Fiscal year 2012: Highlight Group outperforms planning targets
(firmenpresse) - (DGAP-Media / 20.03.2013 / 18:14)
Pratteln, March 20, 2013
Despite a challenging market environment at times, the Highlight Group
concluded fiscal year 2012 with results ahead of its forecasts thanks to
its strong positioning in the film and sports rights marketing business.
- Consolidated sales rose to CHF 432.8 million - up CHF 49.3 million on
the previous year's figure (CHF 383.5 million). The target of CHF 370
million to CHF 390 million was thus comfortably beaten. This success is
due mainly to a strong slate of movies in theatrical distribution and
outstanding sales figures in home entertainment and TV service
production business.
- With a consolidated net profit for Highlight's shareholders of CHF
25.53 million and earnings per share of CHF 0.55 or EUR 0.46, earnings
were also above the target range of EUR 0.42 to EUR 0.44.
- As a result of this profit, consolidated equity (including
non-controlling interests) rose by CHF 20.0 million to CHF 116.0
million (December 31, 2011: CHF 96.0 million). Relative to total
assets, this equity corresponds to an equity ratio of 27.6% - an
improvement of more than eight percentage points as against December
31, 2011 (19.2%).
- Cash flow from operating activities climbed by CHF 41.6 million to CHF
156.3 million, financial liabilities declined by CHF 68.2 million to
CHF 136.0 million. Net debt now amounts to CHF 63.5 million.
External sales in the Film segment increased by 21.0% to CHF 353.4 million
(previous year's period: CHF 292.0 million) as a result of marketing
success in theatrical distribution and home entertainment. At the same
time, segment expenses climbed by 19.7% to CHF 424.6 million (previous
year's period: CHF 354.8 million), particularly due to the greater cost of
materials and licenses and higher amortization, depreciation and
impairment. As a result of these developments, segment earnings declined
from CHF 16.8 million to CHF 11.7 million.
The Sports- and Event-Marketing segment generated external sales of CHF
69.4 million (previous year's period: CHF 90.3 million). This decline in
sales is due to changes in the business relationship with UEFA, including
handing over match organization to UEFA, and the fact that music activities
have been hived off to the Other Business Activities segment. Segment
earnings improved to CHF 32.1 million (previous year's period: CHF 29.6
million).
The Other Business Activities segment, which was undergoing realignment in
fiscal year 2012, generated external sales of CHF 10.0 million (previous
year's period: CHF 1.2 million) and segment earnings of CHF -2.7 million
(previous year's period: CHF -1.5 million).
Based on the established business areas, and assuming that exchange rates
remain largely unchanged, the Highlight Group anticipates consolidated
sales of approximately CHF 350 million to CHF 400 million in the current
fiscal year and is currently forecasting a consolidated net profit.
The Board of Directors of Highlight Communications AG will propose to the
Annual General Meeting that a dividend of CHF 0.17 per dividend-bearing
share be distributed for fiscal year 2012. The Annual General Meeting for
fiscal year 2012 will be held on May 31, 2013 in the Courtyard by Marriott
Basel in Pratteln.
The German annual report for 2012 will be available to download at
www.highlight-communications.ch starting from this evening, and the English
version from March 27, 2013.
End of Media Release
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Issuer: Highlight Communications AG
Key word(s): Finance
20.03.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Highlight Communications AG
Netzibodenstrasse 23b
4133 Pratteln
Switzerland
Phone: +41 61 816 96 96
Fax: +41 61 816 67 67
E-mail: ir(at)hlcom.ch
Internet: www.hlcom.ch
ISIN: CH0006539198
WKN: 920299
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP-Media
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