Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Friday 22 November, 2019

DEAG Deutsche Entertainment Ak

DEAG on growth course after successful first nine months of 2019

DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Preliminary Results
DEAG Deutsche Entertainment Aktiengesellschaft: DEAG on growth course after successful first nine months of 2019
22.11.2019 / 09:05
The issuer is solely responsible for the content of this announcement.


Corporate News

DEAG on growth course after successful first nine months of 2019

- Business once again develops fully in line with expectations in the third quarter

- Group sales of EUR 123.1 million after nine months,

EBITDA margin nearly doubles to 6.5 percent

- Very strong fourth quarter expected

- Ticketing headed for a record year

- Further acquisition in finalization phase

Berlin, 22 November 2019 - According to preliminary figures, DEAG Deutsche Entertainment Aktiengesellschaft (Prime Standard, ISIN: DE000A0Z23G6, stock exchange symbol: LOUD, "DEAG") is reporting a successful course of business in the first nine months of the financial year 2019. Sales and earnings before interest, taxes, depreciation and amortisation (EBITDA) were in line with the company's ambitious plans. In the third quarter, sales rose significantly by 70 percent from EUR 34.8 million to EUR 59.2 million. EBITDA increased to EUR 4.9 million from July to September 2019, up from EUR 0.9 million the previous year. This year, the focus of sales is on the second half of the year as planned and on the fourth quarter, in particular. This is characterised by the many sold out events in all divisions and by the Christmas business that includes national and international Christmas events. Accordingly, DEAG expects the fourth quarter of 2019 to be one of the strongest quarters in the company's history.

After nine months, Group sales totalled EUR 123.1 million (sales before consolidations EUR 130.6 million) after EUR 152.9 million in the same period of the previous year. Operating EBITDA for the first nine months was EUR 8.0 million, compared to an adjusted figure of EUR 5.1 million in the same period of the previous year. Earnings were thus fully in line with expectations. The EBITDA margin was also within DEAG's target corridor at 6.5 percent after nine months and 8.3 percent in the third quarter.

The fourth quarter of 2019 was heavily impacted by the high density of events and intensive pre-sales for events to be held in 2020, a significant share of which were sold via DEAG's own ticketing platforms, leading to record results for MyTicket.de and MyTicket.co.uk in 2019. Based on these general conditions and the strong third quarter, DEAG is on a sound forecasting course for 2019. DEAG is also currently in the final phase of negotiations on acquiring yet another ticketing company.

DEAG will publish final figures on 29 November 2019 together with the quarterly report as of 30/09/2019. The quarterly report is available on www.deag.de.

About DEAG
DEAG Deutsche Entertainment Aktiengesellschaft (DEAG) is a leading entertainment service company and a provider of Live Entertainment in Europe with subsidiaries in its core markets. DEAG produces and profitably organises a broad range of live entertainment events and concerts. As a Live Entertainment service company with an integrated business model, DEAG has extensive expertise in the organisation, marketing and holding of events, as well as in ticket sales via its own ticketing platform 'MyTicket' for its own and third-party content. The highly scalable business model of MyTicket strengthens DEAG on its way to increasing profitability. DEAG promotes over 4,000 concerts and events a year and currently sells more than 5 million tickets, of which a steadily increasing share is sold via its high-turnover ticketing platform MyTicket.

Founded in Berlin in 1978 and listed since 1998, DEAG's core businesses include Rock/Pop, Classics & Jazz, Family Entertainment and Arts+Exhibitions. The Family Entertainment and Arts+Exhibitions divisions in particular are of great importance to the further development of DEAG's own content. With its strong partner network, DEAG is excellently positioned in the market as an internationally active Live Entertainment service company.

DEAG shares (ISIN: DE000A0Z23G6 | WKN: A0Z23G |ticker symbol: LOUD) are listed in the Prime Standard of the Frankfurt Stock Exchange, the quality segment of Deutsche Börse.

 

Investor & Public Relations
edicto GmbH
Axel Mühlhaus
Phone: 0049 69 905505-52
e-mail:[email protected]



22.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: DEAG Deutsche Entertainment Aktiengesellschaft
Potsdamer Straße 58
10785 Berlin
Germany
Phone: +49-30-810 75-0
Fax: +49-30-810 75-519
E-mail: [email protected]
Internet: www.deag.de
ISIN: DE000A0Z23G6, DE000A2NBF25
WKN: A0Z23G, A2NBF2
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London
EQS News ID: 919493

 
End of News DGAP News Service

919493  22.11.2019 

fncls.ssp?fn=show_t_gif&application_id=919493&application_name=news&site_id=financialexpress

a d v e r t i s e m e n t