EQS-News: DEAG announces its intention to Re-IPO on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange
Retrieved on:
Tuesday, January 30, 2024
Brandenburg Gate, Overalls, Regulation, Rock & Pop, Offering, Artisan Entertainment, COVID-19, Coronavirus, Growth, Geography, Collection, Tax, Universal Classics and Jazz, EUR, Marketing, The Company, The Walt Disney Company, Frankfurt Stock Exchange, Live, Family Entertainment, Acquisition, Depreciation, Berlin Philharmonic, Nature One, Regulated market, Vienna Philharmonic, IPO, Intellectual property, Security (finance)
The Company targets a yearly organic revenue growth above market rates and continued unadjusted EBITDA margin expansion due to the highly profitable new Ticketing and Services segment.
Key Points:
- The Company targets a yearly organic revenue growth above market rates and continued unadjusted EBITDA margin expansion due to the highly profitable new Ticketing and Services segment.
- Berlin, 18 January, 2024 — DEAG Deutsche Entertainment Aktiengesellschaft (the "Company" and, together with its subsidiaries, "DEAG"), one of Europe’s leading live entertainment service providers based on revenue, announces its intention to list its shares on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange in the first quarter of 2024, subject to market conditions.
- With the help of its major shareholders, DEAG used the time during the pandemic to make important strategic decisions and implement them.
- A smaller percentage of the proceeds will also be used to repay certain bank loans and for general corporate purposes.