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Highlight Event and Entertainment AG

EQS-Adhoc: 2016 Half-Year Report


EQS Group-Ad-hoc: Highlight Event and Entertainment AG / Key word(s): Half Year
Results
2016 Half-Year Report

31.08.2016 / 17:41
Release of an ad hoc announcement pursuant to Art. 53 KR.


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The purchase of strategic investments in the media and digital entertainment
sectors increased total assets from CHF 20.2 million as of December 31, 2015, to
CHF 52.7 million as of June 30, 2016.
 Consolidated net loss amounted to CHF 0.5 million (compared to CHF 0.4 million
net loss for the same period of the previous year). The loss is largely
attributed to various expenses related to reorganization and new investments.
With the acquisition of 75.4% of the shares in Highlight Event and Entertainment
AG (HLEE) by Bernhard Burgener (Chairman and Delegate of the Board of Directors)
in February of this year (current shareholding 64.5%), the Company began
implementing its new business strategy. In addition to the expanded operating
focus, this also includes investment activities. To supplement the traditional
activity as marketer of the Eurovision Song Contest and the concerts of the
Vienna Philharmonic, the acquisition of strategic investments in selected media,
technology, and entertainment companies is intended to lay the foundation for
the establishment of a global marketing platform for live entertainment.

The largest investment in the first half of 2016 was the acquisition of 10.29%
of the shares in Constantin Medien AG, which is listed on the German stock
market. This investment was booked at a market value totaling CHF 27.7 million
as of June 30, 2016. In addition, HLEE concluded a pooling agreement with a
number of other shareholders of Constantin Medien AG on June 16, 2016.
Altogether, the pool members had a 29.28% stake in Constantin Medien AG as of
June 30, 2016.

HLEE is planning further strategic investments in the global entertainment
marketing sector to be managed under the heading "Highlight Investments."

"We are focusing on the establishment of a forward-looking event-marketing
company that will benefit from the radical global changes in the live
entertainment sector," says Bernhard Burgener, Chairman and Delegate of the
Board of Directors of HLEE.

The detailed 2016 Half-Year Report is available atwww.hlee.ch.

Contact details
Highlight Event and Entertainment AG
Netzibodenstrasse 23b
4133 Pratteln, Switzerland

Bernhard Burgener
Chairman of the Board of Directors
Tel: +41 41 226 05 97
Fax: +41 41 226 05 98
 
info@hlee.ch
http://www.hlee.ch
Important notice:

This Media Release may contain forward-looking statements, such as expectations,
plans, intentions, or strategies for the future. Such statements entail
uncertainty and risk. The reader must therefore be aware that such statements
may deviate from actual events in the future. All forward-looking statements in
this Media Release are based on data available to HLEE as of the date this Media
Release was published. HLEE is under no obligation whatsoever to update
forward-looking statements in this Media Release at a later date on the basis of
new information, future events, or similar.

End of ad hoc announcement
Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=YDPHAFLGDL
Document title: 2016 Half-Year Report Highlight Event and Entertainment AG

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31.08.2016 News transmitted by Tensid EQS AG. www.eqs.com

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Language: English

Company:  Highlight Event and Entertainment AG

          Netzibodenstrasse 23b

          4133 Pratteln

          Switzerland

Phone:    +41 41 226 05 97

Fax:      +41 41 226 05 98

E-mail:    info@hlee.ch

Internet: www.hlee.ch

ISIN:     CH0003583256

Valor:    896040

Listed:   Foreign Exchange(s) SIX


End of News EQS Group News Service
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497775  31.08.2016 

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