31.05.2017 – 17:42

Highlight Communications AG

DGAP-News: Highlight Group in line with planning after three months

DGAP-News: Highlight Communications AG / Key word(s): Quarterly / Interim
Statement
Highlight Group in line with planning after three months

31.05.2017 / 17:39
The issuer is solely responsible for the content of this announcement.

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The Highlight Group's sales and earnings developed in line with expectations in
the first quarter of 2017:
Consolidated sales of CHF 80.0 million below the previous year's figureEBIT
declines to CHF 2.4 million due to production reasonsSlight increase in
consolidated equity to CHF 136.4 million
Group development in the first quarter of 2017
Consolidated sales at CHF 80.0 million were down 37.5% year-on-year in the first
three months of the year. The decline is attributable to the Film segment, which
had generated exceptionally high income in the previous year due to the start of
exploitation of "Fack Ju Göhte 2" in home entertainment and the launch of the TV
series "Shadowhunters" in the US.Consolidated operating expenses were down 32.0%
to CHF 118.5 million. The main reason for this was considerably lower
amortization of film assets and a production-related decrease in the cost of
materials and licenses.EBIT declined from CHF 8.7 million to CHF 2.4 million,
due particularly to lower production volume.Consolidated equity (including
non-controlling interests) at CHF 136.4 million was up by CHF 1.1 million as
against the end of 2016 (CHF 135.3 million). As a result, the equity ratio
improved by 1.5 percentage points to 38.2%.
The quarterly statement as of March 31, 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                          1Q2017         1Q2016            Change
in %

Sales                                   80.0           128.1             -37.5

EBIT                                    2.4            8.7               -72.4

Net profit for the period (after taxes) 0.8            5.5               -85.5

Net profit attributable to shareholders 0.7            5.4               -87.0

Earnings per share (CHF)                0.02           0.12              -83.3

Segment sales                                                             

Film                                    65.5           113.1             -42.1

Sports- and Event-Marketing             14.5           14.7              -1.4

Other Business Activities               0.0            0.2               n/a

Segment result                                                            

Film                                    -2.7           0.5               -640.0

Sports- and Event-Marketing             6.8            6.7               1.5

Other Business Activities               0.0            2.7               n/a

                                                                          

in CHF million                          March 31, 2017 December 31, 2016 Change
in %

Balance sheet total                     357.0          368.5             -3.1

Equity                                  136.4          135.3             0.8

Equity ratio (%)                        38.2           36.7              1.5
points

Current financial liabilities           61.2           52.3              17.0

Cash and cash equivalents               90.3           88.5              2.0

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31.05.2017  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.
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:    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



 

End of News DGAP News Service

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