DEAG Deutsche Entertainment Aktiengesellschaft / Preliminary Results
24.03.2010 15:11
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 meets 2009 forecast: EBITDA plus 73%, EBIT clearly turns positive to
EUR 4.8 million
* Sales climb to EUR 116.0 million
* Further rise in results planned for 2010
* CEO and founder Peter L.H. Schwenkow extends contract until 2015
* Rights catalogue to be expanded
Berlin, 24. March 2010. According to preliminary figures DEAG Deutsche
Entertainment AG (ISIN DE000A0Z23G6) significantly developed all results
ratios during 2009 as announced. EBIT improved by EUR 7.9 million from
minus EUR 3.1 million to a positive EUR 4.8 million. EBITDA climbed by
around 73 per cent from EUR 3.7 million to EUR 6.4 million. Sales rose
despite the 2009 divestiture of two subsidiaries in the fiscal year from
EUR 109.5 million to EUR 116.0 million and an annual profit was generated.
Final figures are to be released on March 31, 2010. For the current fiscal
year DEAG expects results to rise significantly in all relevant divisions.
CEO and founder Prof. Peter L.H. Schwenkow, extended his executive board
contract in consultation with the supervisory board prior to maturity until
the year 2015. As a sign of confidence into the continuation of the
positive development Schwenkow waives around 30 per cent of his fixed
annual remuneration in favour of a higher profit-related share of his
salary.
DEAG - one of the most successful live entertainment groups in Europe - has
consistently reached good results over the last three years opening new
market segments and revenue streams within the framework of what is known
as the 360-degree-strategy offering artists and customers all services from
one source.
The most important steps were building the pan-european Classical Music
business and the in-house record label DEAG MUSIC as well as developing the
divisions music publishing, sponsoring, merchandising, live-recording and
premium/VIP-packages.
The expansion of a substantial catalogue of rights as well as of the
merchandising and sponsoring segment illustrates the process leading to an
integrated entertainment content company.
Apart from the established live and touring business and the building of a
substantial catalogue of rights in the audio and audiovisual segment the
development of the value chain through music publishing, record label,
merchandising, rights trading and sponsoring is to continue over the next
years and earnings from these new segments are to triply within three
years.
Further increases in sales and earnings are to be mainly generated from
organic growth and already emerging economies of scale and synergy
potentials. Furthermore acquisition prospects and expansion of existing
investments are to be evaluated selectively.
Apart from the main shareholder in DEAG, the family of founder Prof. Peter
L. H. Schwenkow, the medium-sized investment company Heliad Equity Partners
AG have committed itself to the futher strategic development of DEAG. Both
partners will accompany the successful advancement of DEAG on a long term
basis as active entrepreneurs.
24.03.2010 15:11 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: DEAG meets 2009 forecast
| Source: EQS Group AG