22.11.2017 – 18:03

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.

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Consolidated sales of CHF 249.5 million below the previous year's level as
expectedConsolidated net profit at CHF 9.0 millionSignificant 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                                                  

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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.

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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

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631933  22.11.2017