EQS-News: Highlight Group publishes results for the first half of 2024

PRESS RELEASE

Highlight Group publishes results for the first half of 2024

• Consolidated sales amounted to CHF 182.9 million (previous year: CHF 186.3 million).
• The equity ratio amounts to 24.1% (December 31, 2023: 26.8%).
• EBIT improved to CHF -5.8 million (previous year CHF -10.4 million).

Pratteln, August 27, 2024 – Consolidated sales and operating result of the Highlight Group developed as expected in the first half of 2024.

Group development in the first half of 2024

• At CHF 182.9 million, consolidated sales were 1.8% below the figure for the same period of the previous year.
  • In the first half of 2024, revenue in the Film segment decreased due to production-related factors, while revenue in the Sports and Event segment increased compared to the first half of 2023. 
  • The Film segment recorded a production-related decline of CHF 9.3 million, while sales in the Sports and Event segment were CHF 5.8 million higher than in the same period of the previous year.
• This resulted in EBIT of CHF -5.8 million compared to CHF -10.4 million in the previous year and a consolidated net result for the period of CHF -12.0 million compared to CHF -18.8 million.
• The Highlight Group’s financial position remains solid as of June 30, 2024:
  • The Group’s equity ratio is at 24.1% (December 31, 2023: 26.8%)

The interim report as of June 30, 2024 is available for download at www.highlight-communications.ch from today.