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HIGHLIGHT EVENT AND ENTERTAINMENT AG (FRA:L60) EQS-Adhoc: 2017 Annual Report

Directive transparence : information réglementée

31/05/2018 19:19

EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s): Final Results
2017 Annual Report

31-May-2018 / 19:19 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Press Release

Group Development in Fiscal Year 2017

The sales and earnings development of the Highlight Event and Entertainment Group (HLEE Group) in the past fiscal year was characterized by the initial full consolidation of Highlight Communications AG, which took place as of September 28, 2017.

  • Consolidated sales climbed from CHF 2.8 million in the previous year to CHF 137.9 million in the reporting year.
  • Consolidated net profit amounted to CHF 9.5 million compared with the prior year at CHF -3.0 million.
  • Equity increased from CHF 24.7 million in the previous year to CHF 511.7 million in the reporting year.

Despite increased operating expenses for the Group due to the start of the World Boxing Super Series and additional expenses for legal and consulting costs from the successful capital increases, consolidated net profit benefited from additional income due to the initial consolidation of Highlight Communications AG and effects from the first-time valuation of the acquisition of the 25% share in Highlight Communications AG.

Consolidated total assets were also significantly higher than in the previous year at CHF 926.2 million (CHF 45.0 million). This growth is due to both the capital increases and the inclusion of Highlight Communications AG in consolidation.

The detailed 2017 annual report is available at http://www.hlee.ch/en/Interim-reports.htm.

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

info@hlee.ch
http://www.hlee.ch



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: info@hlee.ch
Internet: www.hlee.ch
ISIN: CH0003583256
Valor: 896040
Listed: SIX Swiss Exchange

 
End of Announcement EQS Group News Service

691445  31-May-2018 CET/CEST

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