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Highlight Event and Entertainment AG
Earnings Release • Aug 21, 2019
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Earnings Release
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News Details
Ad-hoc | 21 August 2019 17:50
Konzernentwicklung im 1. Halbjahr 2019
Highlight Event and Entertainment AG / Key word(s): Half Year Results
21-Aug-2019 / 17:50 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
2019 Half-Year Report
Group Development in the First Half of 2019
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Compared to the previous year, EBIT declined from CHF 2.7 million to CHF -6.4 million. The decrease essentially results from the Film and the Sports segments.
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Consolidated total assets as of June 30, 2019 amounted to CHF 951.7 million, down CHF 13.3 million compared with December 31, 2018 (CHF 965.0 million).
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While current assets fell by CHF 42.0 million – in particular due to a significant decline in receivables – non-current assets rose by CHF 28.7 million. This development is essentially a result of the first-time capitalization of right-of-use assets in connection with the mandatory adoption of the accounting standard IFRS 16 “Leases”.
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Equity decreased by CHF 20.0 million to CHF 371.3 million due to declines in reserves and non-controlling interests.
The detailed 2019 Half-Year Report is available at http://www.hlee.ch/investor-relations/geschaeftsberichte.
Contact information:
Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln
Tel.: +41 41 226 05 97
| HLEE Group at a glance | |||
| Group figures according to IFRS | |||
| in CHF million | HY1/2019 | HY1/2018 | |
| Sales | 235.8 | 241.4 | |
| EBIT | -6.4 | 2.7 | |
| Consolidated net income | -12.6 | -7.9 | |
| Net income attributable to shareholders | -5.8 | -3.9 | |
| Earnings per share (in CHF) | -0.68 | -0.46 | |
| Segment sales | |||
| Film | 140.9 | 147.2 | |
| Sports- and Event-Marketing | 32.9 | 30.0 | |
| Sports | 60.2 | 62.3 | |
| Event Marketing | 1.7 | 1.9 | |
| Segment earnings | |||
| Film | -2.5 | 3.2 | |
| Sports- and Event-Marketing | 16.2 | 14.9 | |
| Sports | -18.8 | -12.5 | |
| Event Marketing | 0.4 | 0.8 | |
| in CHF million | June 30, 2019 | Dec. 31, 2018 | |
| Total assets | 951.7 | 965.0 | |
| Equity | 371.3 | 391.3 | |
| Equity ratio (%) | 39.0 | 40.5 | |
| Current financial liabilities | 221.0 | 189.7 | |
| Cash and cash equivalents | 50.2 | 59.3 | |
End of ad hoc announcement
| Language: | English |
| Company: | Highlight Event and Entertainment AG |
| Netzibodenstrasse 23b | |
| 4133 Pratteln | |
| Switzerland | |
| Phone: | +41 41 226 05 97 |
| Fax: | +41 41 226 05 98 |
| E-mail: | [email protected] |
| Internet: | www.hlee.ch |
| ISIN: | CH0003583256 |
| Valor: | 896040 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 861225 |
| End of Announcement | EQS Group News Service |