PresseBox
Press release BoxID: 558475 (DEAG Deutsche Entertainment AG)
  • DEAG Deutsche Entertainment AG
  • Potsdamer Straße 58
  • 10785 Berlin
  • http://www.deag.de
  • Contact person
  • Axel Mühlhaus
  • +49 (69) 905505-52

DEAG anticipates sales revenues of more than EUR 160 million for the Group companies in 2012

(PresseBox) (Berlin, ) ·
- Third-quarter figures ahead of expectations
- Fourth quarter and full year likely to significantly exceed market expectations
- Concert pipeline and ticket sales for 2013 very strong

DEAG Deutsche Entertainment AG (ISIN DE000A0Z23G6) concretizes, after a third quarter 2012 ahead of planning, its full year forecast and is likely to considerably outperform market expectations. For the full year 2012 DEAG anticipates sales revenues of all Group companies before consolidation of more than EUR 160 million. This means another rise versus the already very strong fiscal 2011. Group sales revenues before consolidation are expected to reach more than EUR 64 million during Q4/2012. The growing sales revenue dynamics in Germany and abroad are also likely to be reflected by the result.

The basis for the high full year forecast is made up by the many concerts with a high attendance in Q4 and the business development ahead of the company's own planning after nine months and during the third quarter, taking into account this year's seasonality. The summer of 2012 was marked, as planned, by a low density of events due to the European Football Championship and the Olympics. Nonetheless the sales revenues generated by DEAG increased during the first nine months of 2012 from EUR 93.9 million to EUR 96.5 million. EUR 30.7 million were generated during the third quarter, versus EUR 29.2 million a year ago. The EBIT of EUR 4.2 million after nine months (prior year: EUR 5.8 million) was above all marked by advance expenses for events during the final quarter of the year. The result for the period after minorities amounted after 9 months in 2012 to EUR 1.8 million versus EUR 2.0 million a year ago.

The trend suggests that the strong Q4/2012, as the dominating quarter of the full year, will continue in fiscal 2013 with very positive ticket sales and a strong event pipeline. Consequently, the Executive Board will propose to continue the dividend policy of the company with an adjustment to the positive development.

The interim Group report with the final numbers for the first 9 months 2012 will be available for downloading from November 30, 2012 onwards on www.deag.de in the Investor Relations section.