For the international contemporary live music industry
LiveUK

DEAG Q1 reports overall sales rise

GERMANY -
World News
June 14, 2019

BERLIN-BASED Deutsche Entertainment AG (DEAG) reported a 24 per cent year-on-year rise in sales revenue to €25.5 million ($28.4 million) during the first quarter of the year.

In Q2 last year DEAG’s sales amounted to €27m ($30m), but that included a €6.5m ($7.24m) sales contribution from UK-based classical music promoter Raymond Gubbay, which it sold last year. 

DEAG’s Q1 earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to €1 million ($1.1 million), up 25 per cent from the previous year’s Q1 of €800,000 ($890,000).

The company said all its five divisions, Rock & Pop, Arts & Exhibitions, Family Entertainment, Classics & Jazz and Ticketing, contributed to the growth, and it said it expects to see further growth, with acquisitions in Germany, the UK and Switzerland close to completion.

DEAG and its subsidiaries, which promote around 4,000 events per year and sell more than five million tickets,  include Kilimanjaro Live and Flying Music Group in the UK, Switzerland’s Good News Productions, Germany’s Wizard Promotions, Klaus Bonisch Konzertagentur, ACT Artist Agency and ticketing platform MyTicket.

Other Stories

Viagogo-StubHub merger blocked in UK

February 4, 2021
UNITED KINGDOM CONSUMER WATCHDOG the Competition and Markets Authority (CMA) has ruled that controversial ticket resale website Viagogo must sell its StubHub business outside North…
Read more

Glastonbury cancelled for second year

January 27, 2021
UNITED KINGDON TICKET-BUYERS who placed a £50 deposit on a ticket to Glastonbury Festival (cap. 147,500) in October 2019 have been offered the chance to…
Read more