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Highlight Communications AG: Highlight Group publishes results for the first quarter of 2022

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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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

1365479


 

End of News

DGAP News Service

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