CTS Eventim AG / Miscellaneous
21.05.2010 13:50
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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CTS EVENTIM AG
Acquisition now complete / Market leader in Italy with EUR 20.3 million
revenue and EBITDA of EUR 6.5 million in 2009
Munich, 21 May 2010. CTS EVENTIM AG, listed on the SDAX exchange (ISIN
DE0005470306), successfully completed its acquisition of TicketOne, the
leader of the Italian ticketing market, today. The remaining 49.826% stake
in TicketOne SpA was taken over from AMFIN, a Italian financial investment
company and the co-owner until now, by exercising the purchase option
agreed upon in 2007. This means that, through an intermediate holding, CTS
EVENTIM now holds more than 99.65% of the Italian market leader.
Milan-based TicketOne was established in 1998 and is Italy's leading
provider of ticketing services. Ticket sales for the XXth Winter Olympic
Games in Turin in 2006 were also organised and handled successfully by
TicketOne.
TOST (theatre ticket sales, TicketOne stake 60%) and Panischi (holder of
distribution rights for numerous major promoters in Italy, TicketOne stake
100%) are two companies that also belong to TicketOne. In the 2009
financial year, the TicketOne Group generated revenue of EUR 20.3 million
and an EBITDA of EUR 6.5 million. Since 2007, the year in which the CTS
EVENTIM Group first acquired shares in TicketOne, the company has
significantly increased revenue and income, and is also budgeting for
continued dynamic growth in revenue and profits in the future. The growth
driver, as in Germany, is the migration of conventional ticketing business
to the Internet as a more profitable sales channel.
The current shares in TicketOne were bought for around EUR 20.6 million.
When combined with the previously purchased shares, the total price paid by
CTS EVENTIM AG for almost 100% of the shares amounts to EUR 36.9 million.
For CTS EVENTIM AG, completion of this acquisition in Italy is an example
of how the company is consistently pursuing its European expansion
strategy. In March 2010, CTS EVENTIM took over Ticketcorner, the Swiss
market leader.
For further information: Klaus-Peter Schulenberg, CEO, under +49 421 36 66
201.
21.05.2010 13:50 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: CTS Eventim AG
Dingolfinger Str. 6
81673 München
Deutschland
Phone: 0421/ 3666-233
Fax: 0421/ 3666-290
E-mail: claudia.aderhold@eventim.de
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: CTS Eventim AG takes over additional 49.826% of TicketOne S.p.A. in Italy
| Source: EQS Group AG