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DEAG Deutsche Entertainment Aktiengesellschaft: 2019 a successful year for DEAG with a further improvement in the margin

EQS Group Tuesday, 24 March 2020 ()
DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Preliminary Results
24.03.2020 / 15:30
The issuer is solely responsible for the content of this announcement.*Corporate News *

*2019 a successful year for DEAG with a further improvement in the margin *

*Berlin, 24 March 2020* - DEAG Deutsche Entertainment AG ("DEAG", ISIN: DE000A0Z23G6, ticker symbol: LOUD) reports that 2019 was a successful financial year for the company, with a double-digit EBITDA margin in the final quarter of the year, according to preliminary figures. For the year as a whole, the EBITDA margin rose to around 7.6 %, compared to 7.3 % in the previous year.

In the strong fourth quarter of 2019, the Group's sales rose by 31 % in line with planning to EUR 62.1 million, compared to EUR 47.4 million in the same period of the previous year. Q4 revenues thus accounted for 34 % of total sales in financial year 2019 (previous year: 24 %). EBITDA for the period was EUR 6.2 million (previous year: EUR 4.2 million). This equates to an EBITDA margin of around 10 %, mainly driven by a good ticketing business.

For financial year 2019 as a whole, DEAG's Group sales amounted to around EUR 199 million before consolidation and EUR 185.2 million after consolidation. In 2019, this almost completely compensated for the loss of sales from the deconsolidation of Raymond Gubbay Ltd. and the significantly reduced number of Ed Sheeran concerts that were held. The total of five acquisitions made between June and December 2019 are each only included in 2019 sales pro rata temporis. Two further acquisitions originally planned for the fourth quarter of 2019 were postponed until 2020 due to the Brexit issue which was not resolved at that time. Sales in the financial year 2018 amounted to around EUR 213 million before consolidation and EUR 200.2 million after consolidation. EBITDA for the full year 2019 amounted to EUR 14.1 million, including expenses of around EUR 0.5 million incurred for the preparation and execution of the acquisitions. In 2018, EBITDA amounted to EUR 14.6 million including extraordinary income of EUR 5.3 million from the deconsolidation of the Group company Raymond Gubbay Ltd.

For the current financial year 2020, the company had planned double-digit growth in sales and EBITDA. Due to the "corona crisis," it is currently impossible to provide a detailed outlook for the current year for the reporting date. However, any cancellations of current events and those in advance sales due to force majeure are fully covered by insurance (including Covid-19) with one of the largest insurance groups worldwide. The first events that have incurred losses have already been assessed and paid for. For reasons of damage minimisation and in order to take fan interest into account, DEAG is in intensive contact with the artists and partners regarding postponement of the events. Currently, more than 600 events have already been almost completely rescheduled to the coming quarters. Accordingly, a change in the timing of sales and results is possible in the current financial year.

Despite the current situation, DEAG plans to publish its annual financial report for 2019 by no later than 6 April 2020.

*About DEAG*

DEAG Deutsche Entertainment Aktiengesellschaft (DEAG) is a leading entertainment service company and a provider of Live Entertainment in Europe with subsidiaries in its core markets. DEAG produces and profitably organises a broad range of live entertainment events and concerts. As a Live Entertainment service company with an integrated business model, DEAG has extensive expertise in the organisation, marketing and holding of events, as well as in ticket sales via its own ticketing platform 'MyTicket' for its own and third-party content. The highly scalable business model of MyTicket strengthens DEAG on its way to increasing profitability. DEAG promotes over 4,000 concerts and events a year and currently sells more than 5 million tickets, of which a steadily increasing share is sold via its high-turnover ticketing platform MyTicket.

Founded in Berlin in 1978 and listed since 1998, DEAG's core businesses include Rock/Pop, Classics & Jazz, Family Entertainment and Arts+Exhibitions. The Family Entertainment and Arts+Exhibitions divisions in particular are of great importance to the further development of DEAG's own content. With its strong partner network, DEAG is excellently positioned in the market as an internationally active Live Entertainment service company.

DEAG shares (ISIN: DE000A0Z23G6 | WKN: A0Z23G |ticker symbol: LOUD) are listed in the Prime Standard of the Frankfurt Stock Exchange, the quality segment of Deutsche Börse.

*Investor & Public Relations *
edicto GmbH
Axel Mühlhaus
Tel: 0049 69 905505-52
Email: [email protected]

24.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at --------------------

Language: English
Company: DEAG Deutsche Entertainment Aktiengesellschaft
Potsdamer Straße 58
10785 Berlin
Phone: +49-30-810 75-0
Fax: +49-30-810 75-519
E-mail: [email protected]
ISIN: DE000A0Z23G6, DE000A2NBF25
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London
EQS News ID: 1005737
End of News DGAP News Service

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