DGAP-News
DEAG reports positive business development in 2016 on the basis of preliminary figures
DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Preliminary Results Corporate News |
DEAG reports positive business development in 2016 on the basis of preliminary figures
- Fourth quarter of 2016 best quarter in the last five years
- Revenue before consolidation was EUR 204.9 million in 2016
- EBIT significantly improved compared to the previous year
- Disproportionately strong organic sales and earnings growth in the UK
- Continued high sales level with further improvement in earnings expected for 2017
Berlin, April 13, 2017 - DEAG Deutsche Entertainment AG (DEAG), Berlin (ISIN: DE000A0Z23G6, WKN: A0Z23G), listed on the Prime Standard, has impressively proven the effectiveness of its business model with an impressive final spurt in the fourth quarter. In the last three months of 2016, DEAG generated almost half of total annual sales, for example, representing the strongest quarter in five years with sales of EUR 86.8 million (Q4 2015: EUR 53.9 million). As expected, Christmas activities were very successful towards the end of the year, particularly the Christmas Garden formats "Christmas at Kew and at Blenheim" and "Christmas Garden Berlin". Other highlights in the fourth quarter were "Disney on Ice" and "Marvel Universe", besides many large tours such as of the Red Hot Chili Peppers, Böhse Onkelz, David Garrett and others.
On the basis of preliminary, unaudited figures, DEAG generated sales of EUR 204.9 million in 2016 prior to consolidation and was thus roughly on the previous year's level. The preliminary sales in 2016 after consolidation amounted to EUR 184.8 million (previous year: EUR 200.4 million). EBIT in 2016 amounted to EUR 0.5 million (previous year: EUR -26.2 million). Fully and finally considered are also the results of the audit by the German Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung).