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HIGHLIGHT EVENT AND ENTERTAINMENT AG (FRA:L60) EQS-Adhoc: Konzernentwicklung im 1. Halbjahr 2019

Directive transparence : information réglementée

21/08/2019 17:50

EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s): Half Year Results
Konzernentwicklung im 1. Halbjahr 2019

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

  • 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.
     
  • 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).
     
  • 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".
     
  • 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

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

 

HLEE Group at a glance    
Group figures according to IFRS    
       
in CHF million HY1/2019 HY1/2018 Change in %
Sales 235.8 241.4 -2.3
EBIT -6.4 2.7 -337.0
Consolidated net income -12.6 -7.9 -59.5
Net income attributable to shareholders -5.8 -3.9 -48.7
Earnings per share (in CHF) -0.68 -0.46 -47.8
Segment sales      
Film 140.9 147.2 -4.3
Sports- and Event-Marketing 32.9 30.0 9.7
Sports 60.2 62.3 -3.4
Event Marketing 1.7 1.9 -10.5
Segment earnings      
Film -2.5 3.2 -178.1
Sports- and Event-Marketing 16.2 14.9 8.7
Sports -18.8 -12.5 -50.4
Event Marketing 0.4 0.8 -50.0
       
in CHF million June 30, 2019 Dec. 31, 2018 Change in %
Total assets 951.7 965.0 -1.4
Equity 371.3 391.3 -5.1
Equity ratio (%) 39.0 40.5 -1.5 points
Current financial liabilities 221.0 189.7 16.5
Cash and cash equivalents 50.2 59.3 -15.3
       
 


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: info@hlee.ch
Internet: www.hlee.ch
ISIN: CH0003583256
Valor: 896040
Listed: SIX Swiss Exchange
EQS News ID: 861225

 
End of Announcement EQS Group News Service

861225  21-Aug-2019 CET/CEST

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