DGAP-Adhoc: DEAG Deutsche Entertainment Aktiengesellschaft is ahead of plan after nine month and anticipates strong full year 2014


DEAG Deutsche Entertainment Aktiengesellschaft  / Key word(s): 9-month
figures/Miscellaneous 

28.11.2014 11:04

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement in accordance with § 15 WpHG (German Securities Trading
Act)

DEAG is ahead of plan after nine months and anticipates strong full year
2014

  - 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 earnings after the first three
quarters of 2014 and anticipates another increase in revenues and earnings
for the full year 2014 and for 2015. Despite the FIFA World Cup, which
resulted seasonally, as planned, in less shows during the second and third
quarter 2014, sales revenues rose, unlike the industry trend, after nine
months by 3.4% versus prior year to EUR 129.5 million. At the same time the
EBITDA increased by 3.5% to EUR 6.8 million.

Overall, DEAG generated earnings during the third quarter which were above
prior year and its own budget. The adjusted EBIT jumped by 4.2% to EUR 5.8
million during the first nine months. The adjusted consolidated earnings
after tax and minority interests increased significantly by 20.4% to EUR
2.9 million. The first-time consolidation, which had to be carried out
within the framework of the acquisition of the British promoter KILIMANJARO
LIVE, resulted in accordance with IFRS 3 in one-time amortizations in
respect of the order backlog determined within the framework of the
provisional purchase price allocation. As a result of this one-time effect,
the EBIT dropped by 16.9% to EUR 4.2 million. After the adjustment by this
amortization, there is again a significantly improved net margin, which is
attributable to reduced minority interests and lower capital costs.

During the first three quarters many attractive DEAG events ensured the
positive result: this included, amongst others, concerts by the Rolling
Stones, Andreas Gabalier, David Garrett as well as classical music events
in Switzerland and on the British market. The outlook of DEAG for the
fourth quarter 2014 is particularly positive; this is also supported by the
expansion of the Family Entertainment segment and new projects in the
United Kingdom.

In addition, Myticket.de, the new ticket distribution platform of DEAG, has
been launched successfully and stably, with ticket sales in a five-digit
range already during the first week. Myticket.de will generate a positive
contribution margin in 2015. The consolidated earnings of DEAG include all
start-up costs accrued for the new ticket distribution.

For the full year 2014 and for the new year 2015, DEAG anticipates a
continuation of its profitable growth course. In particular the open-air
and festival season 2015 includes many highlights. DEAG has already sold
around 1.6 million tickets for 2015.

The Supervisory Board of DEAG has extended the Executive Board contract of
Christian Diekmann, CFO and COO of DEAG, prematurely by another three years
until 2018. Christian Diekmann has been a member of the Executive Board of
DEAG since 2006 and has been one of the drivers of the growth course of
DEAG. With this decision, the successful executive team of DEAG will remain
unchanged for the coming years.

DEAG Deutsche Entertainment Aktiengesellschaft
The Executive Board

Contact for further information:
Axel Mühlhaus
edicto GmbH
Tel: +49-69-90 550 552
Email: deag@edicto.de

About DEAG:
DEAG Deutsche Entertainment Aktiengesellschaft is an integrated
entertainment content company and a leading provider of live entertainment
in Europe. With affiliated companies in the G/S/A countries
(Germany/Switzerland/Austria) and the United Kingdom, DEAG currently
promotes around 2,000 events per year in the fields of rock/pop, festivals,
classical music, German hit songs and middle-of-the-road music as well as
in the high-growth family entertainment segment, and sells significantly
more than 3.5 million tickets. As an integrated entertainment content
company, DEAG covers the entire value chain in live entertainment
comprehensively with its 360 degree approach.


28.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      DEAG Deutsche Entertainment Aktiengesellschaft
              Potsdamer Straße 58
              10785 Berlin
              Germany
Phone:        +49-30-810 75-0
Fax:          +49-30-810 75-519
E-mail:       deag@edicto.de
Internet:     www.deag.de
ISIN:         DE000A0Z23G6
WKN:          A0Z23G
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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