Switzerland's Highlight Communications Q1 sales fall on production timing, FX effects
Switzerland's Highlight Communications Q1 sales fall on production timing, FX effects
Overview
Switzerland media and event group's Q1 sales fell 20% yr/yr due to production timing, FX effects
Q1 EBIT and net loss improved significantly on cost savings and lower operating expenses
Outlook
Company expects higher revenues in third quarter due to major theatrical releases
Result Drivers
PRODUCTION TIMING & FX - Q1 sales fell due to production-related factors and foreign currency effects
COST SAVINGS - EBIT and net loss improved on cost savings and optimization of operating activities
Company press release: ID:nEQbl3b14a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales |
| CHF 63.90 mln |
|
Q1 EPS |
| -CHF 0.1 |
|
Q1 Net Income |
| -CHF 7.9 mln |
|
Q1 EBIT |
| -CHF 6.1 mln |
|
Q1 Operating Expenses |
| CHF 83.60 mln |
|
Analyst Coverage
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 32 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Highlight Communications AG
See all newsSwitzerland's Highlight Communications Q1 sales fall on production timing, FX effects
Brief: Highlight Communications Q1 EBIT CHF -6.1 Million
Brief: Highlight Communications Q3 EBIT CHF -31.6 Million
Brief: Highlight Communications H1 EBIT CHF -27.6 Million
Brief: Highlight Communications Q3 Net Loss at CHF -18.2 Million