checkAd

    DGAP-Adhoc  696  0 Kommentare DEAG Deutsche Entertainment Aktiengesellschaft anticipates an EBIT of at least EUR 3 to 5 million in 2016 - Seite 2


    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.


    ---------------------------------------------------------------------------

    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

    ---------------------------------------------------------------------------

    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

    ---------------------------------------------------------------------------

    Seite 2 von 2



    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    DGAP-Adhoc DEAG Deutsche Entertainment Aktiengesellschaft anticipates an EBIT of at least EUR 3 to 5 million in 2016 - Seite 2 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 …