DEAG DEUTSCHE ENTERTAINMENT AG
DGAP-Ad-hoc: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Change in Forecast/Change in Forecast
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. |
| 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
