DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft reports about 2015 marked by non-recurring effects and gives a positive outlook for 2016

DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s):
Final Results/Forecast
DEAG Deutsche Entertainment Aktiengesellschaft reports about 2015 marked by
non-recurring effects and gives a positive outlook for 2016

15.04.2016 / 13:31
The issuer is solely responsible for the content of this announcement.


Corporate press release

DEAG reports about 2015 marked by non-recurring effects and gives a  
positive outlook for 2016

  - Sales revenues after consolidation jump significantly to more than EUR
    200 million

  - Non-recurring expenditure has also burdened the earnings during the
    full year, as expected: EBIT EUR -17.8 million

  - Successful setting of the strategic courses in Live Entertainment und

  - Market share of myticket continues to grow

  - Clear operation in the black anticipated for 2016 - current forecast
    might be outperformed

Berlin, April 15, 2016 - DEAG Deutsche Entertainment AG (ISIN: DE000A0Z23G6
| symbol: ERMK) reports about fiscal 2015 and the outlook for 2016.

Development of sales revenues

The consolidated Group sales revenues based on IFRS improved significantly
in accordance with the audited financial statements for fiscal year 2015 to
EUR 200.4 million. This corresponds to a plus versus prior year of 16.1
percent. The growth was equally driven by the two segments Live Touring and
Entertainment Services of DEAG. As far as the Group companies outside
Germany are concerned, Kilimanjaro Live and Raymond Gubbay recorded a very
good development. In Switzerland the restructuring of the business was
successfully implemented at the end of the year, so that a significantly
rising development is expected in 2016.


On the festival market, DEAG has established itself with several events in
the German-speaking countries. In this way DEAG has succeeded in entering a
market on which it can generate in future a clear six-digit number of
tickets per year. The Group's own ticketing platform myticket.de will
likewise benefit in an above-average manner from this development. During
the current year the number of festival visitors is likely to increase to
more than 160,000.

Altogether, the non-recurring expenditure for the establishment of the
festivals amounted to around EUR 23 million; it has been fully taken into
account in the 2015 financial statements. During the 4th quarter 2015 alone
risk provisions were made for reasons of prudence for this business unit in
the amount of EUR 4 million. The economic result of the festivals was still
disappointing in 2015 and remained significantly behind expectations due to
unexpected high non-recurring expenditure in the festival segment, which
resulted, amongst other things, from a necessary relocation and a legal
dispute with a former partner.

With the first-time staging of the festivals in 2015 a sound basis has been
created for growing sales figures, on the one hand and an annual cost basis
reduced by EUR 21 million with the same quality level for the festivals in
2016 and beyond, on the other hand. The management is confident that the
festival unit will make a continuous positive contribution to the result of
DEAG after a successful establishment.

Development of earnings 

The EBIT amounted in 2015, taking into account all non-recurring effects,
to EUR -17.8 million versus EUR 4.2 million during the previous year. This
includes a positive one-time effect which results from the divestiture of
the business unit "Jahrhunderthalle". The earnings before taxes amounted to
EUR -18.8 million (PY: EUR 2.5 million) and the earnings after taxes from
continuing operations amounted to EUR -18.9 million (PY: EUR 2.4 million).

Outlook 2016

The anticipated positive business development in 2016 has become apparent
with increasing clarity at DEAG during the first months of the year. DEAG
is, therefore, confident that it can outperform the annual forecast made on
February 4, 2016, which provides for a positive EBIT of at least EUR 3 to 5
million for the current year. This forecast does not include possible
positive contributions to earnings which might result from claims of more
than EUR 10 million, which are asserted in court by DEAG against a former
partner in the festival area.

Family Entertainment and Ticketing have emerged as strong additional growth
drivers. DEAG has succeeded during the past months in entering into many
agreements in this segment for crowd-pulling events of international
stature, whose terms go partly until 2020. This year's pipeline is already
very well filled with productions such as Disney on Ice, Riverdance, Circus
Roncalli, several Christmas Circus productions and Marvel Universe Live!.
Altogether, Family Entertainment is likely to contribute some EUR 25
million, with attractive margins, to the Group sales revenues in 2016.

DEAG is increasingly focusing on Ticketing in the four countries with a
strong presence. In the wake of this digitization strategy, peripheral
activities are ramped down. Within the framework of this transformation
process, the DEAG Music label will concentrate in future on the support and
successful development of the existing artist portfolio as well as the
exploitation of the existing catalogue.

As far as the Group's own ticketing platforms myticket.de and
myticket.co.uk are concerned, the positive development of the past months
continues; their market share is constantly rising.  DEAG pushes the
scheduled enhancement of its market position in Ticketing. At myticket.de
it can rely with Axel Springer SE and Starwatch Entertainment GmbH
(ProSiebenSat.1 Group) on further high-performance shareholders (20 percent
stake each) and media partners.

DEAG Deutsche Entertainment Aktiengesellschaft
The Executive Board

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


15.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:    English                                                    
   Company:     DEAG Deutsche Entertainment Aktiengesellschaft             
                Potsdamer Straße 58                                        
                10785 Berlin                                               
   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,  
   End of News    DGAP News Service  

454741 15.04.2016

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
9,52 4,01 0,42 6,396
Dividende '17 in € Dividende '18e in € Div.-Rendite '17
in %
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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