DGAP-Adhoc
DEAG Deutsche Entertainment Aktiengesellschaft: DEAG lifts revenues and all earnings figures in Q1 2015
DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Quarter Results
27.05.2015 13:21
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 lifts revenues and all earnings figures in Q1 2015
- Revenues up 19.6 percent and EBIT up 23.8 percent
- myticket.co.uk to be launched in the UK in June, following the
successful launch of myticket.de in Germany
Berlin, 27 May 2015 - DEAG Deutsche Entertainment AG (ISIN DE000A0Z23G6/
WKN A0Z23G) has got of to a positive and profitable start in fiscal year
2015, as expected. Revenues and all earnings figures were up significantly.
The current event pipeline also shows that business growth in the coming
quarters will also enjoy substantial growth. According to preliminary
figures, revenues in Q1 2015 were up by 19.6 percent to EUR 38.96, EBIT
climbed from EUR 1.48 million to EUR 1.83, and consolidated net earnings
after non-controlling interests improved from EUR 0.97 million to EUR 1.04
million. The 34 percent increase in deferred revenues from EUR 49.1 million
to EUR 66 million in Q1 was driven by the positive growth in advance sales
figures for coming events. As a result, DEAG has confirmed its recently
increased forecast for the sale of 4.2 to 4.5 million tickets in the group
in the current year.
DEAG's proprietary ticketing platform in Germany, myticket.de, enjoyed very
positive growth in the first quarter of 2015. Almost 5 percent of all of
the group's tickets were sold via the online platform in the first full
quarter of myticket.de's business operations. The trend in the second
quarter of 2015 will be substantially higher. In addition to the positive
growth in the number of myticket.de tickets, the value per ticket on the
platform is higher than DEAG's expectations. The further reinforcement and
expansion of myticket.de is a top priority for DEAG - this platform is
expected to make its first positive contribution to earnings during the
current fiscal year.
The existing ticketing activities in the United Kingdom will be bundled on
the new platform myticket.co.uk in June. DEAG sells around 1.2 million
tickets per year via its companies Raymond Gubbay Ltd. and Kilimanjaro Live
Ltd. Between 5 and 10 percent of tickets are already sold in-house and via
the group's own platforms. The launch of myticket.co.uk will initially
merge both companies' sales activities, in order to open up myticket.co.uk
for third-party providers next year after the start-up phase has been
completed.
The financial report on Q1 2015 will be available for downloading from May
29, 2015 on www.deag.de in the Investor Relations section.
DEAG Deutsche Entertainment Aktiengesellschaft
The Executive Board
Contact for further information:
Axel Mühlhaus
edicto GmbH
Tel: +49-69-90 550 552
E-mail: deag@edicto.de
27.05.2015 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: deag@edicto.de
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
---------------------------------------------------------------------------
Act)
DEAG lifts revenues and all earnings figures in Q1 2015
- Revenues up 19.6 percent and EBIT up 23.8 percent
- myticket.co.uk to be launched in the UK in June, following the
successful launch of myticket.de in Germany
Berlin, 27 May 2015 - DEAG Deutsche Entertainment AG (ISIN DE000A0Z23G6/
WKN A0Z23G) has got of to a positive and profitable start in fiscal year
2015, as expected. Revenues and all earnings figures were up significantly.
The current event pipeline also shows that business growth in the coming
quarters will also enjoy substantial growth. According to preliminary
figures, revenues in Q1 2015 were up by 19.6 percent to EUR 38.96, EBIT
climbed from EUR 1.48 million to EUR 1.83, and consolidated net earnings
after non-controlling interests improved from EUR 0.97 million to EUR 1.04
million. The 34 percent increase in deferred revenues from EUR 49.1 million
to EUR 66 million in Q1 was driven by the positive growth in advance sales
figures for coming events. As a result, DEAG has confirmed its recently
increased forecast for the sale of 4.2 to 4.5 million tickets in the group
in the current year.
DEAG's proprietary ticketing platform in Germany, myticket.de, enjoyed very
positive growth in the first quarter of 2015. Almost 5 percent of all of
the group's tickets were sold via the online platform in the first full
quarter of myticket.de's business operations. The trend in the second
quarter of 2015 will be substantially higher. In addition to the positive
growth in the number of myticket.de tickets, the value per ticket on the
platform is higher than DEAG's expectations. The further reinforcement and
expansion of myticket.de is a top priority for DEAG - this platform is
expected to make its first positive contribution to earnings during the
current fiscal year.
The existing ticketing activities in the United Kingdom will be bundled on
the new platform myticket.co.uk in June. DEAG sells around 1.2 million
tickets per year via its companies Raymond Gubbay Ltd. and Kilimanjaro Live
Ltd. Between 5 and 10 percent of tickets are already sold in-house and via
the group's own platforms. The launch of myticket.co.uk will initially
merge both companies' sales activities, in order to open up myticket.co.uk
for third-party providers next year after the start-up phase has been
completed.
The financial report on Q1 2015 will be available for downloading from May
29, 2015 on www.deag.de in the Investor Relations section.
DEAG Deutsche Entertainment Aktiengesellschaft
The Executive Board
Contact for further information:
Axel Mühlhaus
edicto GmbH
Tel: +49-69-90 550 552
E-mail: deag@edicto.de
27.05.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
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: deag@edicto.de
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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