DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): 9-month figures
CTS Eventim AG & Co. KGaA: Nine-month Report 2014 (1.1. - 30.09.2014)
26.11.2014 / 09:32
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Press release
Nine-month Report 2014 (1.1. - 30.09.2014)
Ticketing EBITDA +22.1% - CTS EVENTIM continues growth course
Group revenue increases 5.7% to EUR 469.3 million / EBITDA improves 6.8% to
EUR 89.4 million / Ticketing segment revenue up 14.3% and EBITDA up 22.1% /
Live Entertainment segment solid compared to previous record year /
Internet sales grow by 24.0% / positive revenue and earnings forecast for
the full year
Munich, 26.11.2014. CTS EVENTIM AG & Co. KGaA, listed on the SDAX exchange
(ISIN DE0005470306), was able to continue the growth course in Germany and
the neighbouring European countries in the first nine months of the 2014
financial year, as a result of both organic growth and growth by
acquisition. After the successful first quarter of 2014, the second and
third quarters were negatively impacted by a major international sporting
event, the FIFA World Cup in Brazil. The dominance of this major
international sporting event meant that fewer events were offered for
presale and that fewer events in Live Entertainment took place .
The CTS Group revenue increased by 5.7% to EUR 469.3 million (Q1-3/2013:
EUR 444.1 million). Normalised EBITDA improved by 5.2% to EUR 90.4 million
(Q1-3/2013: EUR 86.0 million) and normalised EBIT before amortisation from
purchase price allocation rose to EUR 78.2 million (Q1-3/2013: EUR 76.9
million, up 1.7%). EBITDA improved to EUR 89.4 million (Q1-3/2013: EUR 83.7
million, up 6.8%) and EBIT to EUR 68.9 million (Q1-3/2013: EUR 66.8
million, up 3.2%).
The Ticketing segment generated a significant 14.3% revenue growth (before
intersegment consolidation) to EUR 192.6 million. Normalised EBITDA amounts
to EUR 67.5 million (Q1-3/2013: EUR 56.7 million, up 19.0%) and normalised
EBIT before amortisation from purchase price allocation amounts to EUR 56.8
million (Q1-3/2013: EUR 49.2 million, up 15.6%). EBITDA rose to EUR 66.4
million (Q1-3/2013: EUR 54.4 million, up 22.1%), while EBIT increased to
EUR 48.0 million (Q1-3/2013: EUR 39.5 million, up 21.4%). The total
Internet ticketing volume rose to 18.6 million tickets (Q1-3/2013: 15.0
million tickets, up 24.0%); including 2.1 million tickets from acquisitions
made in the 2014 financial year. These growth rates underline once again
the leading position of the CTS Group in online sales of various
entertainment formats.
The Live Entertainment segment achieved a slight 0.7% year-on-year increase
in revenue to EUR 282.4 million (Q1-3/2013: EUR 280.5 million) due to
additional revenue contributions of the in 2013 newly consolidated Swiss
subsidiary. As expected, EBITDA fell 21.5% to EUR 23.0 million (Q1-3/2013:
EUR 29.2 million), due to the absence of major events that was partly
attributable to the FIFA World Cup. The EBIT figure was down 23.2% at EUR
21.0 million (Q1-3/2013: EUR 27.3 million).
In the further course of business, the CTS Group focuses on the growth of
Internet ticketing, international expansion and the introduction of new
products and services. The Management Board expects further growth in both
revenue and earnings for the current financial year.
The nine-month Report for the financial year 2014 is available on our
website simultaneously to the publication of this press release.
For further information contact:
Marco Haeckermann, Director Corp. Development & Strategy, CTS EVENTIM AG &
Co. KGaA,
+49 421 3666 270
Volker Bischoff, CFO, EVENTIM Management AG, +49 421 3666 250
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Language: English
Company: CTS Eventim AG & Co. KGaA
Dingolfinger Str. 6
81673 München
Germany
Phone: 0421/ 3666-233
Fax: 0421/ 3666-290
E-mail: sarah.trede@eventim.de
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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299603 26.11.2014
DGAP-News: CTS Eventim AG & Co. KGaA: Nine-month Report 2014 (1.1. - 30.09.2014)
| Source: EQS Group AG