 n/a
Net profit attributable to shareholders -10.6 -0.2 n/a
Earnings per share (CHF) -0.19 0.00 n/a
*Segment sales*
Film 189.3 121.6 55.7
Sports und Event 78.9 85.1 -7.3
*Segment earnings*
Film 3.6 4.8 -25.5
Sports und Event -4.2 4.0 n/a
*in CHF million* *Jun. 30, 2022* *Dec. 31, 2021* *Change in %*
Total assets 607.6 674.5 -9.9%
Equity 178.8 196.1 -8.8%
Equity ratio (%) 29.4 29.1 0.3 points
Current financial liabilities 102.7 190.6 -46.1%
Cash and cash equivalents 17.7 48.3 -63.3%
*For further information:*
Highlight Communications AG
Investor Relations
Netzibodenstrasse 23b
CH-4133 Pratteln BL
Tel: +41 (0)61 816 96 91
E-mail: ir@hlcom.ch
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18.08.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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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
EQS News ID: 1423535
End of News DGAP News Service