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DEAG Deutsche Entertainment Aktiengesellschaft: DEAG off to a very good start to financial year 2023 and continues to grow profitably

EQS-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Quarter Results DEAG Deutsche Entertainment Aktiengesellschaft: DEAG off to a very good start to financial year 2023 and continues to grow profitably 26.05.2023 / 11:50 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

 

DEAG off to a very good start to financial year 2023 and continues to grow profitably

• Revenue in the first quarter up 55% to EUR 48 million / EBITDA of EUR 3.1 million
• Ticket sales remain at a very high level
• Further intensification of M&A activities in the second half of 2023

Berlin, 26 May 2023 – DEAG Deutsche Entertainment Aktiengesellschaft (“DEAG”) has gotten off to a very successful start to financial year 2023, with excellent prospects for the year as a whole. In the first three months, revenues increased by 55% to EUR 48 million, compared to EUR 31 million in the same period of the previous year and EUR 25.5 million in the pre-corona year 2019. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 3.1 million. This means almost a doubling of the operating profitability, as the previous year’s figure of EUR 2.8 million still included significant funds from subsidy programmes. EBITDA thus also developed very positively compared to Q1 of the pre-crisis year 2019 and more than tripled from EUR 1.0 million. The expansion of DEAG’s event formats and a diversified event pipeline, as well as a strong ticketing business, in particular, contributed to the good financial figures. In addition, the companies acquired by DEAG since 2019 also contributed to its positive development.

DEAG staged many concerts and events in the reporting period, including the world’s most successful dance show “Riverdance,” “Disney on Ice,” and sold-out concerts with Ed Sheeran and Limp Bizkit. Other major successes included the “Christmas Gardens,” which drew a total of 2 million visitors at 19 locations, and in the Spoken Word & Literary Events division the international literature festival “lit.COLOGNE,” which continued the successes of the pre-corona period by drawing 105,000 visitors. DEAG also increased its ticket sales significantly. The company had sold 4 million tickets for events after the end of the reporting period by the end of March 2023. A high percentage of the tickets are now sold via the Group’s own ticketing platforms myticket.de, myticket.at, myticket.co.uk, gigantic.com and tickets.ie. 50,000 tickets were sold for the European tour of Rammstein singer Till Lindemann in the winter of 2023 exclusively via myticket for Germany within the first 48 hours of the advance sales launch alone. DEAG has also seen strong demand for tickets for concerts in the new Hip Hop and Rap music segment. 25,000 tickets have already been sold exclusively via myticket for concerts by Samra, Tream ans Jazeek, among others. In 2023 as a whole, DEAG is looking to sell a total of more than 10 million tickets for around 6,000 events. This represents another double-digit percentage increase compared to the record year 2022.