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HIGHLIGHT EVENT AND ENTERTAINMENT AG (FRA:L60) EQS-Adhoc: 2018 Half-Year Report

Directive transparence : information réglementée

24/08/2018 17:40

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.

Contact information:
Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln

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

717497  24-Aug-2018 CET/CEST

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