DEAG: 2006 Good And 2007 Even Better
DEAG chief Peter Schwenkow wasn’t prepared to make any in-depth comment so far in advance of the company publishing its 2006 trading figures, but he does expect 2006 to be "good" and 2007 "even better."
Schwenkow, who missed ILMC because he had a 2,400-capacity sellout show at Frankfurt’s Alte Oper with Mexican tenor Rolando Villazon, another example of his LEA award-winning passion for promoting classical music, will already have some idea from the interim results, as the final figures are due to be published March 30.
After declaring 2004 profits of about US$ 5.9 million dollars, which was mainly the result of a one-off tax windfall, DEAG had a net loss of euro 3.8 million for 2005, although that included exceptional items such as writing off euro 3 million in respect of the goodwill for the business areas managed by former partner Marcel Avram.
The operational profit still showed at euro 2.1 million (EBIT), which is the figure Schwenkow will want to beat at the end of the month.