Business
Annual Report 2024 : HLEE Group with stable result in 2024 financial year
Annual Report 2024 : HLEE Group with stable result in 2024 financial
About this update from Highlight Event & Entertainment Ag
[{"type":"text","content":"\nHighlight Event and Entertainment AG / Key word(s): Annual Results\n\nAnnual Report 2024 : HLEE Group with stable result in 2024 financial year \n30-Apr-2025 / 18:00 CET/CEST\n\nRelease of an ad hoc announcement pursuant to Art. 53 LR\n\nThe issuer is solely responsible for the content of this announcement.Ad hoc announcement pursuant to Art. 53 LR \n\nPratteln, April 30, 2025Annual Report 2024 HLEE Group with stable result in 2024 financial yearConsolidated sales were CHF 404.1 million (previous year: CHF 421.4 million) due to production-related factors\n EBIT amounted to CHF -13.6 million (previous year: CHF -3.5 million)\n The equity ratio decreased to 26.3 % (previous year: 29.4 %). Consolidated total assets rose to CHF 806.9 million (previous year: CHF 790.5 million)Development of operating segments in 2024Film segment:\n\nSeven movies were released in German theaters in the 2024 reporting year, “Chantal and the Magic Kingdom” und “Der Spitzname”. Both titles made it into the top 20 most successful movies released in Germany in 2024.\n\nIn license trading/TV exploitation, licenses were again sold for several in-house and third-party productions, with established and also new partners, in 2024 as well. The highest-grossing films in 2024 were “Chantal and the Magic Kingdom” (“Chantal im Märchenland”), “Der Nachname”, “Contra”, “Rehragout-Rendezvous”, “Das perfekte Geheimnis”, and “Maybe I Do”.Sports and Events segment\n\nIn the Sports and Events segment, TEAM Marketing AG focused on marketing rights and developing coverage of UEFA club competitions at the end of the third and final season of the 2021/22 to 2023/24 business cycle and preparing for the 2024/25 to 2026/27 business cycle.\n\nIn the reporting year, Sport1 Medien AG focused on optimizing its portfolio of rights, improving and creating new digital content and marketing environments in addition to cross-platform content exploitation, networking and capitalization.\n\nHighlight Event AG’s business activities focused on the intensive support and realization of the agreements with the main sponsors of the Vienna Philharmonic on the one hand and the marketing for the Eurovision Song Contest 2025on the other hand.Outlook for 2025\n\nVarious factors such as inflation, rising energy prices, consumer behavior, and the current political crises are creating increas...