DGAP-News
Highlight Group closes fiscal year 2015 with very positive results - Seite 2
excellent results of German productions, segment earnings improved
significantly by 26.5% to CHF 17.2 million (previous year: CHF 13.6
million).
In the Sports- and Event-Marketing segment, the TEAM Group successfully
handled the marketing process for the commercial rights for the 2015/16 to
2017/18 seasons of the UEFA Champions League and the UEFA Europa League.
The performance targets agreed with UEFA were achieved in good time,
meaning that TEAM could conclude a new agency agreement with UEFA. The new
agreement covers the marketing of the rights for the 2015/16 to 2020/21
seasons. If the TEAM Group performs appropriately in this period, the
agreement will be automatically Extended to the 2021/22 to 2023/24 seasons.
The segment's external sales of CHF 51.7 million were slightly higher than
in the previous year (CHF 49.9 million). Driven by additional project
expenses and higher segment charges, segment expenses rose from CHF 29.5
million to CHF 33.1 million, which meant that segment earnings decreased
from CHF 22.4 million to CHF 21.0 million.
In the Other Business Activities segment, the activities of Highlight Event
AG in 2015 were mainly focused on the Vienna Philharmonic Orchestra, as
some of the TV and sponsorship contracts were up for renewal. In this
context, the important framework agreement with the European Broadcasting
Union was extended. External sales in the Other Business Activities segment
were virtually unchanged year-on-year at CHF 3.4 million (CHF 3.5 million).
The segment loss was reduced from CHF 1.9 million to CHF 1.4 million.
As announced in the ad-hoc disclosure of February 2, 2016, the Highlight
Group will concentrate on the two segments Film and Sports- and
Event-Marketing. In the framework of the reorganization and refocusing of
the Group, the company will dispose of the "Other Business Activities"
segment, which has not contributed significantly to the results of the
Group as a whole in the past, during the current fiscal year. In this
context, the investment in Highlight Event & Entertainment AG was sold in
the first quarter.
Targets for fiscal year 2016
For the current fiscal year, the Highlight Group is expecting consolidated
sales of CHF 440 million to CHF 460 million and a consolidated net profit
for the period attributable to shareholders of CHF 18 million to CHF 20
million. Key items in the theatrical slate for the current year are the
promising Steven Spielberg production "The BFG - Big Friendly Giant", the
bestseller adaptation "Girl on a Train" and the screen adaption of the TV
in the previous year (CHF 49.9 million). Driven by additional project
expenses and higher segment charges, segment expenses rose from CHF 29.5
million to CHF 33.1 million, which meant that segment earnings decreased
from CHF 22.4 million to CHF 21.0 million.
In the Other Business Activities segment, the activities of Highlight Event
AG in 2015 were mainly focused on the Vienna Philharmonic Orchestra, as
some of the TV and sponsorship contracts were up for renewal. In this
context, the important framework agreement with the European Broadcasting
Union was extended. External sales in the Other Business Activities segment
were virtually unchanged year-on-year at CHF 3.4 million (CHF 3.5 million).
The segment loss was reduced from CHF 1.9 million to CHF 1.4 million.
As announced in the ad-hoc disclosure of February 2, 2016, the Highlight
Group will concentrate on the two segments Film and Sports- and
Event-Marketing. In the framework of the reorganization and refocusing of
the Group, the company will dispose of the "Other Business Activities"
segment, which has not contributed significantly to the results of the
Group as a whole in the past, during the current fiscal year. In this
context, the investment in Highlight Event & Entertainment AG was sold in
the first quarter.
Targets for fiscal year 2016
For the current fiscal year, the Highlight Group is expecting consolidated
sales of CHF 440 million to CHF 460 million and a consolidated net profit
for the period attributable to shareholders of CHF 18 million to CHF 20
million. Key items in the theatrical slate for the current year are the
promising Steven Spielberg production "The BFG - Big Friendly Giant", the
bestseller adaptation "Girl on a Train" and the screen adaption of the TV
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