EQS-News: Highlight Group publishes results for the first quarter of 2023

PRESS RELEASE

Highlight Group publishes results for the first quarter of 2023

• The equity ratio is 28.2% (previous year: 29.3%).
• At CHF 81.2 million, consolidated revenue was CHF 6.9 million below the previous year's figure
• EBIT decreased to -5.6 million CHF (previous year -4.2 million CHF)

The Highlight Group’s consolidated revenue and EBIT developed as expected in the first quarter of 2023.

Group development in the first quarter of 2023

• The decline in sales revenues resulted from foreign currency effects. At CHF 25.7 million, capitalized film productions and other own work capitalized were CHF 15.8 million higher than in the previous year.
• As in the previous year, Group operating expenses increased by CHF 7.9 million or 7.4% to CHF 114.7 million due to production. Production costs in the Film segment were largely responsible for this.
• As a result, EBIT amounted to CHF -5.6 million, compared to CHF -4.2 million in the same quarter of the previous year, and the net result for the period was CHF -9.5 million, compared to CHF -7.6 million in the same quarter of the previous year.
• Equity decreased to CHF 177.6 million compared to CHF 186.0 million at year-end 2022.

The quarterly statement as of March 31, 2023 is available for download at www.highlight-communications.ch from today.