20.05.2015
Highlight Communications AG CH0006539198
DGAP-News: Highlight Group quintuples EBIT
DGAP-News: Highlight Communications AG / Key word(s): Quarter Results
Highlight Group quintuples EBIT
20.05.2015 / 17:41
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- EBIT improves from CHF 0.9 million to CHF 5.0 million
- Consolidated net profit for the period of CHF 0.6 million; earnings
attributable to Highlight shareholders remain constant at CHF 0.7
million
- Forecast confirmed for fiscal year 2015
The Highlight Group has made a sound start to the current fiscal year. The
financial figures of the first quarter of 2015 were hit hard by the Swiss
National Bank's decision on January 15, 2015, to remove the currency peg
between the Swiss franc and the euro and the cap of 1.20 EUR/CHF.
Group development in the first quarter of 2015
- At CHF 64.3 million, consolidated sales for the first three months were
down on the corresponding figure for the previous year (CHF 125.7
million), as expected. The decrease mainly stemmed from the decline in
external sales in the Film segment, as no international Constantin Film
productions were released in the first quarter of 2015, in contrast to
the previous year.
- Accordingly, consolidated operating expenses fell by CHF 62.3 million
to CHF 74.9 million. The decrease was mainly due to amortization,
depreciation and impairment, which reduced by CHF 53.1 million to CHF
12.1 million
- As the overall decrease in consolidated operating expenses was more
substantial than the decline in sales, EBIT improved to CHF 5.0
million. It was therefore more than five times higher than in the first
quarter of 2014 (CHF 0.9 million).
- Consolidated net profit for the period of CHF 0.6 million (previous
year's period: CHF 1.0 million) was down slightly, with earnings
attributable to Highlight shareholders remaining constant at CHF 0.7
million. The fact that the positive EBIT development was not reflected
in the net profit for the period is largely due to currency effects,
particularly with regard to the strong appreciation of the Swiss franc
against the euro.
- Consolidated equity (including non-controlling interests) was down CHF
13.4 million at CHF 93.5 million as against the end of 2014 (CHF 106.9
million). This decrease is primarily due to currency translation
differences of CHF 13.0 million resulting from the translation of the
equity of those subsidiaries whose functional currency is not the Swiss
franc.
Targets for fiscal year 2015
For 2015 as a whole, the Highlight Group continues to expect consolidated
sales of CHF 310 million to CHF 330 million and a consolidated net profit
for the period attributable to shareholders of CHF 14 million to CHF 16
million.
The interim report as of March 31, 2015 will be available for download at
www.highlight-communications.ch starting from this evening.
Highlight Group at a glance Group figures according to IFRS in CHF million Q1-2015 Q1-2014 Change in % Sales 64.3 125.7 -48.8 EBIT 5.0 0.9 455.6 Net profit for the period 0.6 1.0 -40.0 Net profit attributable to 0.7 0.7 -- shareholders Earnings per share (CHF) 0.02 0.02 -- Segment sales Film 52.0 112.7 -53.9 Sports- and Event-Marketing 11.3 12.4 -8.9 Other Business Activities 1.0 0.7 42.9 Segment result Film -0.5 -2.5 80.0 Sports- and Event-Marketing 6.8 5.4 25.9 Other Business Activities -0.4 -0.7 42.9 in CHF million March 31, December 31, Change in 2015 2014 % Balance sheet total 421.5 361.6 16.5 Equity 93.5 106.9 -12.5 Equity ratio (%) 22.2 29.6 -7.4 points Current financial liabilities 75.9 81.3 -6.6 Cash and cash equivalents 144.3 44.8 222.1--------------------------------------------------------------------- 20.05.2015 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. Media archive at www.dgap-medientreff.de and 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 End of News DGAP News-Service --------------------------------------------------------------------- 360085 20.05.2015
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