DEAG Deutsche Entertainment AG with a successful first quarter 2012
- Earnings per share of EUR 0.04 despite high advance payments for future concerts
- Minority shares further reduced and financial result improved
- Foundation for further strong quarters created – outlook positive
Berlin, May 30, 2012 - DEAG Deutsche Entertainment AG (ISIN code DE000A0Z23G6) has continued its growth course during the first quarter of fiscal 2012. Sales revenues rose during the seasonally rather weak period by 14% to EUR 27.2 million and outperformed forecasts. The gross result increased by 20% to EUR 6.9 million. As an integrated entertainment content company, DEAG succeeds increasingly in optimizing the margin of revenue sources along the value chain. The successful business development was driven by the dynamically rising market share of Ticketmaster Germany. The joint venture of Live Nation Entertainment and DEAG was already exclusively responsible for ticketing at several tours and is used by DEAG with an increasing tendency as a distributor with attractive terms and conditions. Despite high advance expenses in distribution for events in the coming quarters, earnings per share of EUR 0.04 (prior year EUR 0.04, too) was achieved in Q1/2012.
The good result also benefitted from the further reduction in minority shares and the improvement of the financial result. In the further course of the year DEAG sees the seasonal focus in particular during the fourth quarter. The foundation for successful events in the coming months has already been created during the last quarter through intense marketing and distribution activities. During the coming quarters DEAG will present successful artists like Peter Maffay, David Garrett and Hansi Hinterseer just as international megastars like Lady Gaga, Bruce Springsteen, Coldplay, Metallica and Madonna.
The advance sales for future events record a very positive development and allow for rather safe forecasts – even for the fourth quarter of 2012 around 600,000 tickets have already been sold. DEAG is, therefore, rather optimistic for the further course of the year and anticipates a continuation of its successful business development. This will also be supported by the ongoing expansion of activities in countries like Denmark, Poland and Luxembourg.
The interim report 1st quarter 2012 will be available as of May 31, 2012 in the Investor Relations section at www.deag.de.
DEAG Deutsche Entertainment AG
DEAG Deutsche Entertainment AG is a leading provider of live entertainment and the largest organizer of high-margin classical events in Europe. Founded in 1978 and stock-listed since 1998, the company draws on 30+ years of experience.
With group companies in Germany, the UK and Switzerland, DEAG stages 1,500+ events and sells 3.5 m tickets per year in the fields of family entertainment, rock/pop, classical and German music. The company also operates venues in Frankfurt/M, Stuttgart and Zurich.
In the concert business, DEAG acts as both tour organizer and local promoter, ensuring additional risk diversification through its broad positioning. During recent years, DEAG continuously enhanced its value chain by implementing a comprehensive “360-Degree Approach.” With its own music label DEAG Music and a wide range of activities in publishing rights, live recording, sponsoring, merchandise, ticketing etc and powerful partners such as Sony Music Entertainment, Ticketmaster, Ringier AG et al, DEAG is perfectly positioned as an integrated and highly synergistic international Entertainment Content Company.
For further information please contact:
Eschersheimer Landstraße 42
Tel: +49 69 90 550 552
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