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DEAG Deutsche Entertainment AG (ERMGk.DE)

ERMGk.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

DEAG Deutsche Entertainment acquires stake in virtual reality entertainment company Timeride
Monday, 4 Sep 2017 06:46am EDT 

Sept 4 (Reuters) - DEAG DEUTSCHE ENTERTAINMENT AG ::ACQUIRES A STAKE IN VIRTUAL REALITY ENTERTAINMENT COMPANY TIMERIDE.‍JOINT STAKE IN TIMERIDE GMBH FOR DEAG AND ITS SUBSIDIARY HANDWERKER PROMOTION E. GMBH​.‍DEAG ACQUIRED AN 8% STAKE WHILE HANDWERKER PROMOTION SECURED ITSELF A 4% STAKE​.‍ATTRACTIVE GROWTH POTENTIAL FORECASTED WITH POSSIBLE ROLL OUT OF VIRTUAL REALITY FORMAT​.  Full Article

DEAG Deutsche Entertainment H1 operating result turns to profit of 0.3 mln euros
Thursday, 31 Aug 2017 02:00am EDT 

Aug 31 (Reuters) - DEAG DEUTSCHE ENTERTAINMENT AG ::H1 SALES ROSE BY 14.4% TO EUR 90.2 MILLION (BEFORE CONSOLIDATION: EUR 104.3 MILLION).IS EXCEPTIONALLY OPTIMISTIC ABOUT CONTINUING BUSINESS TREND IN 2017.FULL-YEAR FORECAST IS EXPECTED TO BE ATTAINED.H1 OPERATING RESULT BEFORE INTEREST AND TAXES UP BY EUR 3.9 MILLION TO EUR 0.3 MILLION.  Full Article

DEAG to buy British event promoter Flying Music
Friday, 18 Aug 2017 11:15am EDT 

Aug 18 (Reuters) - DEAG DEUTSCHE ENTERTAINMENT AG ::DGAP-ADHOC: DEAG TO ACQUIRE BRITISH EVENT PROMOTER FLYING MUSIC.ACQUIRING 60% OF SHARES OF BRITISH PROMOTER FLYING MUSIC GROUP HOLDING.PURCHASE PRICE OF APPROXIMATELY GBP 5.0 MILLION WILL POSSIBLY INCREASE LATER,.IN FY 2016/2017, FLYING MUSIC GROUP GENERATED SALES OF AROUND EUR 20 MILLION.WITH FUTURE SALES CONTRIBUTION OF FLYING MUSIC GROUP, DEAG GROUP'S SALES IN UK TO INCREASE TO OVER EUR 100 MILLION IN 2018.  Full Article

DEAG: forecast for 2017 confirmed at AGM
Tuesday, 27 Jun 2017 12:02pm EDT 

June 27 (Reuters) - DEAG DEUTSCHE ENTERTAINMENT AG ::AGM: FORECAST FOR 2017 CONFIRMED.  Full Article

DEAG Deutsche Entertainment Q1 ‍operating result stable at 0.2 million euros
Wednesday, 31 May 2017 08:43am EDT 

May 31 (Reuters) - DEAG DEUTSCHE ENTERTAINMENT AG ::‍OPERATING RESULT BEFORE INTEREST AND TAXES FOR Q1 OF 2017 AMOUNTED TO EUR 0.2 MILLION, ROUGHLY EQUAL TO PREVIOUS YEAR'S LEVEL​.SALES OF EUR 19.5 MILLION IN Q1 OF 2017, WERE IN LINE WITH EXPECTATIONS (PREVIOUS YEAR: EUR 31.3 MILLION)..Q1 GROSS PROFIT FROM SALES AMOUNTED TO EUR 6.1 MILLION (PREVIOUS YEAR: EUR 6.7 MILLION).  Full Article

DEAG Deutsche Entertainment successfully places capital increase
Tuesday, 23 May 2017 06:47am EDT 

May 23 (Reuters) - DEAG DEUTSCHE ENTERTAINMENT AG ::CAPITAL INCREASE SUCCESSFULLY PLACED.GROSS ISSUE PROCEEDS IS EUR 4,905,813.60.  Full Article

DEAG to boost its market expansion in UK
Tuesday, 2 May 2017 03:31pm EDT 

May 2 (Reuters) - Deag Deutsche Entertainment Ag :Deag to boost its market expansion in UK.Acquisition should be carried out in coming weeks.Acquisition should lead to increase in available annual ticket volume by about 400,000 tickets to about more than 2.0 million tickets in uk.Expects significant synergy effects in area of artist and program marketing as well.Expects to generate profit in current FY in seven-digit range from all ticketing activities in Germany, Austria, UK combined.Planning to file for a second listing on alternative investment market of London stock exchange.  Full Article

DEAG intends to increase capital with subscription rights by utilizing authorized capital
Tuesday, 2 May 2017 03:05pm EDT 

May 2 (Reuters) - Deag Deutsche Entertainment Ag :DEAG intends to increase capital with subscription rights by utilizing authorized capital.Executive board approved cash capital increase with subscription rights from authorized capital.Company's capital of 16.3 million euros is to be increased by up to euro 2 million to 18.4 million euros.Issuing up to 2 million new bearer shares with a notional share in share capital of 1.00 euro per share.Intends to use expected gross proceeds of up to 5 million euros to finance planned expansion of uk business.  Full Article

DEAG Deutsche Entertainment FY sales prior to consolidation stable at 204.9 million euros
Thursday, 13 Apr 2017 07:47am EDT 

DEAG Deutsche Entertainment AG : Continued high sales level with further improvement in earnings expected for 2017 . Sales of 204.9 million euros ($217.73 million) in 2016 prior to consolidation and was thus roughly on previous year's level . EBIT in 2016 amounted to 0.5 million euros (previous year: -26.2 million euros) .For 2017, executive board expects EBIT in medium to upper single-digit million euro range.  Full Article

DEAG Deutsche Entertainment sells stake in Manfred Hertlein Veranstaltungs GmbH
Monday, 13 Feb 2017 06:45am EST 

DEAG Deutsche Entertainment AG : Has sold its stake in Würzburg-based Manfred Hertlein Veranstaltungs GmbH, which it held through Gold Entertainment GmbH, company it co-operated together with Sony Music .Intends to increase its shares in Gold Entertainment GmbH to 100%.  Full Article