DGAP-Adhoc: DEAG Deutsche Entertainment Aktiengesellschaft increases sales, adjusted EBIT and net result in 2014 overall


 
DEAG Deutsche Entertainment Aktiengesellschaft  / Key word(s): Final Results

30.04.2015 18:14

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 increases sales, adjusted EBIT and net result in 2014 overall

  - Final figures correspond with preliminary results 

  - Liquidity increases by 136% and equity by 50%

  - Own ticket distribution platform myticket develops very successfully

  - Over 750,000 attendees to festivals and open air events 

Berlin, April 30, 2015 - DEAG Deutsche Entertainment Aktiengesellschaft
(ISIN: DE000A0Z23G6) will publish its final figures for the 2014 financial
year today. These figures correspond in full with the preliminary results
already published on 30 March. DEAG continued to grow in 2014 and was able
to increase consolidated group sales from 165.5 million euros in the
previous year to 172.6 million euros, and the EBIT (earnings before
interest and taxes) adjusted by special effects from 8.7 million euros in
the previous year to 9.1 million euros. DEAG has also gained on the bottom
line: the group profits due to DEAG shareholders after taxes rose from 0.98
million euros in the previous year to 1.02 million euros in the 2014
financial year.

DEAG made a risk provision for reasons of prudence in the annual financial
statements, corresponding to the result of the breach of contract by the
co-organiser capricorn NÜRBURGRING GmbH (CNG) of the rock festival at the
Nürburgring, which did not come about. One-off marketing expenses at the
launch of the online-ticketing distribution platform myticket.de and the
risk provision for reasons of prudence result in a one time extraordinary
effect in 2014 of 3 million euros. In this connection, it should be taken
into account that DEAG has claimed compensation in full from CNG and took
out comprehensive insurance cover in the event of a breach of contract by
CNG, which applies up to a total of 7.5 million euros. The mega acts such
as METALLICA, MUSE and KISS will now be performing in the Veltins Arena auf
Schalke from 29 to 31 May 2015. In particular due to the unfinished
valuation of DEAG's festival plans and receivables from CNG and from its
insurer, the auditor has now qualified the certificate for the DEAG annual
financial statements regarding this one point only. Even if a slow start of
the new segment of festivals and open airs is considered, DEAG is expecting
in combination with its online-ticketing system this segment to develop
into one of the most profitable business units.

The successful year 2014 of DEAG is also reflected in the balance sheet.
Accordingly, equity increased by around 50%, from 29.6 million euros at the
end of 2013 to 44.3 million euros at the end of 2014, after a successful
capital increase. The group's liquidity developed particularly positively.
It increased by 136% from 22.9 million euros in the previous year to 54.1
million euros at the end of 2014. Deferred revenues, which are a strong
indicator of further business development, climbed by a striking 138% from
27.2 million euros at the end of 2013 to 64.6 million euros at the end of
2014.

DEAG' ticket distribution platform myticket.de developed very successfully.
The Executive Board of DEAG expects the high ticket sales volumes to
continue and is assuming between 4.2 and 4.5 million entrance tickets will
be sold by the DEAG group in 2015 as a whole. DEAG has prepared a solid
base and is looking at a growth spurt in combination with increasing
investment at the same time, particularly in the online-ticketing segment.
Therefore Executive Board and Supervisory Board decided to propose to the
AGM the retention of profits for the year 2014 and to continue with its
dividend policy again in the years to follow.

The Annual Report 2014 will be published at www.deag.de in the Investor
Relations section today.

DEAG Deutsche Entertainment Aktiengesellschaft
The Executive Board

Contact for further information:
Axel Mühlhaus
edicto GmbH
Tel: +49-69-90 550 552
Email: [email protected]


30.04.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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:       [email protected]
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
 
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INVESTOR-INFORMATIONEN
©boersengefluester.de
DEAG
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0Z23G 3,630 Kaufen 66,78
KGV 2019e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,96 24,81 0,543 -30,00
KBV KCV KUV EV/EBITDA
9,52 4,01 0,42 6,396
Dividende '17 in € Dividende '18e in € Div.-Rendite '17
in %
Hauptversammlung
0,00 0,00 0,00 27.06.2018
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
31.05.2018 31.08.2018 30.11.2018 29.03.2018
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,89% 17,70% 19,02% 47,80%
       

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