15.11.2016
Highlight Communications AG CH0006539198
DGAP-News: 3Q2016: Highlight Group with solid business development
DGAP-News: Highlight Communications AG / Key word(s): 9-month figures
3Q2016: Highlight Group with solid business development
15.11.2016 / 17:43
The issuer is solely responsible for the content of this announcement.
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3Q2016: Highlight Group with solid business development
- Consolidated sales rose by 20.5% to CHF 278.4 million
- Consolidated net profit of CHF 11.5 million at previous year's level
- Significant improvement of net liquidity by CHF 15.4 million
Overall, the Highlight Group's figures for the first nine months were in
line with expectations.
Group development in the first nine months of 2016
- Consolidated sales were up by CHF 47.3 million year-on-year at CHF
278.4 million (previous year's period: CHF 231.1 million). Both the
Film segment (+22.6 %) and the Sports- and Event-Marketing segment
(+18.0 %) contributed to this increase in sales.
- The rise in the Film segment was due mainly to sales from
"Shadowhunters" - the Constantin Film Group's first major international
TV series production.
- The increase in the Sports- and Event-Marketing segment was due to the
higher agency commissions that the TEAM Group generated as a result of
the successful marketing of the UEFA club competitions (2015/16 to
2017/18 seasons).
- Consolidated operating expenses rose by CHF 66.8 million to CHF 336.9
million. This development is attributable firstly to considerably
higher amortization of film assets and secondly to a rise in the cost
of materials and licenses in connection with productions.
- As a result, EBIT of CHF 19.4 million was lower than in the previous
year's period (CHF 23.0 million).
- Consolidated net profit for the period was virtually unchanged at CHF
11.5 million (previous year's period: CHF 11.6 million). The share of
profit attributable to Highlight shareholders amounted to CHF 11.1
million, corresponding to earnings per share of CHF 0.26 CHF.
- Consolidated equity (including non-controlling interests) at CHF 96.7
million was down by CHF 7.1 million as against the end of 2015. This
decline was due primarily to the purchase of treasury stock.
- Net liquidity posted a significant increase of CHF 15.4 million to CHF
17.5 million.
- The previous forecast for consolidated net profit attributable to
shareholders of between CHF 18 million and CHF 20 million remains
unchanged. Based on the operating business development to date and from
today's perspective, the Highlight Group is now expecting to generate
consolidated sales of between CHF 410 million and CHF 430 million in
2016 as a whole.
The quarterly statement as of September 30, 2016 will be available for
download at www.highlight-communications.ch starting from today.
Highlight Group at a glance
Group figures according to IFRS
in CHF million 3Q2016 3Q2015 Change in %
Sales 278.4 231.1 20.5
EBIT 19.4 23.0 -15.7
Net profit for the period 11.5 11.6 -0.9
Net profit attributable 11.1 11.9 -6.7
to shareholders
Earnings per share (in 0.26 0.27 -3.7
CHF)
Segment sales
Film 234.1 191.0 22.6
Sports- and Event- 44.1 37.3 18.2
Marketing
Other Business Activities 0.2 2.8 -92.9
Segment result
Film 1.3 11.4 -88.6
Sports- and Event- 19.2 16.4 17.1
Marketing
Other Business Activities 2.7 -0.7 485.7
in CHF million Sep. 30, 2016 Dec. 31, 2015 Change in %
Balance sheet total 376.8 458.0 -17.7
Equity 96.7 103.8 -6.8
Equity ratio (%) 25.7 22.7 3.0 points
Current financial 89.7 104.3 -14.0
liabilities
Cash and cash equivalents 107.2 106.4 0.8
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15.11.2016 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
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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
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521151 15.11.2016
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