EQS-News: The Highlight Group publishes results for first quarter of 2024

PRESS RELEASE

The Highlight Group publishes results for first quarter of 2024

The equity ratio is 25.5% (previous year: 26.8%). Consolidated sales of CHF 78.7 million were CHF 2.4 million below the previous year’s figure EBIT decreased to CHF -5.9 million (previous year: CHF -5.6 million).

Pratteln, May 28, 2024 – The Highlight Group’s consolidated revenue and EBIT developed as expected in the first quarter of 2024.

Group development in the first quarter of 2024

The sales decline was due to film production. At CHF 28.2 million, capitalized film production costs and other own work capitalized increased by CHF 2.5 million year-on-year. Consolidated operating expenses remained almost at the previous year’s level and increased only slightly by CHF 0.7 million or 0.6% year-on-year to CHF 115.4 million. As a result, EBIT amounted to CHF -5.9 million, compared to CHF -5.6 million in the same quarter of the previous year, and the consolidated net result for the period improved by CHF 1.2 million year-on-year from CHF -9.5 million to CHF -8.3 million. At CHF 160.4 million, equity remained stable compared to the end of 2023.

The quarterly statement as of March 31, 2024 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 Q12024 Q12023 Change in % Sales 78.7 81.2 -3.0 EBIT -5.9 -5.6 n/a Consolidated net profit for the period
(after taxes) -8.3 -9.5 n/a Consolidated net profit attributable to shareholders -8.3 -9.6 n/a Earnings per share (in CHF) -0.15 -0.17 n/a Segment sales       Film 40.4 45.0 -10.2 Sports and Event 38.3 36.2 5.9 Segment earnings       Film -1.7 1.1 n/a Sports and Event -3.1 -5.2 n/a         CHF million March 31, 2024 Dec. 31, 2023 Change in % Total assets 630.2 598.8 5.2 160.4 160.4 0.0 Equity ratio (%) 25.5 26.8 -1.3 points Current financial liabilities 197.2 153.7 28.3 Cash and cash equivalents 32.9 25.5 29.0              
 
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