DGAP-News: DEAG on target with good overall business development

DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s):
9-month figures
DEAG on target with good overall business development

30.11.2016 / 12:47
The issuer is solely responsible for the content of this announcement.


DEAG on target with good overall business development

  - First nine months of the current financial year significantly above
    last year

  - Fourth quarter to be the best quarter in the last five years

  - Positive profit forecast for financial year 2016

  - MyTicket already established and active in three European markets in
    its second financial year

  - Live Entertainment with a very good overall outlook and
    disproportionately strong organic earnings growth in the UK

  - Non-recurring expenses from currency translation, establishment of the
    Austrian business and legal consulting fees

Berlin, November 30, 2016 - According to its figures for the first nine
months of 2016, the company listed on the Prime Standard DEAG Deutsche
Entertainment AG (DEAG), Berlin, (ISIN: DE000A0Z23G6, WKN: A0Z23G), is
significantly above the previous year and will end the current financial
year with a positive result following the prior year's negative result.
Despite one-off charges, DEAG will once again take up the profitable
business development of previous years in 2016.

MyTicket, DEAG's own sales company in the area of ticketing, also exceeded
the expectations of the Executive Board in the third quarter. In order to
establish the company and accelerate its growth, the Executive Board is
pursuing an aggressive organic expansion strategy. MyTicket is already
present in three important European markets with Germany, the UK and
Austria. Excluding expenses incurred in September 2016 to enter the market
in Austria, the company is already profitable in its second financial year.
As a result of the business development to date in 2016, the Executive
Board has confirmed its objective of being able to make a significant
contribution to the Group's results in 2017 through its ticketing business.

In the first nine months of 2016, Group sales amounted to EUR 98.0 million,
compared with EUR 146.3 million in the previous year. The expected decline
in sales resulted partly from an industry-wide shift in business in the
current fourth quarter in connection with the major events of the European
Soccer Championship in France and the Olympic Games in Brazil.
Additionally, in the prior-year period, there was a series of particularly
high-volume concerts such as Ed Sheeran's three sold out performances at
Wembley Stadium in London.

With the very strong fourth quarter, for which DEAG projects sales of
between EUR 90 and 100 million, the company expects total sales for the
year 2016 as a whole will be close to last year's level. As a result of the
price trend of the British pound, currency conversions negatively affected
earnings in the first nine months of 2016. The result of the prior-year
period benefited from a positive currency effect. On the whole, DEAG's
operating result in the first nine months of 2016 was burdened by around
EUR 1.65 million from the currency effect, a one-time consulting fee in
connection with two major active legal cases and the development of the
Austrian business. Adjusted Group EBIT for the first nine months of 2016
amounted to EUR -5.1 million. The EBIT amounted to EUR -6.8 million and
therefore was 41.6% above the previous year (EUR -11.6 million).

The fourth quarter of the current financial year will be the strongest
quarter in five years in terms of sales and earnings. The company expects
to sell between 500,000 and 550,000 tickets for the Christmas-related
family events "Christmas at Kew," "Christmas at Blenheim" and "Christmas
Garden Berlin", and for the Christmas markets and circuses in Kiel,
Regensburg, Aachen and Hanover. Disney on Ice and Marvel Universe are also
highlights in the fourth quarter beside many great tours like the Red Hot
Chili Peppers, Böhse Onkelz, David Garrett and others. The positive outlook
is also supported by the disproportionate organic growth in the UK thanks
to sold out events, inter alia at the Royal Albert Hall.

The Executive Board of DEAG expects financial year 2016 to finish with a
clearly positive adjusted operating result after depreciation and
amortization. By focusing on the efficient development of its own sales
company, the consequent expansion of its ticket volumes and concentrating
on profitable festivals, DEAG is excellently positioned to continue
expanding on its profitable growth and to strengthen its position in the
European entertainment business.

Given anticipated further growth in the area of Classical Music and Family
Entertainment and the completed investments in the Festivals segment, the
company expects continued high sales and EBIT in the medium to upper
single-digit million euro range in 2017.

During the course of today the report on the first nine months of 2016 will
be available for download on the company's website.

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 more than 5 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


30.11.2016 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  

525479 30.11.2016

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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