DEAG Deutsche Entertainment Aktiengesellschaft / Quarter Results/Preliminary Results
26.05.2010 08:23
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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DEAG reports strong rise in Q1 2010 results
* EBIT climbs to EUR 1.3 million (previous year quarter EU 1.1 million)
* EBIT margin increases to 6.3 percent (4.0 percent)
* Earnings per share up by 50 percent to EUR 0.03
* Full year plan confirmed
Berlin, 26. May 2010. DEAG Deutsche Entertainment AG (ISIN DE000A0Z23G6)
increased preliminary figures significantly during the first quarter of
2010. All divisions contributed to this positive development. Due to the
seasonal concert spread in the current year sales amounted to EUR 20.5
million after EUR 26.3 million in the previous year period. Earnings before
interest, tax, depreciation and amortisation (EBITDA) at EUR 1.6 million
were considerably above the EUR 1.3 million of the previous year quarter.
Earnings before tax and interest (EBIT) at EUR 1.3 million also
outperformed the previous year figure significantly. The EBIT margin
improved correspondingly to 6.3 percent up from 4.0 percent. The financial
result amounted to EUR -0,1 million after the previous figure of EUR -0.4
million. This documents the noticeable reduction in liabilities during the
second half of 2009. During Q1 2010 the group result of EUR 0.3 million
increased stronger than the other performance indicators. Accordingly
earnings per share were at EUR 0.03 showing a rise of 50 percent.
The significant improvement of results and margins expresses the growing
alignment of DEAG as a Content Company fully covering the value chain
through the 360 degree approach and generating an upside in terms of
results. Furthermore the first quarter was - alongside good contributions
from the sponsoring and merchandising sections - marked by the fact that
all subsidiaries contributed positive results.
For the remainder of 2010 DEAG expects a positive performance of business
shaped by highly successful tours with David Garrett, Peter Maffay, Deep
Purple, Status Quo and others in Germany and for example large opera
projects in Great Britain or U2 and AC/DC in Switzerland. Correspondingly
DEAG reconfirms its annual forecast, whereupon all key result figures are
to rise significantly.
The full report will be posted at www.deag.de/ir/reports on May 31,
2010.
Kontakt:
Edicto GmbH
Axel Mülhaus
Im Gründchen 18a
D-61389 Schmitten
Tel: +49(0)6084/94 85 90
Fax: +49(0)6084/94 85 92
Email: deag@edicto.de
26.05.2010 08:23 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: DEAG Deutsche Entertainment Aktiengesellschaft
Potsdamer StraÃe 58
10785 Berlin
Deutschland
Phone: +49 (0)30 / 810 75-0
Fax: +49 (0)30 / 810 75-519
E-mail: info@deag.de
Internet: www.deag.de
ISIN: DE000A0Z23G6
WKN: A0Z23G
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-Adhoc: DEAG Deutsche Entertainment Aktiengesellschaft:
| Source: EQS Group AG