openPR Logo
Press release

DEAG increases Group result after nine months by 128 percent

11-26-2011 09:06 AM CET | Arts & Culture

Press release from: DEAG Deutsche Entertainment AG

• Group result increase to EUR 2.0 million after EUR 0.9 million during the prior year period
• EBIT rises to EUR 5.7 million (EUR 3.6 million)
• EBITDA grows to EUR 6.5 million (EUR 4.4 million)
• Sales revenues increase to EUR 93.9 million (EUR 83.3 million)

Berlin, November, 25, 2011 - DEAG Deutsche Entertainment AG (ISIN DE000A0Z23G6) has continued its growth course with a significant, disproportionate rise in Group results during the first nine months of fiscal 2011.

Consolidated sales revenues grew, based on preliminary numbers, during the first three quarters by 13% from EUR 83.3 million to EUR 93.9 million. EBITDA went up by 46% from EUR 4.4 million to EUR 6.5 million. EBIT improved by 61% from EUR 3.6 million to EUR 5.7 million. During the third quarter sales revenues were on the level of the previous year in the amount of EUR 29.2 million, whilst the
consolidated net income turned from EUR -0.3 million to EUR 0.2 million. On a quarterly basis this corresponds to earnings per share of EUR 0.02. Due to the result mix there has been a significant drop in the share of the tax rate and the minority interest in the result, with a slightly improved financial result for the nine month period. The consolidated result climbed in a disproportionate manner from EUR 0.9 million by 128% to around EUR 2.0 million. For the first three quarters this amounts to earnings per share of EUR 0.16, after EUR 0.07 during the prior year period.

The successful business development during the first nine months of fiscal 2011 is based on an attractive offering of concerts and tours in conjunction with the consistent implementation of the 360° approach. DEAG has further consolidated its positioning as an integrated Entertainment Content Company. The Executive Board anticipates once more a good year-end business. The strong fourth quarter will in particular be supported by the British company, Raymond Gubbay Ltd, which is now wholly owned by the DEAG Group, with numerous Christmas and popular classical music productions. Other segments, too, will contribute very good results.

For 2012 the pipeline is very well filled and the sales already made for the coming year allow for a
positive outlook. More than 150,000 tickets for the Peter Maffay show “Tabaluga – Signs of the Times”, which will start in Fall 2012, have already been sold. In the same way tours with David Garrett, Anna Netrebko and Erwin Schrott and in-house productions such as the Seefestspiele Berlin festival with “Carmen”, directed by Volker Schlöndorff in Berlin and the opera production “Aida” in the Royal Albert Hall in London, will be amongst the highlights of the 2012 program.

The interim report including the final numbers for the first nine months 2011 will be available as of November 30, 2011 in the Investor Relations section at www.deag.de.

DEAG is one of the leading providers of live entertainment and the largest organizer of classical events in Europe. With subsidiaries in Germany, the UK and Switzerland, DEAG stages 1,000+ events per year in the fields of rock/pop, classical and German music. The company, which also operates venues near Frankfurt and in Zurich, draws on 30+ years of experience. In the concert business, DEAG acts as both tour organizer and local promoter, ensuring additional risk diversification through its broad positioning. During FY 2009, DEAG continuously enhanced its value chain by implementing a comprehensive “360-Degree Approach”. With its own music label DEAG Music, a wide range of activities in recording rights, sponsoring and marketing, and powerful partners such as Sony Music Entertainment, Ringier AG et al, DEAG is perfectly positioned as an integrated and highly synergistic international entertainment content company.

For further information please contact:
Axel Muehlhaus, edicto GmbH,
Eschersheimer Landstraße, 60322 Frankfurt
Tel: +49 69 90 550 552
Email: deag@edicto.de

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release DEAG increases Group result after nine months by 128 percent here

