DGAP-Media: Q3 2010: Highlight Group on track
(firmenpresse) - DGAP-Media: Highlight Communications AG / Key word(s): Finance/
Q3 2010: Highlight Group on track
17.11.2010 / 18:11
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Press Release
- Net profit for the period up 34.7% to CHF 26.8 million
- Net debt reduced by CHF 29.5 million to CHF 87.3 million
- Sales and earnings targets confirmed for 2010 as a whole
Pratteln, November 17, 2010
After the first nine months of the current fiscal year, sales of the
Highlight Group are in line with expectations at CHF 293.8 million
(previous year's period: CHF 351.4 million). Parallel to this, consolidated
expenses were cut by CHF 60.1 million to CHF 335.5 million while other
income was kept relatively stable at CHF 76.1 million (previous year's
period: CHF 80.1 million).
The net profit for the period rose by 34.7% to CHF 26.8 million. The
interests of Highlight Communications AG's shareholders increased by 16.2%
to CHF 21.5 million, corresponding to earnings per share of CHF 0.47
(previous year's period: CHF 0.40).
The Sports- and Event-Marketing segment performed well in the first three
quarters of 2010. Due to the marketing success for the UEFA Champions
League and the UEFA Europa League, external sales increased by 12.3%
compared to the previous year's period from CHF 68.2 million to CHF 76.6
million. At the same time, the segment result improved by 13.0% from CHF
27.0 million in the previous year to currently CHF 30.5 million.
However, at CHF 217.1 million, external sales in the Film segment were down
23.4% on the previous year's figure (CHF 283.2 million), which had
benefited from unusually successful hit films ('Wickie und die starken
Männer', 'Männersache' and 'Horst Schlämmer - Isch kandidiere!'). As
anticipated, the theatrical distribution business area was unable to match
the previous year's high levels for revenues and moviegoers due to the fact
that 2010's big titles were not released until the end of the third
quarter. Accordingly, the result of the Film segment declined from CHF 13.4
million to CHF 7.4 million.
In terms of liquidity, the Highlight Group had cash and cash equivalents of
CHF 234.8 million as of September 30, 2010 - an increase of CHF 33.7
million as against the figures at the end of 2009 (CHF 201.1 million). This
was offset by financial liabilities of CHF 322.1 million (December 31,
2009: CHF 317.9 million). Correspondingly, net debt dropped by CHF 29.5
million to CHF 87.3 million.
The Highlight Group expects the positive business performance to date to
continue in the current fourth quarter and is therefore confirming its
sales (between CHF 420 million and CHF 440 million) and earnings (between
EUR 0.42 and EUR 0.44 per share) forecast for 2010 as a whole.
The German interim report as of September 30, 2010 is available for
downloading from the company's website www.highlight-communications.ch as
of today. The English version will be available from November 19, 2010.
For questions, please contact:
HIGHLIGHT COMMUNICATIONS AG
Investor Relations
Netzibodenstrasse 23b
4133 Pratteln / Switzerland
Phone: +41 61 816 96 91
E-mail: ir(at)hlcom.ch
End of Media Release
17.11.2010 Dissemination of a Press Release, transmitted by DGAP - a
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Language: English
Company: Highlight Communications AG
Netzibodenstrasse 23b
4133 Pratteln
Schweiz
Phone: +41 61 816 96 96
Fax: +41 61 816 67 67
E-mail: info(at)hlcom.ch
Internet: www.hlcom.ch
ISIN: CH0006539198
WKN: 920299
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Hamburg, München, Berlin, Düsseldorf,
Hannover, Stuttgart
End of News DGAP News-Service
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103848 17.11.2010
Datum: 17.11.2010 - 18:11 Uhr
Sprache: Deutsch
News-ID 32652
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Kategorie:
Business News
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