openPR Logo
Press release

DEAG Deutsche Entertainment AG with a successful first quarter 2012

06-05-2012 07:55 PM CET | Fashion, Lifestyle, Trends

Press release from: DEAG Deutsche Entertainment AG

- Sales revenues rise by 14%
- 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
Executive Board

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:
edicto GmbH
Axel Muehlhaus
Eschersheimer Landstraße 42
60322b 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 Deutsche Entertainment AG with a successful first quarter 2012 here

News-ID: 223766 • Views: 2900

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
Aleva Neurotherapeutics Closes EUR 9.5 Million Series A Financing Round
- Novel Products for Deep Brain Stimulation (DBS) to Be Advanced Into the Clinic - Lausanne, Switzerland, August 25, 2011 – Aleva Neurotherapeutics, a company developing next-generation implants for Deep Brain Stimulation (DBS) in major neurological indications such as Parkinson´s disease or depression, today announced the closing of a Series A financing round totaling EUR 9.5 million. Aleva was founded in 2008 as a spin-off from the Ecole Polytechnique Fédérale de