DEAG DEUTSCHE ENTERTAINMENT AKTIENGESELLSCHAFT (FRA:ERMK) DEAG Deutsche Entertainment Aktiengesellschaft: DEAG: Preliminary results for the fiscal year 2020
Transparency directive : regulatory news
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DGAP-Ad-hoc: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Preliminary Results Publication of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014 DEAG: Preliminary results for the fiscal year 2020 DEAG has submitted applications for the so-called corona aid in all national markets for 2020 and intends to submit further applications that partially could not yet be submitted due to the complex, not yet finalized funding conditions. Together with the expected reduction in obligations for conditional purchase price payments and for put options in connection with company purchase agreements, the company expects an EBITDA* of approx. 8.5m to 9.5m EUR (previous year: 14.1m EUR) for the fiscal year 2020 with an overall negative consolidated result after taxes. Without these special effects, the preliminary EBITDA* is approx. 0.0m to 1.0m EUR and is therefore in line with the forecast which assumed at least a balanced EBITDA*, as well as the market expectation. *EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is calculated as stated in the consolidated financial statements of DEAG for the fiscal year 2019 (see DEAG's annual report 2019, page 32, available at www.deag.de.) Notifying person: Prof. Peter Schwenkow, CEO Investor & Public Relations
15-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | DEAG Deutsche Entertainment Aktiengesellschaft |
| Potsdamer Straße 58 | |
| 10785 Berlin | |
| Germany | |
| Phone: | +49-30-810 75-0 |
| Fax: | +49-30-810 75-519 |
| E-mail: | deag@edicto.de |
| Internet: | www.deag.de |
| ISIN: | DE000A0Z23G6, DE000A2NBF25 |
| WKN: | A0Z23G, A2NBF2 |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London |
| EQS News ID: | 1175761 |
| End of Announcement | DGAP News Service |
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1175761 15-March-2021 CET/CEST