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22.11.2018 13:17:47

DGAP-Adhoc: DEAG Deutsche Entertainment Aktiengesellschaft: DEAG raises EBIT forecast for 2018

DGAP-Ad-hoc: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Change in Forecast/Change in Forecast
DEAG Deutsche Entertainment Aktiengesellschaft: DEAG raises EBIT forecast for 2018

22-Nov-2018 / 13:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


 

Publication of insider information pursuant to Article 17 of Regulation (EU) No. 596/2014

DEAG raises EBIT forecast for 2018

Berlin, 22 November 2018 - DEAG Deutsche Entertainment Aktiengesellschaft (DEAG), Berlin, ISIN: DE000A0Z23G6, ticker: ERMK, listed in the Prime Standard, announces today that according to preliminary figures, revenue in the third quarter of 2018 increased significantly by 65% from EUR 21.2 million to EUR 34.9 million compared to the previous year. Earnings before interest and taxes (EBIT*) also improved significantly from EUR -1.2 million in the previous year to EUR 0.1 million. For the first time since 2012, DEAG achieved a positive EBIT in the traditionally weaker third quarter of the financial year.

Due to the very good development in the first nine months of 2018 with sales revenues of EUR 152.9 million and earnings before interest and taxes (EBIT)* of EUR 8.2 million as well as the well-filled calendar of events for the traditionally strong fourth quarter, the Executive Board has raised its earnings forecast for 2018. For the financial year, the Executive Board expects revenue of over EUR 200 million and EBIT of at least EUR 10 million.

*EBIT (earnings before interest and taxes) is calculated as stated in DEAG's consolidated financial statements for financial year 2017 (see DEAG Annual Report 2017, p. 35, available at www.deag.de).

DEAG Deutsche Entertainment Aktiengesellschaft

Communicating parties: Prof. Peter Schwenkow (CEO), Christian Diekmann (COO/CDO), Detlef Kornett (CMO), Ralph Quellmalz (CFO)

+++ End of ad hoc announcement +++


22-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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

 
End of Announcement DGAP News Service

750077  22-Nov-2018 CET/CEST

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