Highlight Communications AG: Highlight Group publishes results for the first quarter of 2022
May 31, 2022 at 11:47 am
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DGAP-News: Highlight Communications AG
/ Key word(s): Quarterly / Interim Statement
Highlight Communications AG: Highlight Group publishes results for the first quarter of 2022
31.05.2022 / 17:45
The issuer is solely responsible for the content of this announcement.
Highlight Group publishes results for the first quarter of 2022
The equity ratio remains constant compared to the end of the year at 29.1%
Consolidated revenue at CHF 88.1 million down CHF 18.4 million on previous year
EBIT decreased to -4.2 million CHF (previous year 1.3 million CHF)
The Highlight Group?s consolidated revenue and EBIT developed as expected in the first quarter of 2022.
Group development in the first quarter of 2022
At CHF 88.1 million, consolidated revenue was down CHF 18.4 million on the figure for the first quarter of 2021. The decrease was primarily due to lower sales in the Film segment.
EBIT of CHF -4.2 million was below the previous year's figure (CHF 1.3 million) due to the seasonal effect of the first quarter.).
Consolidated net profit amounted to CHF -7.6 million. Earnings of CHF -7.5 million were attributable to Highlight?s shareholders (previous year: CHF -1.9 million), translating into earnings per share of CHF -0.13 (previous year: CHF -0.03).
The equity ratio was maintained stable despite a decrease in consolidated equity by CHF 8.6 million to CHF 187.6 million.
The effects of the global Corona pandemic and the possible consequences of the Ukraine crisis will continue to influence business development beyond the first quarter of 2022. The Board of Directors is continuously reviewing the situation in order to be able to take appropriate measures if necessary. ?
The quarterly statement as of March 31, 2022 is available for download at www.highlight-communications.ch from today.
The Highlight Group at a glance
Group figures in line with IFRS
CHF million
Q1 2022
Q1 2021
Change in %
Sales
88.1
106.5
17.3
EBIT
-4.2
1.3
n/a
Consolidated net profit for the period
(after taxes)
-7.6
-2.1
n/a
Consolidated net profit attributable to shareholders
-7.5
-1.9
n/a
Earnings per share (in CHF)
-0.13
-0.03
n/a
Segment sales
Film
48.2
67.9
-29.1
Sports and Event (Restated)
40.0
38.6
3.5
Segment earnings
(Restated)
Film
0.8
3.3
-76.3
Sports and Event(Restated)
-3.3
-0.5
n/a
CHF million
March 31, 2022
Dec. 31, 2021
Change in %
Total assets
644.9
674.5
-4.4
Equity
187.6
196.1
-4.4
Equity ratio (%)
29.1
29.1
n/a
Current financial liabilities
93.4
190.6
-51.0
Cash and cash equivalents
47.7
48.3
-1.4
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
31.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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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
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.