DGAP-News: DEAG on track for the full year after first half of 2019


DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Half Year Results
DEAG on track for the full year after first half of 2019

29.08.2019 / 10:00
The issuer is solely responsible for the content of this announcement.

Corporate News

DEAG on track for the full year after first half of 2019

- Group sales in H1 of around EUR 64 million, Group EBITDA margin rises to 5% thanks to optimised ticketing business and profitable product mix

- Sales shift from Q2 to Q3 due to planned large-volume events

- Very strong start to Q3; acquisitions from H1 will contribute to sales for the first time

- Probably one of the strongest fourth quarters in the company's history

- Further acquisitions planned for the second half of the year

Berlin, 29 August 2019 - DEAG Deutsche Entertainment Aktiengesellschaft (DEAG), Berlin, listed in the Prime Standard, ISIN: DE000A0Z23G6, Ticker symbol (NEW): LOUD, has announced its preliminary figures on its operating performance in the first half of 2019. Based on these results, the DEAG Group recorded sales of EUR 63.9 million in the first half of 2019, compared to EUR 118.0 million in the previous year. Operating earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 3.1 million compared to EUR 4.2 million on a comparable basis. The operating EBITDA margin was 4.9% after 3.6% in the previous year.

The decline in sales is mainly attributable to the seasonal postponement of certain events. For example, the 12 stadium shows with Ed Sheeran in the UK were held in the second quarter of 2018. His "Divide" tour is the most commercially successful tour of all time. In 2019, the 6 concerts with Ed Sheeran organised by DEAG fall in the third quarter. Additional concerts will also be held in July and August with Rock and Pop bands such as Böhse Onkelz, Foreigner, Stereophonics, Limp Bizkit and Toto. For this reason, the company is forecasting sales of around EUR 55 million in the third quarter, an increase of more than 60% over the previous year. In addition, DEAG expects this year to be one of the strongest fourth quarters in company history and above-average growth in earnings. Ticketing and the profitable event formats in the Christmas business are expected to contribute to this.

This assumption is primarily based on organic business expansion. By expanding successful, profitable formats in all business segments, DEAG is continuing its organic growth as planned in the second half of the year. Among other events, the successful "TimeRide" format will be expanded from one to five locations. The successful "Christmas Garden" format will also be offered in six cities instead of three in 2019, including other European countries for the first time. In addition, the Group is increasing the number of its Christmas Circuses from two to three locations. Of particular significance is the fact that DEAG will distribute more than half a million tickets for these events almost exclusively via its MyTicket platform.

Besides the very successful Christmas Village in Kiel, Wuppertal and Hamburg will also be added to the line-up in the winter of this year.

Besides organic growth, DEAG is also pressing ahead with its acquisition and integration strategy. The Group already successfully completed four transactions in Switzerland and Germany in 2019. These include the majority holding in the MEWES Entertainment Group to position itself even more broadly in the "Schlager und Volksmusik" [German popular music] segment. In the second half of the year, the company plans to make further acquisitions to strengthen both its portfolio and existing value creation. In this context, DEAG is closely monitoring the possible effects of the current discussions about the announced Brexit in the UK.

In view of the successful start to the current quarter and the emerging growth opportunities, the Executive Board confirms its forecast for 2019 as a whole.

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 over 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 | LOUD) 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

29.08.2019 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
Phone: +49-30-810 75-0
Fax: +49-30-810 75-519
E-mail: deag@cometis.de
Internet: www.deag.de
ISIN: DE000A0Z23G6, DE000A2NBF25
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London
EQS News ID: 865199

End of News DGAP News Service

865199  29.08.2019 


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

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0Z23G 2,390 Kaufen 46,91
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 19,38 0,000 -24,90
5,64 2,85 0,25 3,238
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
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
-16,38% -33,70% -45,43% -45,68%
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu DEAG Deutsche Entertainment Aktiengesellschaft  ISIN: DE000A0Z23G6 können Sie bei DGAP abrufen

Medien (Film, Musik) , A0Z23G , LOUD , XETR:ERMK