News Column

DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft increases profit during 1st half-year 2014 and anticipates strong full year

August 29, 2014

DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Half Year Results DEAG Deutsche Entertainment Aktiengesellschaft increases profit during 1st half-year 2014 and anticipates strong full year 29.08.2014 / 12:02 --------------------------------------------------------------------- Corporate News DEAG increases profit during 1st half-year 2014 and anticipates strong full year * Earnings after minorities rise significantly * 2014 seasonal structure for events proves its worth * Bulging pipeline and high advance sales as a basis for a good 2nd half-year Berlin, August 29, 2014 - DEAG Deutsche Entertainment Aktiengesellschaft ("DEAG"), Berlin, (ISIN DE000A0Z23G6) has perfectly implemented its objectives in terms of sales revenues and earnings during the 1st half-year 2014. Against the backdrop of a seasonal event structure of the industry as a whole, which - not least due to large-scale events in summer such as the FIFA World Cup - will have its absolute highlights during the 4th quarter 2014, sales revenues had already slightly increased by the end of the first half-year. They rose from EUR 95.6 million during the prior year period to EUR 96.7 million. Despite high distribution expenses in anticipation of the sales revenue development during the 2nd half-year, earnings before interest and taxes (EBIT) of EUR 5.2 million were on the prior year level. Contributions to earnings from the acquisition in Great Britain are not yet included. Earnings after taxes and minorities jumped significantly on a Group level from EUR 0.2 million during the prior-year period to now EUR 3.1 million. In this connection it needs to be taken into account that the previous period included a one-off charge of almost EUR 2.5 million. Even after the deduction of this effect, there is a leap in earnings after taxes and minorities of 15 %. Consequently, DEAG believes that it is in an excellent starting position for the 2nd half-year 2014. This is also suggested by the deferred revenues which increased significantly versus prior year and reflect the already received income from ticket sales for future events. On June 30, 2014 they amounted to EUR 38.8 million and were around 52 % higher than a year ago. The further growth of DEAG proceeds from a sound financial basis. The free liquid funds increased versus the end of fiscal 2013 from EUR 22.9 million to EUR 33.9 million as at June 30, 2014. During the 2nd half-year, which will be dominated by the 4th quarter, the program will include, amongst others, upcoming concerts tours by Peter Gabriel, Andrea Bocelli, UB40, David Garrett, Lenny Kravitz, Lady Gaga, Neil Young, Backstreet Boys, Udo JÜrgens and Metallica, which will be supplemented by live events such as "Classical Spectacular", "Night of the Jumps" and the "Salto Vitale" tour of Circus Roncalli. Consequently, the Executive Board confirms its forecast according to which sales revenues and all relevant earnings indicators are to increase again during the full year 2014. The financial report on the 1st half-year 2014 will be available for download on in the Investor Relations section from August 29, 2014. DEAG Deutsche Entertainment AG The Executive Board Contact for further information: Axel MÜhlhaus, edicto GmbH Tel: +49-69-90 550 552 Email: About DEAG DEAG Deutsche Entertainment AG is a leading provider of Live Entertainment and the largest promoter of high-margin classical music events in Europe. With affiliated companies in Germany, the United Kingdom, Austria and Switzerland, DEAG promotes round about 2,000 events per year in the fields of Rock/Pop, Classical Music, German Hit Songs and Middle-of-the-Road Music as well as Family Entertainment, and sells about 4 million tickets per year. As an integrated Entertainment Content company, DEAG covers the entire value chain within the framework of its 360 degree approach. DEAG Deutsche Entertainment AG (ISIN DE000A0Z23G6) is listed in the Prime Standard segment of the Frankfurt Stock Exchange. For additional details: --------------------------------------------------------------------- 29.08.2014 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. Media archive at and --------------------------------------------------------------------- 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: Internet: ISIN: DE000A0Z23G6 WKN: A0Z23G Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÜsseldorf, Hamburg, MÜnchen, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 284688 29.08.2014

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: DGAP Corporate News

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters