DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft: DEAG: New bonds of DEAG bond 2018/2023 oversubscribed several times


 

DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Bond
DEAG Deutsche Entertainment Aktiengesellschaft: DEAG: New bonds of DEAG bond 2018/2023 oversubscribed several times

24.06.2019 / 15:13
The issuer is solely responsible for the content of this announcement.


 

Corporate News

DEAG: New bonds of DEAG bond 2018/2023 oversubscribed several times

- Early closing of the order book already this afternoon

- Issue price expected to be 103.5 (±0.25%-points)

- Pricing and Allocation on Tuesday, June 25
 

Berlin, 24 June 2019 - DEAG Deutsche Entertainment Aktiengesellschaft (DEAG), Berlin, listed in the Prime Standard, ISIN: DE000A0Z23G6, Ticker: ERMK, announces that due to the very positive response of institutional investors to the new bonds of DEAG bond 2018/2023, the order book will close this afternoon at 4:30 p.m. and thus earlier than announced. DEAG announced this morning that it would increase its bond 2018/2023 (ISIN: DE000A2NBF25) by EUR 5 million in a private placement and close the order book on Tuesday, June 25, 2019. The issue price of the new bonds is expected to be 103.50 % (±0.25 percentage points). Pricing and allocation will take place tomorrow, Tuesday morning, June 25, 2019.

The bond that bears interest at an annual coupon of 6.00% has a total volume of EUR 25 million following the successful increase. The proceeds from the issue will be used to finance growth in the core markets while simultaneously diversifying the financing structure.

"The response to our bond since October 2018 has been very positive. The price is well above par. With the increase to the maximum volume of EUR 25 million already specified in the documentation, we are now meeting the very high demand from institutional investors. At the same time, we are further strengthening our position in order to further advance our profitable growth strategy," commented Prof. Peter Schwenkow, CEO of DEAG. Most recently, the company acquired stakes in C² CONCERTS, I-Motion GmbH and Michael Drieberg's Swiss group of companies, giving it access to even more attractive markets.

The new bonds will be combined with the existing bonds after a transition period of 40 days. The company had mandated IKB Deutsche Industriebank AG, Düsseldorf ("IKB") for the placement, the bank that had already accompanied the issue in October 2018.

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 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.

IR contact
cometis AG
Claudius Krause
Phone: +49-611-20585528
email: deag@cometis.de



24.06.2019 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.

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Language: English
Company: DEAG Deutsche Entertainment Aktiengesellschaft
Potsdamer Straße 58
10785 Berlin
Germany
Phone: +49-30-810 75-0
Fax: +49-30-810 75-519
E-mail: deag@cometis.de
Internet: www.deag.de
ISIN: DE000A0Z23G6, DE000A2NBF25
WKN: A0Z23G, A2NBF2
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London
EQS News ID: 829763

 
End of News DGAP News Service

829763  24.06.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 165,50 172,57 200,36 179,55 159,80 200,22 185,21 170,00
EBITDA1,2 8,90 7,47 -24,52 5,22 6,55 14,59 14,09 11,00
EBITDA-Marge3 5,38 4,33 -12,24 2,91 4,10 7,29 7,61 6,47
EBIT1,4 7,31 4,24 3,72 0,53 5,05 10,59 7,74 5,50
EBIT-Marge5 4,42 2,46 1,86 0,30 3,16 5,29 4,18 3,24
Jahresüberschuss1 2,16 2,22 -28,98 -2,20 -0,70 6,60 0,55 -0,60
Netto-Marge6 1,31 1,29 -14,46 -1,23 -0,44 3,30 0,30 -0,35
Cashflow1,7 -8,09 29,43 -37,85 -5,18 16,65 -13,31 16,44 5,50
Ergebnis je Aktie8 0,27 0,15 -1,83 -0,22 -0,13 0,32 -0,06 -0,35
Dividende8 0,12 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Mazars

INVESTOR-INFORMATIONEN
©boersengefluester.de
DEAG
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0Z23G 2,370 Kaufen 46,51
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 19,38 0,000 -24,69
KBV KCV KUV EV/EBITDA
5,59 2,83 0,25 3,210
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,00 0,00 0,00 25.06.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
28.05.2020 28.08.2020 30.11.2020 07.04.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-16,55% -33,80% -45,89% -45,14%
    
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Medien (Film, Musik) , A0Z23G , LOUD , XETR:ERMK