22.11.2017 18:00:01

DGAP-News: Highlight Communications AG

DGAP-News: 3Q2017: Highlight Group remains on track after nine months

DGAP-News: Highlight Communications AG / Key word(s): 9-month figures
3Q2017: Highlight Group remains on track after nine months

22.11.2017 / 18:00
The issuer is solely responsible for the content of this announcement.


  • Consolidated sales of CHF 249.5 million below the previous year's level as expected
  • Consolidated net profit at CHF 9.0 million
  • Significant increase of consolidated equity to CHF 239.8 million

The third quarter of 2017 was the quarter with the highest sales and income so far in the current fiscal year.

Group development in the first nine months of 2017
 

  • At CHF 249.5 million, consolidated sales after nine months were therefore only 10.4% lower than the previous year's level (CHF 278.4 million).
     
  • The decline in sales results from the Film segment, which achieved very high sales in the first nine months of 2016 due to the start of home entertainment exploitation of "Fack Ju Göhte 2" and "Look Who's Back", which - as expected - was not matched in the current year.
     
  • EBIT of CHF 15.8 million slightly lower than in the previous year (CHF 19.4 million).
     
  • Consolidated net profit for the period amounted to CHF 9.0 million, a drop of CHF 2.5 million as against the figure for the same period of 2016 (CHF 11.5 million), which however had included a non-recurring accounting profit of CHF 2.6 million.
     
  • The share of profit attributable to Highlight shareholders amounted to CHF 8.6 million, corresponding to earnings per share of CHF 0.16.
     
  • Consolidated equity (including non-controlling interests) recorded a significant increase by CHF 104.5 million to CHF 239.8 million. This rise is mainly a result of the capital increase, which was carried out in the second quarter of 2017.
     
  • Net debt amounted to CHF 21.1 million as of September 30, 2017 (December 31, 2016: net liquidity of CHF 36.2 million).
     
  • Due to the strong theatrical slate in the fourth quarter (including "Fack Ju Göhte 3" and "Dieses bescheuerte Herz"), the Highlight Group continues to forecast consolidated sales of between CHF 360 million and CHF 380 million as well as a consolidated net profit attributable to shareholders of between CHF 18 million and CHF 20 million for 2017 as a whole.

The quarterly statement as of September 30, 2017 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 3Q2017 3Q2016 Change in %
Sales 249.5 278.4 -10.4
EBIT 15.8 19.4 -18.6
Net profit for the period 9.0 11.5 -21.7
Net profit attributable to shareholders 8.6 11.1 -22.5
Earnings per share (in CHF) 0.16 0.26 -38.5
Segment sales      
Film 205.5 234.1 -12.2
Sports- and Event-Marketing 44.0 44.1 -0.2
Other Business Activities 0.0 0.2 n/a
Segment earnings      
Film 0.5 1.3 -61.5
Sports- and Event-Marketing 19.6 19.2 2.1
Other Business Activities 0.0 2.7 n/a
       
in CHF million Sep. 30, 2017 Dec. 31, 2016 Change in %
Balance sheet total 492.1 368.5 33.5
Equity 239.8 135.3 77.2
Equity ratio (%) 48.7 36.7 12.0 points
Current financial liabilities 84.4 52.3 61.4
Cash and cash equivalents 63.3 88.5 -28.5
       
       
For more information:      
       
Highlight Communications AG      
Investor Relations      
Netzibodenstrasse 23b      
4133 Pratteln BL, Switzerland      
Phone: +41 (0)61 816 96 91      
E-mail: ir@hlcom.ch      


22.11.2017 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.
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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: 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

 
End of News DGAP News Service

631933  22.11.2017 

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