DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): 9-month figures
CTS Eventim AG & Co. KGaA: CTS EVENTIM gains substantial boost in
revenue and earnings
25.11.2015 / 11:24
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Press Release
Nine-month Report 2015 (1.1. - 30.09.2015)
CTS EVENTIM gains substantial boost in revenue and earnings
Group revenue increases by 23.1% to EUR 577.5 million / EBITDA rises by
18.9% to EUR 106.9 million / Ticketing segment improves revenue by 11.8%
and EBITDA by 12.5% / Internet ticketing volume rises by 19.4% to 22.2
million tickets sold / Live Entertainment segment reports 29.7% increase in
revenue and 37.5% boost in EBITDA / Positive revenue and earnings forecast
for the year as a whole
Munich, 25 November 2015. CTS EVENTIM AG & Co. KGaA, listed in the MDAX
index (ISIN DE0005470306), achieved continued growth in the first nine
months of the 2015 financial year. Its leadership in the European ticketing
and live events markets was further extended, with significant growth in
both of its segments, Ticketing and Live Entertainment.
CTS Group revenue grew substantially 23.1% to EUR 577.5 million (Q1-3/2014:
EUR 469.3 million). The normalised EBITDA figure improved by 17.8% to reach
EUR 107.2 million (Q1-3/2014: EUR 91.0 million), with EBITDA advancing by
18.9% to EUR 106.9 million (Q1-3/2014: EUR 89.9 million).
The Ticketing segment achieved a revenue growth rate of 11.8% (before
intersegment consolidation) to reach EUR 215.3 million (Q1-3/2014: EUR
192.6 million). Normalised EBITDA rose to EUR 75.6 million (Q1-3/2014: EUR
68.0 million, up 11.1%), and the EBITDA figure to EUR 75.3 million
(Q1-3/2014: EUR 67.0 million, up 12.5%). The total volume of tickets sold
online in Germany and abroad increased to 22.2 million due to organic and
acquisitive growth (Q1-3/2014: EUR 18.6 million, up 19.4%). These growth
rates highlight once again the leading position held by the CTS Group in
the field of online ticketing for live events of many different kinds.
In the Live Entertainment segment, attractive events, major tours and
well-established festivals resulted in revenue growing strongly by 29.7% to
reach EUR 366.4 million (Q1-3/2014: EUR 282.4 million). EBITDA rose by
37.5% year-on-year to EUR 31.6 million (Q1-3/2014: EUR 23.0 million).
In the further course of business, the CTS Group will focus on rigorous
expansion of E-Commerce ticketing operations, continuation of its strategy
for international expansion, and on the development of innovative products
and services. On that basis, the corporate management expects further
growth in both revenue and earnings in the current financial year.
The prior-year figures have been adjusted with retroactive effect, in
accordance with IFRS 3, due to the final purchase price allocations for the
ticketing companies acquired in early March 2014 and the takeover of
Listicket, the italian ticketing business, in July 2014.
The interim report for the first nine months of 2015 will be available for
download at www.eventim.de when this press release is published.
For further information contact:
Marco Haeckermann, Director Corp. Development & Strategy, CTS EVENTIM AG &
Co. KGaA,+ 49 421 3666 270
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25.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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: tatjana.wilhelm@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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416129 25.11.2015
DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM gains substantial boost in revenue and earnings
| Source: EQS Group AG