DGAP-Adhoc: DEAG Deutsche Entertainment Aktiengesellschaft

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News Desk 2018

Apr 30, 2015 at 12:30 PM

DGAP-Adhoc: DEAG Deutsche Entertainment Aktiengesellschaft increases sales, adjusted EBIT and net result in 2014 overall

DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Final Results 30.04.2015 18:14 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc announcement in accordance with Â§ 15 WpHG (German Securities Trading Act) DEAG increases sales, adjusted EBIT and net result in 2014 overall - Final figures correspond with preliminary results - Liquidity increases by 136% and equity by 50% - Own ticket distribution platform myticket develops very successfully - Over 750,000 attendees to festivals and open air events Berlin, April 30, 2015 - DEAG Deutsche Entertainment Aktiengesellschaft (ISIN: DE000A0Z23G6) will publish its final figures for the 2014 financial year today. These figures correspond in full with the preliminary results already published on 30 March. DEAG continued to grow in 2014 and was able to increase consolidated group sales from 165.5 million euros in the previous year to 172.6 million euros, and the EBIT (earnings before interest and taxes) adjusted by special effects from 8.7 million euros in the previous year to 9.1 million euros. DEAG has also gained on the bottom line: the group profits due to DEAG shareholders after taxes rose from 0.98 million euros in the previous year to 1.02 million euros in the 2014 financial year. DEAG made a risk provision for reasons of prudence in the annual financial statements, corresponding to the result of the breach of contract by the co-organiser capricorn NÃRBURGRING GmbH (CNG) of the rock festival at the NÃ¼rburgring, which did not come about. One-off marketing expenses at the launch of the online-ticketing distribution platform myticket.de and the risk provision for reasons of prudence result in a one time extraordinary effect in 2014 of 3 million euros. In this connection, it should be taken into account that DEAG has claimed compensation in full from CNG and took out comprehensive insurance cover in the event of a breach of contract by CNG, which applies up to a total of 7.5 million euros. The mega acts such as METALLICA, MUSE and KISS will now be performing in the Veltins Arena auf Schalke from 29 to 31 May 2015. In particular due to the unfinished valuation of DEAG's festival plans and receivables from CNG and from its insurer, the auditor has now qualified the certificate for the DEAG annual financial statements regarding this one point only. Even if a slow start of the new segment of festivals and open airs is considered, DEAG is expecting in combination with its online-ticketing system this segment to develop into one of the most profitable business units. The successful year 2014 of DEAG is also reflected in the balance sheet. Accordingly, equity increased by around 50%, from 29.6 million euros at the end of 2013 to 44.3 million euros at the end of 2014, after a successful capital increase. The group's liquidity developed particularly positively. It increased by 136% from 22.9 million euros in the previous year to 54.1 million euros at the end of 2014. Deferred revenues, which are a strong indicator of further business development, climbed by a striking 138% from 27.2 million euros at the end of 2013 to 64.6 million euros at the end of 2014. DEAG' ticket distribution platform myticket.de developed very successfully. The Executive Board of DEAG expects the high ticket sales volumes to continue and is assuming between 4.2 and 4.5 million entrance tickets will be sold by the DEAG group in 2015 as a whole. DEAG has prepared a solid base and is looking at a growth spurt in combination with increasing investment at the same time, particularly in the online-ticketing segment. Therefore Executive Board and Supervisory Board decided to propose to the AGM the retention of profits for the year 2014 and to continue with its dividend policy again in the years to follow. The Annual Report 2014 will be published at www.deag.de in the Investor Relations section today. DEAG Deutsche Entertainment Aktiengesellschaft The Executive Board Contact for further information: Axel MÃ¼hlhaus edicto GmbH Tel: +49-69-90 550 552 Email: deag@edicto.de 30.04.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: DEAG Deutsche Entertainment Aktiengesellschaft Potsdamer StraÃe 58 10785 Berlin Germany Phone: +49-30-810 75-0 Fax: +49-30-810 75-519 E-mail: deag@edicto.de Internet: www.deag.de ISIN: DE000A0Z23G6 WKN: A0Z23G Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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