DEAG Deutsche Entertainment Aktiengesellschaft: DEAG ahead of plan for EBIT and above prior year period for sales revenues after nine months

DEAG Deutsche Entertainment Aktiengesellschaft / Quarter Results

30.11.2009 

Dissemination of an Ad hoc announcement according to § 15 WpHG,
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DEAG ahead of plan for EBIT and above prior year period for sales revenues
after nine months
* In a difficult market environment, EBIT improves from EUR -2.4 m to EUR
+2.3 m
* Sales revenues rise to EUR 81.2 million after EUR 76.4 million
* Strong Q4 anticipated and annual forecast confirmed

Berlin, November 30, 2009 - DEAG Deutsche Entertainment AG (ISIN
DE000A0Z23G6) continues to report a positive development during the first
nine months of fiscal 2009 for both sales revenues and the result and
growth in all business lines.

Between January 1 and September 30, 2009, the company generated sales
revenues of EUR 81.2 million (prior year: EUR 76.4 million). EBIT climbed
from EUR -2.4 million to EUR +2.3 million and hence exceeded planning.
Earnings after tax likewise moved from EUR -3.6 million to EUR +1.1
million. The earnings per share improved from EUR -0.21 to EUR +0.03 and
the operating cash flow amounted to EUR 1.8 million.

Thanks to its sustainable and viable strategy DEAG was able to set itself
apart from the stagnant overall development of the market (GfK Study on
consumption behavior of concert and event visitors in Germany in 2008,
November 2009). This was ensured by focusing on its high-margin core
business, the expansion of the Classical Music segment and the intense
development of the 360 degree model in the publishing and recording
segment.

In August 2009 Sony Music Entertainment acquired a 49% interest in the
European Classical Music business of DEAG. This step resulted in a
strengthening and development of artist relationships. Together they are
planning a further expansion into other European countries.

The DEAG Group anticipates a strong 4th quarter and, moreover, a
continuation of the good development. Raymond Gubbay Ltd. will stage many
well-attended productions in Q4 in the Royal Albert Hall and for the first
time also in the London arena The O2. DEAG Classics was able to sign
another long-term partnership through the exclusive take-over of the live
business of Klassik Radio AG. This Agreement secures the company high-value
media volumes. The activities of the Good News Group and the label/music
publisher DEAG Music will close well ahead of plan.

Many tours and concerts for 2010 are already on the market. Advance ticket
sales for a major Peter Maffay tour started on November 28. Tickets for the
three tours with David Garrett are already chalking up very high sales also
against the backdrop of the latest album and DVD released of this artist
with DEAG Music. This development is further confirmation that the 360
degree strategy is the right step when it comes to diversification of the
core business.

Against the backdrop of the positive and ahead-of-schedule development of
the first three quarters and the strong concert pipeline in Q4, Management
Board fully confirms its forecast for the current year, despite the ongoing
uncertain business environment. With sales revenues well in excess of EUR
100 million all earnings ratios are expected to be ahead of prior year and
the financial statements in the positive range.

The full quarterly report will be posted online today at www.deag.de under
Investors.

For further enquiries:
edicto GmbH
Im Gründchen 18a
61389 Schmitten
Germany
Tel.: +49 6084 948 590
Fax: +49 6084 948 592 
Email: deag@edicto.de


Contact:
Edicto GmbH
Axel Mülhaus
Im Gründchen 18a
D-61389 Schmitten
Tel: +49(0)6084/94 85 90
Fax: +49(0)6084/94 85 92 
Email: deag@edicto.de




30.11.2009  Financial News distributed by DGAP. Media archive at
www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      DEAG Deutsche Entertainment Aktiengesellschaft
              Potsdamer Straße 58
              10785 Berlin
              Deutschland
Phone:        +49 (0)30 / 810 75-0
Fax:          +49 (0)30 / 810 75-519
E-mail:       info@deag.de
Internet:     www.deag.de
ISIN:         DE000A0Z23G6
WKN:          A0Z23G
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Stuttgart, Hamburg
 
End of News                                     DGAP News-Service
 
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