DEAG Deutsche Entertainment Aktiengesellschaft: DEAG raises EBIT forecast for 2018

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.
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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)

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