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    DGAP-Adhoc  655  0 Kommentare DEAG Deutsche Entertainment Aktiengesellschaft is ahead of plan after nine month and anticipates strong full year 2014


    DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): 9-month figures/Miscellaneous

    28.11.2014 11:04

    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 is ahead of plan after nine months and anticipates strong full year
    2014

    - Sales revenues 3.4% and EBITDA 3.5% higher

    - Own ticket distribution Myticket.de successfully launched

    - Positive outlook for the full year 2014 and the new year 2015

    Berlin, November 28, 2014 - DEAG Deutsche Entertainment Aktiengesellschaft,
    Potsdamer Strasse 58, 10785 Berlin, (ISIN DE000A0Z23G6/WKN A0Z23G), listed
    in the Prime Standard of the Frankfurt Stock Exchange, has continued its
    positive development of sales revenues and earnings after the first three
    quarters of 2014 and anticipates another increase in revenues and earnings
    for the full year 2014 and for 2015. Despite the FIFA World Cup, which
    resulted seasonally, as planned, in less shows during the second and third
    quarter 2014, sales revenues rose, unlike the industry trend, after nine
    months by 3.4% versus prior year to EUR 129.5 million. At the same time the
    EBITDA increased by 3.5% to EUR 6.8 million.

    Overall, DEAG generated earnings during the third quarter which were above
    prior year and its own budget. The adjusted EBIT jumped by 4.2% to EUR 5.8
    million during the first nine months. The adjusted consolidated earnings
    after tax and minority interests increased significantly by 20.4% to EUR
    2.9 million. The first-time consolidation, which had to be carried out
    within the framework of the acquisition of the British promoter KILIMANJARO
    LIVE, resulted in accordance with IFRS 3 in one-time amortizations in
    respect of the order backlog determined within the framework of the
    provisional purchase price allocation. As a result of this one-time effect,
    the EBIT dropped by 16.9% to EUR 4.2 million. After the adjustment by this
    amortization, there is again a significantly improved net margin, which is
    attributable to reduced minority interests and lower capital costs.

    During the first three quarters many attractive DEAG events ensured the
    positive result: this included, amongst others, concerts by the Rolling
    Stones, Andreas Gabalier, David Garrett as well as classical music events
    in Switzerland and on the British market. The outlook of DEAG for the
    fourth quarter 2014 is particularly positive; this is also supported by the
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    DGAP-Adhoc DEAG Deutsche Entertainment Aktiengesellschaft is ahead of plan after nine month and anticipates strong full year 2014 DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): 9-month figures/Miscellaneous 28.11.2014 11:04 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely …