Highlight Event and Entertainment AG: Half Year Results Konzernentwicklung im 1. Halbjahr 2019 Mittwoch, 21. August 2019 - 17:50
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.
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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 -5.8 -3.9 -48.7 shareholders Earnings per share (in CHF) -0.68 -0.46 -47.8 Segment sales Film 140.9 147.2 -4.3 Sportsand 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 Sportsand 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, Dec. 31, Change in 2019 2018 % 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
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End of ad hoc announcement
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