DEAG Deutsche Entertainment AG
ots Ad hoc-Service: DEAG AG <DE0005513907>
Berlin (ots Ad hoc-Service) -
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EBITDA increased by 190% from DM13.4 million to DM38.8 million - EPS more than doubled, record sales (+ 200%) total DM506 million in 2000 - DM680 million sales (+34%) forecast for 2001, again profits expected to double - Berlin, March 29th 2001 - At todays balance-sheet press conference in Berlin the management board of DEAG will be presenting the financial statements for 2000. They show earnings per share on the basis of diluted shares in the review period to have more than doubled from DM0.36 in 1999 to DM0.73 in 2000. Sales increased by nearly 200% to DM506 million in 2000 (1999: DM169.9 million). DEAG has thus exceeded by more than 80% the DM0.39 EPS forecast by a consensus of analysts and shown that strong growth can be combined with a continuous increase in profits. EBITDA increased by 190% from DM13.4 million in 1999 to DM38.8 million in 2000. Cash flow improved by roughly 70% to DM7.3 million. DEAG expects for 2001, based on first-quarter sales growth of at least 300%, correspondingly above-average results. This year, DEAG forecasts sales of DM680 million, EPS up 250% to DM1.96 and EBITDA of at least DM45 million.
Original-Content von: DEAG Deutsche Entertainment AG, übermittelt durch news aktuell