{"id":19680,"date":"2017-06-27T10:52:34","date_gmt":"2017-06-27T08:52:34","guid":{"rendered":"https:\/\/wordpress-783423-2671269.cloudwaysapps.com\/?p=19680"},"modified":"2025-01-29T13:20:26","modified_gmt":"2025-01-29T12:20:26","slug":"june-27-2017-deag-annual-general-meeting-supports-strategy-for-profitable-company-growth","status":"publish","type":"post","link":"https:\/\/www.cometis.de\/en\/june-27-2017-deag-annual-general-meeting-supports-strategy-for-profitable-company-growth\/","title":{"rendered":"<span id=\"2017\" class=\"Postdate\">27 June 2017<\/span> | DEAG: Annual General Meeting supports strategy for profitable company growth"},"content":{"rendered":"<style>\n.zur\u00fcckbutton:before {\n    display: inline-block;\n    font-family: \"ETmodules\";\n    content: \"4a\";\n    color: #00225f;\n    margin-right: 7px;\n}\n.zur\u00fcckbutton:hover:before {\n    display: inline-block;\n    font-family: \"ETmodules\";\n    content: \"4a\";\n    color: #d85710;\n    margin-right: 7px;\n}\n<\/style>\n<h1 style=\"text-align: justify;\">Corporate news<\/h1>\n<p> <a class=\"zur\u00fcckbutton\" href=\"https:\/\/cometis.de\/en\/publication-archive-deag\">to the archive<\/a><\/p>\n<h1>DEAG: Annual General Meeting supports strategy for profitable company growth<\/h1>\n<p>2017-06-27 18:02:01<br \/>\nDGAP-News: DEAG: Annual General Meeting supports strategy for profitable company growth<\/p>\n<p>DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft \/ Key word(s): AGM\/EGM<\/p>\n<p>27.06.2017 \/ 18:02<br \/>\nThe issuer is solely responsible for the content of this announcement.<\/p>\n<p>Corporate News<\/p>\n<p>DEAG: Annual General Meeting supports strategy for profitable company growth<\/p>\n<p>&#8211; All agenda items approved and passed<\/p>\n<p>&#8211; Executive Board and Supervisory Board discharged for fiscal year 2016<\/p>\n<p>&#8211; Wolf-D. Gramatke, Michael Busch and Prof. Katja Nettesheim elected to the Supervisory Board<\/p>\n<p>&#8211; Forecast for 2017 confirmed<\/p>\n<p>Berlin, June 27, 2017 &#8211; DEAG Deutsche Entertainment AG (DEAG), Berlin (ISIN: DE000A0Z23G6, WKN: A0Z23G), listed in the Prime Standard, successfully held its 2017 Annual General Meeting today. At Meistersaal in Berlin the Executive Board informed the shareholders in detail about the developments of fiscal year 2016, the strategic reorientation of DEAG and its continuing outlook.<\/p>\n<p>As part of the Annual General Meeting, the Executive Board reported in detail on the strategic development of DEAG in fiscal year 2016. Therefore, the concert promoter has developed into an entertainment service provider with an integrated business model that combines live entertainment with its own ticketing platform MyTicket. In live entertainment, the company is active in the Rock\/Pop, Classic &#038; Jazz, Family Entertainment and Arts + Exhibitions business fields. The Chairman of DEAG&#8217;s Executive Board, Professor Peter Schwenkow, sees the company position significantly broader now and thus more stable than in the past. Professor Schwenkow is convinced, that DEAG&#8217;s future lies in a profitable event business combined with a high-margin ticketing business.<\/p>\n<p>After setting the strategic course for positive business development in 2016, the strategy will be realized in 2017 and 2018. Given the positive outlook in all five business fields, and particularly also in the UK, the Executive Board of DEAG expects that the measures taken will increasingly lead to sales growth and profitability. As a result, the Executive Board is forecasting sustained high sales for fiscal year 2017, slightly higher than the previous year, with earnings before interest and taxes (EBIT) expected in the medium to upper single-digit million euro range.<\/p>\n<p>In all the items on the agenda the Annual General Meeting adopted the proposals of the Management. Of particular note, the Annual General Meeting discharged the Executive Board and the Supervisory Board for the past fiscal year 2016. In addition, the Annual General Meeting followed the company&#8217;s proposal and appointed Wolf-D. Gramatke, Michael Busch and Prof. Katja Nettesheim to the company&#8217;s Supervisory Board until 2022.<\/p>\n<p>About DEAG<\/p>\n<p>DEAG Deutsche Entertainment AG (DEAG) is an integrated entertainment company and a leading provider of live entertainment in Europe with subsidiaries in the GSA region and the United Kingdom. DEAG produces and profitably organizes a broad range of events and concerts. Its own distribution business, mytic myticket AG, which is also share-held by two large print and TV media companies, increases the company&#8217;s profitability and scales its business model. DEAG organizes about 2,000 concerts and events a year, selling more than 5 million tickets at present, a steadily increasing part of which is sold via its high-turnover online distribution channel MyTicket.<\/p>\n<p>Live events range from rock\/pop, classic &#038; jazz, the strongly growing Family Entertainment division as well as Arts + Exhibitions. The festivals and family entertainment divisions are particularly fundamental for the further development of DEAG&#8217;s own content. Its network of strong partners allows DEAG to put itself in an excellent market position as an internationally active live entertainment group. DEAG shares (ISIN: DE000A0Z23G6 | WKN: A0Z23G | ERMK) are quoted in the Prime Standard segment of the Frankfurt Stock Exchange, which is the quality segment of the Deutsche B\u00f6rse, the German stock exchange.<\/p>\n<p>IR contact<\/p>\n<p>cometis AG<br \/>\nClaudius Krause<br \/>\nPhone: +49-611-20585528<br \/>\nEmail: deag@cometis.de<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corporate news to the archive DEAG: Annual General Meeting supports strategy for profitable company growth 2017-06-27 18:02:01 DGAP-News: DEAG: Annual General Meeting supports strategy for profitable company growth DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft \/ Key word(s): AGM\/EGM 27.06.2017 \/ 18:02 The issuer is solely responsible for the content of this announcement. Corporate News DEAG: Annual [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":98872,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[148,90],"tags":[151],"class_list":["post-19680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deag-corporate-news-en","category-news-en","tag-151"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>27 June 2017 | DEAG: Annual General Meeting supports strategy for profitable company growth - cometis AG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cometis.de\/en\/june-27-2017-deag-annual-general-meeting-supports-strategy-for-profitable-company-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"27 June 2017 | DEAG: Annual General Meeting supports strategy for profitable company growth\" \/>\n<meta property=\"og:description\" content=\"Corporate news to the archive DEAG: Annual General Meeting supports strategy for profitable company growth 2017-06-27 18:02:01 DGAP-News: DEAG: Annual General Meeting supports strategy for profitable company growth DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft \/ Key word(s): AGM\/EGM 27.06.2017 \/ 18:02 The issuer is solely responsible for the content of this announcement. 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