EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s): Half Year Results
2018 Half-Year Report
24-Aug-2018 / 17:40 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
Group Development in the First Half of 2018
- Compared to the previous year, EBIT improved from CHF -2.6 million to CHF 2.7 million.
- Consolidated total assets as of June 30, 2018 were virtually unchanged at CHF 927.1 million compared with December 31, 2017 (CHF 926.2 million).
- While current assets fell by CHF 133.8 million due to the discontinuation of the bank guarantee for the takeover offer, which was deposited in cash, non-current assets increased by CHF 134.7 million. This development resulted chiefly from the first-time consolidation of Constantin Medien AG by Highlight Communications AG, which led to a significant rise in intangible assets and goodwill.
- Equity decreased by CHF 100.6 million to CHF 411.1 million due to a decline in non-controlling interests. This was attributable to the increase in the interest in Highlight Communications AG from 25% to 44.71%.
The detailed 2018 Half-Year Report is available at www.hlee.ch.
Highlight Event and Entertainment AG
Tel.: +41 41 226 05 97
Fax: +41 41 226 05 98
End of ad hoc announcement
||Highlight Event and Entertainment AG
||+41 41 226 05 97
||+41 41 226 05 98
||SIX Swiss Exchange
|End of Announcement
||EQS Group News Service
717497 24-Aug-2018 CET/CEST