DGAP-News: DEAG Deutsche Entertainment Aktiengesellschaft
/ Key word(s): Personnel/Miscellaneous
DEAG positions itself for further growth and appoints Stuart Galbraith and Oliver Hoppe as Divisional Board Members
Berlin, 14 September 2022 – DEAG Deutsche Entertainment Aktiengesellschaft ("DEAG") is strengthening its management team in response to its dynamic growth.
As “Executive Vice President Product and Innovation”, Oliver Hoppe will be responsible for the further development of the overarching product acquisition and utilisation in the future.
As “Executive Vice President International Touring”, Stuart Galbraith will drive the development of the Rock/Pop/Contemporary business within the DEAG Group and in DEAG’s other national markets.
In addition to the already successful Divisional Board Members Jacqueline Zich (Executive Vice President Classics & Jazz & COO DEAG Classics AG) and Benedikt Alder (Executive Vice President Legal Affairs & Business Development), Oliver Hoppe and Stuart Galbraith will support DEAG’s Executive Board with the further national and international expansion of DEAG’s business activities. Their tasks will include the further expansion of the Live Entertainment business and the even stronger interlinking of the DEAG Group companies. This includes the development of new channels for the evaluation of content as well as the further harmonisation of various distribution channels. In addition, Oliver Hoppe and Stuart Galbraith will assist DEAG’s Executive Board with the implementation of M&A projects and create further synergy effects in ticketing and artist acquisition.
Oliver Hoppe is Managing Director of the DEAG subsidiary Wizard Promotions Konzertagentur GmbH, the main tour and concert promoter within the DEAG Group in Germany. In recent years, the company has organised concerts by Iron Maiden, Bryan Ferry, Zucchero, Papa Roach, KISS, Böhse Onkelz and den Scorpions, among other artists. Wizard’s portfolio also includes artists like 50 Cent, Limp Bizkit and Jamie Cullum.
Stuart Galbraith is CEO of the British Entertainment Group Kilimanjaro Holdings Ltd. The DEAG subsidiary has significantly expanded its event portfolio in recent years to include areas such as the Spoken Word, comedy and sports, and is now one of the largest live entertainment promoters in the UK. Both, Stuart Galbraith and Oliver Hoppe will remain active in their roles as CEO of Kilimanjaro Live and Managing Director of Wizard, respectively, and will continue to drive the companies’ further growth.
DEAG was able to report a very strong operating performance for the first half of 2022. Compared to the first half of the pre-crisis year 2019, sales increased by 109 % from EUR 63.9 million to EUR 133.4 million. Earnings before interest, taxes, depreciation and amortisation, EBITDA, increased from EUR 3.1 million to EUR 10.1 million (+226%), thus exceeding planning. For the full year 2022, DEAG expects an increase in revenues to over EUR 300 million and a further improvement in EBITDA. Further investments and acquisitions are at an advanced state of progress. The company is highly convinced that with the appointments of the two additional Divisional Board Members it is excellently positioned for further growth.
DEAG Deutsche Entertainment Aktiengesellschaft (DEAG) is a leading entertainment service company and provider of live entertainment in Europe. DEAG has been present with its Group companies at 15 locations in its core markets of Germany, the UK, Switzerland, Ireland and Denmark. As a live entertainment service provider with an integrated business model, DEAG has extensive expertise in the planning, organisation, marketing and promoting of events.
Founded in Berlin in 1978, DEAG’s core businesses today include Rock/Pop, Classics & Jazz, Family Entertainment, Arts+Exhibitions and Ticketing. Family Entertainment and Arts+Exhibitions are the elementary building blocks for the further development of DEAG’s own content.
Before the COVID-19 pandemic broke out, more than 5 million tickets were sold annually for over 4,000 events – a constantly growing share of which were sold via the Group’s own e-commerce platforms "myticket" and "gigantic.com" for its own and third-party content.
Through its strong partner network, DEAG is excellently positioned in the market.
Investor & Public Relations
Axel Mühlhaus, edicto GmbH
14.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||DEAG Deutsche Entertainment Aktiengesellschaft|
|Potsdamer Straße 58|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Stuttgart, Tradegate Exchange|
|EQS News ID:||1442217|
|End of News||DGAP News Service|
1442217 14.09.2022 CET/CEST