DEAG increases profit during 1 half

Transcription

DEAG increases profit during 1 half
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 2 nd 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 halfyear, 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 www.deag.de 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: [email protected]
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
DEAG Deutsche Entertainment Aktiengesellschaft  Potsdamer Straße 58  10785 Berlin
fon +49-30-810 75-0  fax +49-30-810 75-519  [email protected]  www.deag.de
Sitz Berlin  Amtsgericht Charlottenburg  HRB Nr. 69474 St.-Nr: 29/225/03674  USt-ID: DE193569522
Vorstand: Prof. Peter L. H. Schwenkow (Vorsitzender), Christian Diekmann, Detlef Kornett  Vorsitzender des Aufsichtsrats: Wolf-D. Gramatke
page 2 of 2
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: www.deag.de
DEAG Deutsche Entertainment Aktiengesellschaft  Potsdamer Straße 58  10785 Berlin
fon +49-30-810 75-0  fax +49-30-810 75-519  [email protected]  www.deag.de
Sitz Berlin  Amtsgericht Charlottenburg  HRB Nr. 69474 St.-Nr: 29/225/03674  USt-ID: DE193569522
Vorstand: Prof. Peter L. H. Schwenkow (Vorsitzender), Christian Diekmann, Detlef Kornett  Vorsitzender des Aufsichtsrats: Wolf-D. Gramatke