Brief: DEAG H1 Loss After Taxes Turns To Profit Of EUR 1.3 Mln

Deag Deutsche Entertainment AG

27/08/2021 09:10

Aug 27 (Reuters) - DEAG DEUTSCHE ENTERTAINMENT AG  LOUn.H :
    * EBITDA IN FIRST HALF OF 2021 AT EUR 9.0 MILLION / SALES OF
EUR
7.4 MILLION
    * CONDITIONS TO RETURN TO NORMAL IN 2022
    * EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND
AMORTISATION
(EBITDA) TURNED TO AROUND EUR 9.0 MILLION IN FIRST HALF OF YEAR,
COMPARED TO EUR -0.3 MILLION IN SAME PERIOD OF LAST YEAR
    * SALES REVENUES AMOUNTED TO EUR 7.4 MILLION IN FIRST SIX
MONTHS
    * EBIT IN REPORTING PERIOD WERE EUR 5.0 MILLION (PREVIOUS
YEAR:
EUR -4.2 MILLION) AND GROUP RESULT AFTER TAXES WAS EUR 1.3
MILLION (PREVIOUS YEAR: EUR -5.9 MILLION)
    * HAS PREMATURELY EXTENDED MANAGEMENT BOARD CONTRACT WITH
INCUMBENT CFO ROMAN VELKE BY A FURTHER THREE YEARS UNTIL 31
MARCH 2025

Source text for Eikon:  ID:nEQ44KNma 
Further company coverage:  LOUn.H 

 (Gdansk Newsroom)
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