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Highlight Event and Entertainment AG
Earnings Release • Aug 31, 2023
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Earnings Release
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News Details
Ad-hoc | 31 August 2023 17:50
Highlight Event and Entertainment AG publishes results for the first half of 2023
Highlight Event and Entertainment AG / Key word(s): Half Year Results
31-Aug-2023 / 17:50 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Ad hoc release in accordance with Art. 53 of the Listing Rules
Pratteln, August 31, 2023
Semi-annual report 2023
Highlight Event and Entertainment AG publishes results for the first half of 2023
- Consolidated sales amounted to CHF 186.4 million (previous year: CHF 268.5 million).
- EBIT amounted to CHF -15.7 million (previous year: CHF -7.6 million).
- Consolidated net profit of CHF -23,7 million (previous year: CHF -14,3 million).
- The equity ratio amounted to 25.6 % (December 31, 2022: 28.2 %). The consolidated total assets was CHF 789.5 million (December 31, 2022: CHF 819.9 million).
The Film segment recorded a decrease of CHF 77.7 million due to production, while sales in the Sports and Event segment were CHF 4.2 million lower than in the same period of the previous year due to foreign currency effects.
At CHF 201.7 million, equity remained below the level at year-end 2022 (CHF 230.8 million); the equity ratio was 25.6% as of June 30, 2023 (December 31, 2022: 28.2%).
The interim report 2023 is available for download at www.hlee.ch/en/Interim-reports.htm from today.
| The HLEE-Group at a glance | |||
| Figures for the Group in accordance with IFRS | |||
| in CHF million | Jan. 1 to Jun. 30, 2023 | Jan. 1 to Jun. 30, 2022 | Change in % |
| Sales | 186.4 | 268.5 | -30.6 |
| EBIT | -15.7 | -7.6 | n/a |
| Net profit for the period | -23.7 | -14.3 | n/a |
| Net profit attributable to shareholders | -13.0 | -7.7 | n/a |
| Earnings per share (in CHF) | -1.38 | -0.81 | n/a |
| Segment sales | |||
| Film | 111.6 | 189.3 | -41.0 |
| Sports and Event | 74.7 | 78.9 | -5.3 |
| Segment earnings | |||
| Film | 1.6 | 3.6 | n/a |
| Sports and Event | -13.1 | -6.7 | n/a |
| in CHF million | Jun. 30, 2023 | Dec. 31, 2022 | Change in % |
| Balance sheet total | 789.5 | 819.9 | -3.7 |
| Equity | 201.7 | 230.8 | -12.6 |
| Equity ratio (%) | 25.6 | 28.2 | -2.6 points |
| Current financial liabilities | 322.5 | 199.0 | n/a |
| Cash and cash equivalents | 20.4 | 30.2 | -32.5 |
Contact:
Highlight Event and Entertainment AG
Investor Relations
Netzibodenstrasse 23b
4133 Pratteln, Switzerland
Tel.: +41 41 226 05 97
Fax: +41 41 226 05 98
http://www.hlee.ch
End of Inside Information
| 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: | 1716409 |
| End of Announcement | EQS News Service |