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HLG Highlight Communications AG News Story

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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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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