News-ID: 202149 • Views: 1743

More Releases from DEAG Deutsche Entertainment AG

DEAG reports about 2015 marked by non-recurring effects and gives a positive out …
• Sales revenues after consolidation jump significantly to more than EUR 200 million • Non-recurring expenditure has also burdened the earnings during the full year, as expected: EBIT EUR -17.8 million • Successful setting of the strategic courses in Live Entertainment und Ticketing • Market share of myticket continues to grow • Clear operation in the black anticipated for 2016 – current forecast might be outperformed Berlin, April 15, 2016 – DEAG Deutsche Entertainment AG (ISIN: DE000A0Z23G6 | symbol: ERMK)
DEAG AGM approves amendment to the bylaws and all other agenda items with a larg …
Berlin, June 25, 2015 – The shareholders of DEAG Deutsche Entertainment AG (ISIN DE000A0Z23G6/WKN A0Z23G) have approved at today’s Annual General Meeting in Berlin, which lasted just under 100 minutes, all agenda items with a large majority. The amendment to the bylaws was adopted with 100 %. It concerns the extension of the object of the company by adding the distribution and marketing of tickets. All other agenda items were
Board complete: Kai Ricke, COO of MyTicket AG
The longstanding head of distribution of STAGE Entertainment transfers as second member of the Board to the DEAG subsidiary myticket.de Berlin, February 26, 2015 – DEAG Deutsche Entertainment Aktiengesellschaft (ISIN DE000A0Z23G6) continues to expand its direct distribution platform myticket.de: Kai Ricke (49) becomes a new member of the Executive Board of Hamburg-based myticket.de. As an excellent distribution pro in the entertainment industry, he has been appointed by the Supervisory Board of Myticket
DEAG is ahead of plan after nine months and anticipates strong full year 2014
Ad hoc announcement in accordance with § 15 WpHG (German Securities Trading Act) • Sales revenues 3.4% and EBITDA 3.5% higher • Own ticket distribution Myticket.de successfully launched • Positive outlook for the full year 2014 and the new year 2015 Berlin, November 28, 2014 – DEAG Deutsche Entertainment Aktiengesellschaft, Potsdamer Strasse 58, 10785 Berlin, (ISIN DE000A0Z23G6/WKN A0Z23G), listed in the Prime Standard of the Frankfurt Stock Exchange, has continued its positive development of sales revenues and

All 5 Releases


More Releases for EUR

Archiware delivers professional Archive and Backup for 1,000 EUR
Archiware GmbH, manufacturer of the media-focussed data management software suite Archiware P5, now offers the new, affordable P5 Desktop Edition. The new license bundle caters to small teams and single users willing to professionally archive their media. Director and DOP Anton Nelson showcases what the P5 Desktop Edition can do in a beautiful testimonial. Munich, February 4th, 2019 - Keeping media safe is crucial in media production – be it raw
onlineprinters.com invests more than EUR three million in production
New 8-colour offset printing press expands online print shop's capacity Neustadt an der Aisch, Germany – By investing more than EUR three million, Onlineprinters, the internationally operating online print shop, has expanded the production facilities at its German site. Extra offset printing capacity was added in September with the purchase of a new state-of-the-art 8-colour printing press, the Heidelberger Speedmaster XL 106-8P, including a new CTP system for digital printing plate
EUR 155,000 for Safe Zones Project
Eichsfeld Festival Attracts 25,000 Music Fans to Downtown Duderstadt "Tonight is going to rock!" It was with these words that initiators Professor Hans Georg Näder and Peter Maffay opened the 2012 Eichsfeld Festival this past Saturday. Around 25,000 music fans followed the invitation to experience top-class live performances in the Marktstraße of Duderstadt that day. Peter Maffay, Ich + Ich and four regional special guests did more than just wow the
Clariant successfully issues EUR 500 million Eurobond
Muttenz, January 17, 2012 – Today, Clariant successfully priced an Eurobond transaction of EUR 500 million with a tenor of 5 years, issued by Clariant Finance (Luxembourg) S.A. and guaranteed by Clariant Ltd. The fixed rate notes with a minimum denomination of EUR 100,000 and a final coupon of 5 ⅝ % p.a. are maturing on January 24, 2017. The orderbook was significantly oversubscribed on the back of strong investor demand.
VSCloud – cloud services from 0.78 EUR per day
On 15th of August, at a press conference, the unique cloud project named VSCloud was presented which provides cloud services of IaaS (Infrastructure as a Service) type. After three months, VSCloud can boast with hundreds of active users mainly from the Czech Republic and Slovakia. The leadership of VSCloud foresees that the number of first thousand active users will be surpassed by the end of this year. What are the advantages
“Die Presse” Scholarship in the amount of EUR 15000
MSc Program Environmental Technology and International Affairs The shortage of environmental resources and the dealing with pollution are challenges which the international society of the 21st century has to face. Climate change, water shortage and air pollution are only some of the problems which have to be solved. The purpose of a sustainable development can be reached only if decision makers dispose of a comprehensive education. The cooperation between the Vienna University