EQS-News: Significantly positive sales development at the Highlight Group
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, November 17, 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.
(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 CHF million 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
17.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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1490731 17.11.2022 CET/CEST