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DEAG Deutsche Entertainment Aktiengesellschaft: DEAG prepares for further growth in its anniversary year

2018-01-24 11:05:02
DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft: DEAG prepares for further growth in its anniversary year

DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Miscellaneous

24.01.2018 / 11:05
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Corporate News

DEAG prepares for further growth in its anniversary year

– In 2018, DEAG is celebrating both its 40th anniversary and the 20th year of its listing

– Expanding the second management level strengthens operational excellence

– Roman Velke to become the Divisional Board member for Business & Financial Affairs and M&A

Berlin, January 24, 2018 – DEAG Deutsche Entertainment AG (DEAG), Berlin, ISIN: DE000A0Z23G6, listed in the Prime Standard, informs on current developments in the company’s anniversary year. DEAG is celebrating its 40th anniversary in 2018 and has been listed for 20 years. Early in its anniversary year, DEAG is expanding its second management level with the appointment of Roman Velke as “Divisional Board member – Business & Financial Affairs, M&A,” structurally positioning itself for further growth.

Roman Velke is taking on an extended array of responsibilities, moving to DEAG’s second management level as “Divisional Board member – Business & Financial Affairs, M&A.” The graduate salesman and auditor was with BDO AG Wirtschaftsprüfungsgesellschaft until 2011 and since then has been working as an authorized signatory in DEAG’s Corporate Finance Department. He will now assist the Executive Board in his new position with implementing M&A projects, strategic development and expanding business areas, as well as in the area of finance.

The expanded second management level now includes Jacqueline Zich (Divisional Board member DEAG Classics), Moritz Schwenkow (Divisional Board member Local Business and CEO of MyTicket), Daniel Rothammer (Head of Legal) and Roman Velke, all well placed to continue growing the business and advancing together with the Executive Board. The company will focus on international growth in Germany, the United Kingdom and Switzerland in 2018 as well as its own international ticketing platform MyTicket.

The participation of women and men in management positions is given special consideration when it comes to organizing the management team in the Supervisory and Executive Board. Greater diversity in management structures has been consistently promoted in recent years with Prof. Dr. Katja Nettesheim (Member of the Supervisory Board of DEAG, Berlin), Jacqueline Zich (Divisional Board member DEAG Classics, Berlin), Ursula Ottersberg (Managing Director Jahrhunderthalle, Frankfurt), Andrea Blahetek-Hauzenberger (Managing Director Global Concerts, Munich), Sabine Giese (Managing Director Kultur im Park, Berlin), Debra Eagers (Head of Finance RGL Ltd., London), Lisa Scully (Head of Finance Kilimanjaro Holdings Ltd, London), Zac Fox (Head of Operations Kilimanjaro Holdings Ltd., London) and Ramona Kathriner (Head of Finance Good News Productions AG, Zurich).

Prof. Peter L.H. Schwenkow, CEO and founder of DEAG, sees the company well positioned for its anniversary year in 2018: “We are continuing our hard work in our anniversary year, developing DEAG’s content at a high level, improving its earnings potential and strengthening our international market presence. We laid a solid foundation to build on with our success in 2017.”

About DEAG

DEAG Deutsche Entertainment AG (DEAG) is a leading entertainment service company and a provider of live entertainment in Europe with subsidiaries in its core markets. DEAG produces and profitably promotes a broad range of live events and concerts. Its own distribution business, mytic myticket AG, which is also share-held by two large print and TV media companies, increases the company’s profitability and scales its business model. DEAG promotes around 2,500 concerts and events each year, selling more than 5 million tickets at present, a steadily increasing part of which is sold via its high-turnover eCommerce platforms “MyTicket.”

The core business areas of DEAG range from rock/pop, classics & jazz, the strongly growing Family Entertainment division as well as Arts + Exhibitions. The family entertainment division is particularly fundamental for the further development of DEAG’s own content. Its network of strong partners allows DEAG to put itself in an excellent market position as an internationally active live entertainment group.

DEAG shares (ISIN: DE000A0Z23G6 | WKN: A0Z23G | ERMK) are quoted in the Prime Standard segment of the Frankfurt Stock Exchange, which is the quality segment of the Deutsche Börse, the German stock exchange.

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Claudius Krause
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