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DGAP-Adhoc DEAG Deutsche Entertainment Aktiengesellschaft anticipates an EBIT of at least EUR 3 to 5 million in 2016

Nachrichtenquelle: EQS Group AG
04.02.2016, 16:30  |  376   |   |   

DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Forecast

04.02.2016 16:30

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 anticipates an EBIT of at least EUR 3 to 5 million in 2016

- Festivals established - encouraging advance ticket sales and tight risk
management

- So far about 1.8 million tickets sold within the Group for 2016

- At least doubling in sales revenues by myticket.de to be expected

- In Germany already around 10 % of all DEAG tickets currently sold
through myticket.de

Berlin, February 04, 2016 - DEAG Deutsche Entertainment Aktiengesellschaft
(ISIN: DE000A0Z23G6 | ERMK) anticipates earnings before interest and taxes
(EBIT) of at least EUR 3 to 5 million for the current fiscal year, based on
a conservative calculation. A higher value is operationally and through
additional one-off effects possible. After 9 months the EBIT amounted to
EUR -12.7 million in fiscal 2015.

The 2016 business expectations are driven by the following factors, amongst
others: a foreseeable positive development in the Tour and Concert
business, underpinned by 1.8 million tickets already sold today for the
around 1,900 events, which are in advance sales for 2016 and a clear
ramp-up curve for the tickets sold through the Group's own distribution
platform, myticket.de. The high-margin sales revenues of myticket.de are
likely to at least double in 2016. In December 2015 and January 2016
already around 10 % of all DEAG tickets were sold in Germany through
myticket.de.

As far as its rock festivals are concerned, DEAG has succeeded in winning
over high-profile and crowd-pulling artists as headliners for all four
events in May and June 2016. The advance ticket sales have developed in an
accordingly positive manner. So far already more than 100,000 tickets have
been sold for the rock festivals. The advance ticket sales for the
individual festivals are partly significantly above the prior year level.
Against the backdrop of the internationally successful establishment
amongst artists and agents, the competition situation for the festivals has
undergone a positive change for 2016 as well. The necessary expenses for
fees and production costs in this field have been reduced during the
current year by around EUR 21 million, with the same quality level. Under
these circumstances DEAG has decided to stage the festival in North-Rhine
Westphalia in 2016 not in Gelsenkirchen, but in the Dortmund Westfalenhalle
arena. Visibility concerning costs and results for the festivals has
significantly increased during the second year of organization.
Consequently, DEAG expects for the current year an almost balanced
contribution to earnings from the Festival business unit. In 2015 a
double-digit million Euro deficit had accrued for the festivals, amongst
others due to the necessary start-up expenditure and one-off effects which
were fully posted during the first three quarters of the past year.

The forecast does not take into account a positive impact on the income of
the Group which might result from possible inflows of funds from legal
proceedings and compositions for DEAG during the current fiscal year. In
connection with the planned rock festival at the Nürburgring in 2015 DEAG
asserts claims of altogether more than EUR 10 million. Incoming payments
would in that case be almost fully recognized in the income statement since
the associated expenses have likewise already been recorded during the
first three-quarters of 2015.


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Information and Explaination of the Issuer to this News:

The four big rock festivals of DEAG will be staged at the end of
May/beginning of June 2016: the 'Sonisphere Festival - Allmend rocks' in
Luzern, 'Rock in Vienna' in Vienna, 'Rockavaria' in Munich and 'Rock im
Revier' in North-Rhine Westphalia. Top acts will be, amongst others, Iron
Maiden, Rammstein, Slayer, Nightwish, Iggy Pop, In Extremo and Sabaton as
well as many other top-class artists.

For the festivals already more than 100,000 tickets have been sold four
months before their staging. The 'Sonisphere Festival - Allmend rocks' is
almost sold out, the sales numbers for 'Rock in Vienna' are currently with
approximately 60 % above the good prior year value and 'Rockavaria', too,
continues with the good sales numbers of 2015. Concerning the festival in
North-Rhine Westphalia, DEAG has selected a new venue following
co-ordination with the artists and decided in favor of the Dortmund
Westfalenhalle arena, which boasts a successful tradition of large rock/pop
events of many decades. It is intended to continue this established
tradition with 'Rock im Revier'. At the same time the Westfalenhalle
provides DEAG with attractive economic terms and conditions which represent
an excellent mix with a tried and tested good offering for music fans. The
Executive Board of DEAG will analyze the rock festival in North-Rhine
Westphalia in detail in view of sustainable profitability but is optimistic
that it will be able to establish a long-term successful festival in this
region, too.

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

04.02.2016 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

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DGAP-Adhoc DEAG Deutsche Entertainment Aktiengesellschaft anticipates an EBIT of at least EUR 3 to 5 million in 2016

DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Forecast 04.02.2016 16:30 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 …

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