DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Half Year Results 01.09.2015 00:29 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. --------------------------------------------------------------------------- Ad hoc announcement in accordance with § 15 WpHG (German Securities Trading Act) DEAG increases sales revenues during the first half-year 2015 in a double-digit range and invests in organic growth in the Content business unit - Sales revenues after consolidation increase by 23% to EUR 118.8 million - Adjusted EBIT significantly above prior year - Ticket volume reaches record level following investments - Optimum positioning of MyTicket with new partners and growing product - Sale of 110,000 m² of developed real property areas around the Frankfurter Jahrhunderthalle arena Berlin, August 31, 2015 - DEAG Deutsche Entertainment Aktiengesellschaft (DEAG), Berlin, (ISIN DE000A0Z23G6, WKN A0Z23G) has reached its strategic goals during the first half-year 2015. Sales revenues rose by 23% to EUR 118.8 million (prior year EUR: 96.7 million); before consolidation sales revenues increased to EUR 150.5 million (prior year EUR 113.9 million, plus 32%). The adjusted EBIT amounts to EUR 5.5 million (prior year: EUR 5.2 million, plus 6%). In connection with the expansion of the Open Air business unit, claims are asserted, which are rated by legal experts with a high probability of success. These receivables were nonetheless not recognized as income in accordance with IFRS. The Executive Board anticipates a final and conclusive legal decision still in fiscal 2015. Without these receivables the EBIT amounts to EUR -8.5 million, the Group result to EUR -9.3 million; the adjusted Group result of EUR 3.0 million (prior year: EUR 3.1 million) is on prior year level. The strategic focus has been placed on the rapid development of the highly profitable own digital distribution platform MyTicket. Strong marketing partners and a growing ticket volume are major success drivers to meet the short-term earnings objectives in this business unit. The recent admission of Bild/Axel Springer and Starwatch/ProSiebenSat.1 as co-shareholders has been an important milestone. In order to step up the ticket volume, the Executive Board pursues an investment policy which is targeting organic and external profitable growth in the core business. During major open air events at Hockenheimring, the Olympic Stadium in Munich or the Wembley Stadium in London renowned artists such as AC/DC, Sunrise Avenue, Muse or Metallica were presented to more than one million visitors. Many events in the different genres of Live Entertainment such as Classical Music or Family Entertainment featured the broad offering of the group of companies. This includes shows and tours such as Disney on Ice, Riverdance, Night of The Jumps, Anna Netrebko, Jonas Kaufmann or Andreas Gabalier. The ticket volume achieved already during the first half-year reached a record level. As a result, DEAG has confirmed its recently increased forecast for the sales of 4.2 to 4.5 million tickets in the group in the current year. The expansion of the Open Air activities was partly faced with a challenging competitive environment, and the Executive Board points out that the investments were higher than expected. If the assertion of the above-mentioned claims is delayed despite the positive assessment by the lawyers and cannot be enforced in fiscal 2015, the results forecast for 2015 cannot be achieved. The investment activity is necessary for the strategic orientation and will probably result in positive contributions to earnings during the following year. DEAG has contributed the Frankfurter Jahrhunderthalle arena acquired 15 years ago and the adjoining plots of land to be developed to three JV companies. With these transactions DEAG sells 51% of the Jahrhunderthalle arena and 51 % of Jahrhunderthallen Betriebs GmbH. Moreover, 50% of the plots of land adjoining the Jahrhunderthalle arena are sold and marketed together with a professional national real estate investor. The inflow of funds for DEAG will be in a double digit million euro range during the coming years. These agreements are based on the successful continuing operation of the Jahrhunderthalle by DEAG until at least 2030. As a result of the joining of this highly professional joint venture partner, DEAG anticipates a value-creating and full development of the whole area within the coming years. In the event of a positive and successful development of the plots of land, an additional profit will be generated which will exceed the book value many times over. The report on the first half-year 2015 is available for downloading in the Investor Relations section of the website www.deag.de. DEAG Deutsche Entertainment Aktiengesellschaft The Executive Board Contact for further information: Axel Mühlhaus edicto GmbH Tel: +49-69-90 550 552 E-mail: deag@edicto.de 01.09.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: DEAG Deutsche Entertainment Aktiengesellschaft Potsdamer StraÃe 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: DEAG Deutsche Entertainment Aktiengesellschaft: DEAG increases sales revenues during the first half-year 2015 in a double-digit range and invests in organic growth in the Content business unit
| Source: EQS Group AG