DGAP-News: DEAG publishes half-year result and confirms forecast for financial year 2016

DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s):
Half Year Results
DEAG publishes half-year result and confirms forecast for financial year

30.08.2016 / 07:30
The issuer is solely responsible for the content of this announcement.


Corporate press release

DEAG publishes half-year result and confirms forecast for financial year

  - EBIT of EUR -3.8 million in line with expectations due to seasonal

  - Festivals fully settled and included in half-year result

  - Clearly increasing profitability and well-filled event pipeline
    expected for the second half-year

  - Expansion of myticket division successfully progressing

  - EBIT forecast of EUR 3 to 5 million for financial year 2016 confirmed

Berlin, 30 August 2016 - DEAG Deutsche Entertainment Aktiengesellschaft
(DEAG), Berlin, (ISIN: DE000A0Z23G6, WKN: A0Z23G) is on course to reach the
forecast result for financial year 2016. With sales of EUR 78.9 million (H1
2015: EUR 118.7 million) and EBIT of EUR -3.8 million (H1 2015: EUR -7.9
million), business in the first half of the year was within expectations.
In view of a very well-filled event pipeline and an extraordinarily strong
4th quarter, the Executive Board is optimistic about reaching the planned
EBIT of EUR 3 to 5 million for the whole financial year 2016.

The half-year result reflects DEAG's typical seasonality with up-front
costs for numerous high-profile events to take place in the second half of
the year. For example, DEAG was able to secure top-class show highlights,
such as David Garrett, Disney on Ice, Andreas Gabalier, Böhse Onkelz or Red
Hot Chili Peppers, and yield promising pre-sale results. Also due to the
European Football Championships, the artists' and their management's
planning are concentrated more on the second half of 2016. As planned,
expected ticket sales in the second half of the year are going to increase
significantly compared to the first six months. To be pointed out is the
continually growing share of tickets sold via DEAG's own sales platforms
myticket.co.uk in the UK and myticket.de in Germany, which strengthens the
Group's EBIT margin. In addition, myticket.de receives an increasing number
of tickets for sale from third-party promoters.

Due to the positive development of myticket.de, DEAG is going to open up
another European market, apart from Germany and the UK, in the near future.
DEAG is positive to reach its target of selling on average 40 per cent of
the DEAG content via myticket.de in the short to medium term.

The Executive Board also sees a positive development in the rock festival
sector in Germany, Austria and Switzerland. The result almost fully
confirms the Group's calculation: with respective festivals now fully
settled and included in the current consolidated financial statement,
follow-up costs amounted to EUR 0.3 million in the EBIT. Planning for the
coming year focuses on Rockavaria, Rock in Vienna, Rock the Ring, and
potentially another festival in Switzerland. In other words, festivals are
becoming a solid part of the DEAG content, which in turn is further driving
the ticketing business.

Particularly the UK-based subsidiaries develop better than expected.
Despite the "Brexit", the English market remains highly attractive to DEAG,
which is why the company is examining opportunistic acquisition
opportunities there as well. With an already well-filled pipeline for the
financial year 2017, with stars like Anna Netrebko, David Garrett and
productions such as Christmas at Kew, Disney on Ice or Christmas at
Blenheim, and the Christmas markets, the Executive Board expects continued
dynamic growth, particularly since six large rock tours are currently in
preparation for 2017.

The report for the first half-year of 2016 is available for download at

About DEAG

DEAG Deutsche Entertainment AG (DEAG) is an integrated entertainment
content company and a leading provider of live entertainment in Europe.
DEAG produces and profitably organizes a broad range of events and
concerts. Its own distribution business, mytic myticket AG, which is also
share-held by two large print and TV media companies, increases the
company's profitability and scales its business model. DEAG realizes around
2,000 concerts and events a year, selling about five million tickets, of
which a steadily increasing part is sold via its high-turnover online
distribution channel myticket.

Events cover rock/pop festivals (national and international), classical
music, jazz, German Hit songs and Middle-of-the-Road music and the strongly
growing family entertainment division. Particularly the festivals and
family entertainment divisions are fundamental for the further development
of DEAG's own content. Its network of strong partners allows DEAG to put
itself in an excellent market position as an internationally active live
entertainment group. DEAG shares (ISIN: DE000A0Z23G6 | WKN: A0Z23G | ERMK)
are quoted in the Prime Standard segment of the Frankfurt Stock Exchange,
which is the quality segment of the Deutsche Börse, the German stock

IR contact

cometis AG
Ulrich Wiehle
Ph.: +49-611-20585511
E-mail: [email protected]


30.08.2016 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 Berlin, Frankfurt (Prime Standard);  
                Regulated Unofficial Market in Dusseldorf, Hamburg,      
                Stuttgart, Tradegate Exchange; London                    
   End of News    DGAP News Service  

496899 30.08.2016

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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