DEAG Sees Positive Business Performance Amidst 2024 Challenges

DEAG Deutsche Entertainment Aktiengesellschaft reported a positive business performance for the first half of 2024, despite adverse market conditions in Europe. Revenue witnessed an 8.2% increase from EUR 122.7 million to EUR 132.7 million. EBITDA stood at EUR 3.1 million, aligning with expectations, even after expenses related to executive reorganization and integration costs for newly acquired companies.

The company remained resilient against challenges like economic downturns and adverse weather conditions affecting festivals. DEAG's event formats and ticketing business performed robustly, supporting positive forecasts for the latter half of 2024. Notably, the company also advanced its M&A activities, acquiring three companies to strengthen its portfolio.

DEAG projects continued growth in revenue and EBITDA, leveraging a strong pipeline of events and a solid financial base with liquidity of EUR 97 million.