DEAG Deutsche Entertainment AG (ISIN DE 005513907) managed to improve its Q3 operating result before interest by 122% to 2.0 million Euro (0.9 million Euro in the previous year) at sales of 24.1 million Euro (Previous year 23.0 million Euro) according to preliminary figures. 9 month sales totalled 66.7 million Euro
which means a rise of 29% compared to 2006 sales adjusted by revenues of Marshall Arts which was sold in late 2006.
During the first nine months EBIT rose to 4.5 million up from 3.7 million Euro in the same period last year. EBITDA rose from 4.2 mio. Euro to 5.1 mio. Euro. The increase in sales and results is fuelled by an extraordinarily successful classical music open air season.
In Q3 2007, ACE Entertainment GmbH is included in the DEAG group closing for the first time. ACE promotes the likes of Howard Carpendale and Riverdance in the prospering easy listening ('Schlager') and show segment. While 2006 nine months EBIT has been marked by special effects, the continuous increase in 2007 is viewed by DEAG board as a confirmation of its strategy to strengthen the show and classical music segment in addition to the margin oriented growth in the rock/pop sector. The complete interim report as of September 30, 2007 will be posted at www.deag.de on November 16th, 2007.
which means a rise of 29% compared to 2006 sales adjusted by revenues of Marshall Arts which was sold in late 2006.
During the first nine months EBIT rose to 4.5 million up from 3.7 million Euro in the same period last year. EBITDA rose from 4.2 mio. Euro to 5.1 mio. Euro. The increase in sales and results is fuelled by an extraordinarily successful classical music open air season.
In Q3 2007, ACE Entertainment GmbH is included in the DEAG group closing for the first time. ACE promotes the likes of Howard Carpendale and Riverdance in the prospering easy listening ('Schlager') and show segment. While 2006 nine months EBIT has been marked by special effects, the continuous increase in 2007 is viewed by DEAG board as a confirmation of its strategy to strengthen the show and classical music segment in addition to the margin oriented growth in the rock/pop sector. The complete interim report as of September 30, 2007 will be posted at www.deag.de on November 16th, 2007.
