DGAP-Adhoc
DEAG Deutsche Entertainment Aktiengesellschaft: DEAG increases sales revenues during the first half-year 2015 in a double-digit range and invests in organic growth in the Content business unit
DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Half Year Results
01.09.2015 00:29
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Ad hoc announcement in accordance with § 15 WpHG (German Securities
Trading Act)
DEAG increases sales revenues during the first half-year 2015 in a
double-digit range and invests in organic growth in the Content business
unit
- Sales revenues after consolidation increase by 23% to EUR 118.8 million
- Adjusted EBIT significantly above prior year
- Ticket volume reaches record level following investments
- Optimum positioning of MyTicket with new partners and growing product
- Sale of 110,000 m² of developed real property areas around the
Frankfurter Jahrhunderthalle arena
Berlin, August 31, 2015 - DEAG Deutsche Entertainment Aktiengesellschaft
(DEAG), Berlin, (ISIN DE000A0Z23G6, WKN A0Z23G) has reached its strategic
goals during the first half-year 2015. Sales revenues rose by 23% to EUR
118.8 million (prior year EUR: 96.7 million); before consolidation sales
revenues increased to EUR 150.5 million (prior year EUR 113.9 million, plus
32%). The adjusted EBIT amounts to EUR 5.5 million (prior year: EUR 5.2
million, plus 6%). In connection with the expansion of the Open Air
business unit, claims are asserted, which are rated by legal experts with a
high probability of success. These receivables were nonetheless not
recognized as income in accordance with IFRS. The Executive Board
anticipates a final and conclusive legal decision still in fiscal 2015.
Without these receivables the EBIT amounts to EUR -8.5 million, the Group
result to EUR -9.3 million; the adjusted Group result of EUR 3.0 million
(prior year: EUR 3.1 million) is on prior year level.
The strategic focus has been placed on the rapid development of the highly
profitable own digital distribution platform MyTicket. Strong marketing
partners and a growing ticket volume are major success drivers to meet the
short-term earnings objectives in this business unit. The recent admission
of Bild/Axel Springer and Starwatch/ProSiebenSat.1 as co-shareholders has
been an important milestone. In order to step up the ticket volume, the
Executive Board pursues an investment policy which is targeting organic and
external profitable growth in the core business. During major open air
events at Hockenheimring, the Olympic Stadium in Munich or the Wembley
Stadium in London renowned artists such as AC/DC, Sunrise Avenue, Muse or
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