PROMOTER, TICKETING and label conglomerate Deutsche Entertainment AG (DEAG) says its 2018 earnings before interest, tax, depreciation and amortisation (EBITDA) were up 123 per cent, year-on-year, to €14.6 million ($16.4m).
It reported a 110 per cent rise in earnings before interest and taxes (EBIT) from €5.1m ($5.7m) the previous year, to €10.6m ($11.9m).
The preliminary figures include a 20 per cent rise in sales to €215m ($241m), up from €179m ($201m) the previous year.
DEAG said it is exploring opportunities for “internal and external” growth across is divisions, which include live music, family entertainment, arts & exhibitions and ticketing.
The company appointed Roman Velke, who joined DEAG in 2011 from accountancy firm BDO, as chief financial officer earlier this month.