DEAG Significantly Grows Sales And Earnings In 2018

Till Brönner – Prof. Peter Schwenkow
Founder and CEO of DEAG

German promoter and ticketing company Deutsche Entertainment AG (DEAG) has published its preliminary figures for the fiscal year 2018, recording profitable growth and exceeding its sales and earnings forecast.

Sales before consolidation increased by 20 percent to €215 million (previous year: €179 million), sales after consolidation increased by 25 percent to €200.2 million (previous year: €159.8 million). 

DEAG increased its earnings “disproportionately to sales in the past financial year”, according to the financial report, and further improved the group’s profitability.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) were up by 123 percent to €14.6 million (previous year: €6.5 million). Earnings before interest and taxes (EBIT) improved by 110 percent to €10.6 million (previous year: €5.1 million).

The company states that the current financial year got off to an “excellent start” as well. A “very well-filled event pipeline” forms a solid basis for a positive business development in 2019.

“DEAG sees realistic opportunities for internal and external growth in all five business divisions, Rock/Pop, Classics & Jazz, Family Entertainment, Arts+Exhibitions and Ticketing in the current year 2019,” the report’s summary concludes.

DEAG will publish the full report on financial year 2018 with the final figures on 29 March 2019.