Highlight Event and Entertainment AG: 2019 Annual Report Montag, 20. April 2020 - 17:50
Highlight Event and Entertainment AG / Key word(s): Annual Results Highlight Event and Entertainment AG: 2019 Annual Report
20-Apr-2020 / 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 Annual Report
HLEE Group records significant growth in consolidated net profit in fiscal 2019
Business at Highlight Event and Entertainment AG developed successfully overall in 2019.
* Consolidated net profit attributable to shareholders improved to CHF 7.2 million (previous year: CHF -14.5 million).
* At CHF 32.5 million, EBIT was well above the previous year's level (CHF -0.5 million). In the previous year, there were investments, set-up and high project costs for the World Boxing Super Series (WBSS).
* Earnings per share increased to CHF 0.84 (previous year: CHF -1.69).
* Consolidated sales amounted to CHF 504.6 million.
At CHF 973.5 million, consolidated total assets were CHF 8.5 million higher than in the previous year (CHF 965.0 million).
Development of the operating segments in 2019
The Film segment achieved its targets in fiscal 2019. There were twelve in-house and co-productions in total in theatrical production, including the Bora Dagtekin comedy "Das perfekte Geheimnis" and "Kaiserschmarrndrama", the seventh big-screen adaptation of a Rita Falk novel. Home entertainment exploitation retained a strong market position thanks to a balanced portfolio, including theatrical successes such as "Der Fall Collini" and "Ostwind - Aris Ankunft". In free TV, sales were generated in particular by the start of initial licenses.
In the Sport- and Event-Marketing segment, the TEAM group successfully completed the development of commercial concepts and rights packages for the 2021/22 to 2023/24 cycle of the UEFA Champions League, the UEFA Europa League, and the new UEFA European Conference League in the reporting year. TEAM experienced a strong start to its sales operations on both the media and the sponsorship sides, closing several key deals early on.
In the reporting year, the Sports segment continued to focus on optimizing its portfolio of rights, improving existing digital content and creating new digital content for cross-platform exploitation. The World Boxing Super Series (WBSS) successfully held both the semifinals and the super lightweight final in London as well as the bantamweight final in Tokyo in 2019. The bantamweight final was named the Fight of the Year 2019 by many experts and specialist magazines.
The Annual General Meeting for fiscal 2019 is scheduled to take place on June 26, 2020.
The detailed 2019 annual report is available at https://www.hlee.ch/en/Interim-reports.htm.
The HLEE Group at a glance Group figures in line with IFRS
CHF million 2019 2018 Change in % Sales 504.6 564.1 -10.5 EBIT 32.5 -0.5 n/a Consolidated net profit for the period 17.9 -20.2 n/a (after taxes) Consolidated net profit attributable to 7.2 -14.5 n/a shareholders Earnings per share (in CHF) 0.84 -1.70 n/a Segment revenues Film 303.6 364.4 -16.7 Sportsand Event-Marketing 64.7 63.7 1.6 Sports 132.9 133.1 -0.2 Event Marketing 3.1 2.9 6.9 Segment earnings Film 16.3 12.1 34.7 Sportsand Event-Marketing 29.2 31.5 -7.3 Sports -10.0 -34.8 n/a Event Marketing 1.1 0.9 22.2
CHF million Dec. 31, Dec. 31, Change 2019 2018 in % Total assets 973.5 965.0 0.9 Equity 360.4 391.3 -7.9 Equity ratio (%) 37.0 40.5 -3.5 points Current financial liabilities 139.1 189.7 -26.6 Cash and cash equivalents 55.3 59.3 -6.7 Contact: Highlight Event and Entertainment AG Investor Relations Netzibodenstrasse 23b 4133 Pratteln, Switzerland Tel.: +41 41 226 05 97 Fax: +41 41 226 05 98
info@hlee.ch http://www.hlee.ch
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End of ad hoc announcement
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