DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Quarter Results
CTS Eventim AG & Co. KGaA: 3-Month Report 2015
27.05.2015 / 11:01
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Press release
3-Month report 2015 (1 January â 31 March 2015)
CTS EVENTIM begins 2015 financial year with earnings growth
Group revenue increases to EUR 151.7 million / EBITDA grows by 12.7% to EUR
36.8 million / Ticketing segment improves by 9.5% in revenue and by 8.9% in
EBITDA / Internet ticket volume grows to 7.8 million / Live Entertainment
segment improves in EBITDA by 30.2% / Positive revenue and earnings
guidance for the full year
Munich, 27 May 2015. CTS EVENTIM AG & Co. KGaA (ISIN DE0005470306), listed
in the MDAX, started successfully into the new financial year. Revenue of
the CTS Group grew to EUR 151.7 million (Q1/2014: EUR 150.4 million, up
0.9%). Normalised EBITDA increased by 11.7% to EUR 36.8 million (Q1/2014:
EUR 32.9 million). EBITDA was up by 12.7% to EUR 36.8 million (Q1/2014: EUR
32.6 million).
The Ticketing segment remains the growth engine of the CTS Group and
recorded a significant 9.5% increase in revenue (before consolidation
between segments) to EUR 76.0 million (Q1/2014: EUR 69.4 million).
Normalised EBITDA grew by 7.7% to EUR 29.2 million (Q1/2014: EUR 27.1
million) and EBITDA was up by 8.9% to EUR 29.2 million (Q1/2014: EUR 26.8
million). Higher internet ticket volume growth in Germany and abroad
contributed to an organic and acquisition-based improvement in earnings.
The total volume of tickets sold online increased by 1.9 million to 7.8
million tickets, with acquisitions made in the previous year accounting for
1.2 million tickets in all. The counteracting effect was a lack of earnings
from the settled Sochi project in 2014 and the lack of income from the
purchase price allocation of acquisitions incurred in the same period.
In the Live Entertainment segment, revenue fell by 7.1% to EUR 77.3 million
in the first quarter of 2015. The year-on-year decline is due to the
relatively large concentration of high-revenue events in the first quarter
of 2014. EBITDA in the Live Entertainment segment improved by 30.2% to EUR
7.6 million due to lower production costs.
In 2015, the focus of the CTS Group is on the expansion of the profitable
e-commerce business and the introduction of new, innovative products and
services. Continued international expansion through organic growth and
acquisitions is also a top priority. In view of this, the corporate
management anticipates further growth in revenue and earnings in the
current financial year.
The figures for Q1/2014 have been adjusted retrospectively due to the final
purchase price allocation for the ticketing companies acquired at the
beginning of March 2014 in accordance with IFRS 3.
The 3-Month report for the financial year 2015 is available at
www.eventim.de simultaneously to the publication of this press release.
For further information, contact:
Marco Haeckermann, Director Corporate Development & Strategy, CTS EVENTIM
AG & Co. KGaA,
+ 49 421 3666 270
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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: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News-Service
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362109 27.05.2015
DGAP-News: CTS Eventim AG & Co. KGaA: 3-Month Report 2015
| Source: EQS Group AG