13.08.2020 Highlight Communications AG  CH0006539198

DGAP-News: Positive earnings development at Highlight Group despite COVID-19 pandemic


 

DGAP-News: Highlight Communications AG / Key word(s): Half Year Results
Positive earnings development at Highlight Group despite COVID-19 pandemic

13.08.2020 / 16:30
The issuer is solely responsible for the content of this announcement.


  • EBIT improved significantly from CHF 1.6 million to CHF 11.9 million.
  • At CHF 4.0 million, the consolidated net profit for the period was well into positive territory after the prior-year figure of CHF -1.8 million.
  • Consolidated revenue fell by 25.2% year-on-year to CHF 172.0 million due to COVID-19, mainly in the Film and Sports segments.
  • The equity ratio rose to 31.5% as of the end of the first half of 2020 (December 31, 2019: 29.3%).

Group performance leads to clearly positive earnings figures in first half of 2020

  • Consolidated revenue fell by 25.2% year-on-year to CHF 172.0 million:
     
    • Revenue in the Film segment declined by CHF 42.9 million to CHF 98.0 million. This was mainly due to the loss of theatrical distribution and service production revenue on account of the COVID-19 pandemic. Moreover, the conventional home entertainment market as a whole remained on a downward trajectory, while digital distribution forms continued to grow in significance.
       
    • The Sports- and Event-Marketing segment reported a slight decline in revenue of CHF 1.7 million to CHF 31.2 million due to currency effects.
       
    • The revenue decline in the Sports segment from CHF 56.4 million to CHF 43.2 million relates in particular to reduced advertising revenue on account of the cancellation of sporting events.
       
  • Nonetheless, all the Highlight Group's earnings figures improved significantly:
     
    • The rise in EBIT of CHF 10.3 million to CHF 11.9 million primarily results from improvements in the Film segment, which contributed earnings of CHF 8.8 million in the first half of 2020 after a loss of CHF -2.6 million in the first half of the previous year. This was thanks to lower costs, in particular on account of the suspension/break in movie and TV service productions due to the coronavirus.
       
    • At CHF 4.0 million, the consolidated net profit for the period was significantly higher than the prior-year figure of CHF -1.8 million. The share of earnings attributable to Highlight's shareholders was CHF 4.2 million (previous year: CHF -0.5 million), corresponding to earnings per share of CHF 0.07 (previous year: CHF -0.01).
       
  • The Highlight Group also has a sound financial position:
     
    • At CHF 196.8 million, consolidated equity was down by CHF 0.9 million as against the end of 2019, partly as a result of currency effects.
       
    • The equity ratio was 31.5% as of the end of the first half of 2020 (December 31, 2019: 29.3%).

The interim report as of June 30, 2020 is available for download at www.highlight-communications.ch from today.

The Highlight Group at a glance    
Group figures (IFRS)    
       
CHF million Q2 2020 Q2 2019 Change in %
Revenue 172.0 229.9 -25.2
EBIT 11.9 1.6 n/a
Consolidated net profit (after taxes) 4.0 -1.8 n/a
Net profit attributable to shareholders 4.2 -0.5 n/a
Earnings per share (in CHF) 0.07 -0.01 n/a
Segment revenue      
Film 98.0 140.9 -30.5
Sports- and Event-Marketing 31.2 32.9 -5.1
Sports 43.2 56.4 -23.5
Segment earnings      
Film 8.8 -2.5 n/a
Sports- and Event-Marketing 14.7 16.2 -9.3
Sports -8.6 -8.4 -2.0
       
CHF million Jun. 30, 2020 Dec. 31, 2019 Change in %
Total assets 625.5 674.0 -7.2
Equity 196.8 197.7 -0.5
Equity ratio (%) 31.5 29.3 +2.2 points
Financial liabilities 173.2 187.7 -7.7
Cash and cash equivalents 33.6 53.0 -36.7
       
 
For further information:      
       
Highlight Communications AG      
Investor Relations      
Netzibodenstrasse 23b      
CH-4133 Pratteln BL      
Tel: +41 (0) 61 816 96 91      
E-mail: [email protected]      


13.08.2020 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: [email protected]
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: 1117829

 
End of News DGAP News Service

1117829  13.08.2020 

fncls.ssp?fn=show_t_gif&application_id=1117829&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 319,57 411,98 320,03 471,75 447,58 382,22 0,00
EBITDA1,2 96,91 204,02 121,47 170,88 134,10 92,43 0,00
EBITDA-Marge3 30,33 49,52 37,96 36,22 29,96 24,18 0,00
EBIT1,4 28,75 33,35 21,70 28,36 27,16 23,58 0,00
EBIT-Marge5 9,00 8,10 6,78 6,01 6,07 6,17 0,00
Jahresüberschuss1 16,23 18,92 20,26 15,94 23,32 11,02 0,00
Netto-Marge6 5,08 4,59 6,33 3,38 5,21 2,88 0,00
Cashflow1,7 160,79 126,13 119,27 153,94 115,47 65,65 0,00
Ergebnis je Aktie8 0,37 0,42 0,37 0,28 0,40 0,20 0,25
Dividende8 0,00 0,25 0,17 0,17 0,18 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Highlight Communic.
WKN Kurs in € Einschätzung Börsenwert in Mio. €
920299 3,760 Halten 236,88
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,93 14,66 0,95 9,35
KBV KCV KUV EV/EBITDA
1,29 3,61 0,62 3,81
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,18 0,00 0,00 29.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
27.05.2021 31.08.2021 30.11.2021 30.04.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,30% -2,12% -4,57% 4,44%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Highlight Communications AG  ISIN: CH0006539198 können Sie bei DGAP abrufen

Medien (Film, Musik) , 920299 , HLG , XETR:HLG