EQS-News: The Highlight Group publishes results for first quarter of 2024

PRESS RELEASE

The Highlight Group publishes results for first quarter of 2024

• The equity ratio is 25.5% (previous year: 26.8%).
• Consolidated sales of CHF 78.7 million were CHF 2.4 million below the previous year’s figure
• EBIT decreased to CHF -5.9 million (previous year: CHF -5.6 million).

Pratteln, May 28, 2024 – The Highlight Group’s consolidated revenue and EBIT developed as expected in the first quarter of 2024.

Group development in the first quarter of 2024

• The sales decline was due to film production. At CHF 28.2 million, capitalized film production costs and other own work capitalized increased by CHF 2.5 million year-on-year.
• Consolidated operating expenses remained almost at the previous year’s level and increased only slightly by CHF 0.7 million or 0.6% year-on-year to CHF 115.4 million.
• As a result, EBIT amounted to CHF -5.9 million, compared to CHF -5.6 million in the same quarter of the previous year, and the consolidated net result for the period improved by CHF 1.2 million year-on-year from CHF -9.5 million to CHF -8.3 million.
• At CHF 160.4 million, equity remained stable compared to the end of 2023.

The quarterly statement as of March 31, 2024 is available for download at www.highlight-communications.ch from today.