Highlight Communications Unveils 2023 Fiscal Year Results: A Closer Look

• Highlight Group's consolidated sales for fiscal year 2023 amounted to CHF 421.3 million, a decrease from the previous year's CHF 523.8 million due to production-related factors and foreign currency effects.
• The operating profit (EBIT) fell by 52.9% to CHF 6.9 million due to foreign currency effects and declining consumer behavior.
• The share of earnings attributable to Highlight shareholders decreased to CHF -10.6 million.
• The equity ratio decreased to 26.8% as at December 31, 2023.
• Sales in the Film segment fell by 29.1% to CHF 253.6 million, while sales in the Sports and Event segment increased by 0.8% to CHF 167.7 million.
• Peter von Büren, CFO of the Highlight Group, will step down from the Management Board as of June 30, 2024, and will be succeeded by Hasan Dilsiz.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at Highlight Communications is on 15.05.2024.

The price of Highlight Communications at the time of the news was 2,3400EUR and was down -2,50 % compared with the previous day.

Highlight Communications

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-47,85 %

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-57,73 %

ISIN:CH0006539198WKN:920299

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