DEAG increases Group result after nine months by 128 percent
• 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
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
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