DEAG: Significant growth in sales with disproportionately high increase in earnings in 2018
- Group sales increase by 25% to EUR 200.2 million
- EBITDA increases by 123% to EUR 14.6 million
- Significant EBIT increase by 110% to EUR 10.6 million
Berlin, 21 March 2019 – DEAG Deutsche Entertainment AG (DEAG), Berlin, ISIN: DE000A0Z23G6, Ticker: ERMK, listed in the Prime Standard, has released its preliminary figures for financial year 2018. Accordingly, the company recorded profitable growth and exceeded its sales and earnings forecast. Sales before consolidation increased by 20% to EUR 215 million (previous year: EUR 179 million), sales after consolidation increased by 25% to EUR 200.2 million (previous year: EUR 159.8 million). DEAG increased its earnings disproportionately to sales in the past financial year and further improved the Group’s profitability accordingly. Earnings before interest, taxes, depreciation and amortisation (EBITDA) were up by 123% to EUR 14.6 million (previous year: EUR 6.5 million). Earnings before interest and taxes (EBIT) also improved significantly by 110% to EUR 10.6 million (previous year: EUR 5.1 million).
The current financial year got off to an excellent start for DEAG. The very well-filled event pipeline forms a solid basis for a positive business development in 2019. DEAG sees realistic opportunities for internal and external growth in all five business divisions, Rock/Pop, Classics & Jazz, Family Entertainment, Arts+Exhibitions and Ticketing in the current year 2019.
DEAG will publish the full report on financial year 2018 with the final figures on 29 March 2019.
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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 around 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 | ERMK) are listed in the Prime Standard of the Frankfurt Stock Exchange, the quality segment of Deutsche Börse.