DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM started successfully in the 2016 financial year


DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Quarter Results
CTS Eventim AG & Co. KGaA: CTS EVENTIM started successfully in the 2016
financial year

26.05.2016 / 13:03
The issuer is solely responsible for the content of this announcement.

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Press Release

3-Month Report 2016 (1.1. - 31.03.2016)

CTS EVENTIM started successfully in the 2016 financial year

Group revenue increases by 7.6% to EUR 163.2 million / Normalised EBITDA
grows by 5.5% to EUR 38.8 million / Ticketing segment improves revenue by
11.6% and normalised EBITDA by 12.4% / Internet ticket sales up 20.2% to
9.4 million

Munich, 26 May 2016. CTS EVENTIM AG & Co. KGaA, listed in the MDAX index
(ISIN DE0005470306), has made a successful start to the current financial
year. The revenue of the CTS Group rose to EUR 163.2 million and thus by
7.6% (Q1/2015: EUR 151.7 million). The normalised EBITDA figure increased
by 5.5% to EUR 38.8 million (Q1/2015: EUR 36.8 million), and EBITDA by 4.8%
to EUR 38.5 million (Q1/2015: EUR 36.8 million). These earnings confirm the
sustained and successful international growth strategy of the CTS Group.

The Ticketing segment reports a significant revenue growth of 11.6% (before
intersegment consolidation) to EUR 84.8 million (Q1/2015: EUR 76.0 million)
and thus remains a strong driver for the CTS Group. The normalised EBITDA
figure improved by 12.4% to reach EUR 32.8 million (Q1/2015: EUR 29.2
million), with EBITDA growing by 11.5% to EUR 32.5 million (Q1/2015: EUR
29.2 million). The boost in Internet ticketing volume in Germany and abroad
was a very significant factor behind this earnings boost. The total volume
of tickets sold online rose by 20.2% to 9.4 Mio. (Q1/2015: 7.8 million)
admission tickets in total.

In the Live Entertainment segment, revenue rose in the first quarter of
2016 by 3.0% to EUR 79.6 million, despite the lack of major events. This
year-on-year increase was mainly achieved with a greater number of
musicals, shows and exhibitions during the reporting period. EBITDA
declined by 21.2% to EUR 6.0 million, as could be expected due to the lack
of earnings contributions from major events, the record performance in the
prior year could not be reached.

The CTS Group will maintain in the future its successful strategy for
international expansion through a combination of organic growth and
acquisitions. There is also a continued focus on expanding the profitable
E-Commerce ticketing operations and on developing innovative products and
services. Even if expectations for the business performance in the Live
Entertainment segment are only moderate, a slight improvement in the Group
earnings is nevertheless expected for 2016 as a whole, due to the positive
growth in the Ticketing segment.

The interim report for the first three months of 2016 will be available for
download at www.eventim.de when this press release is published.

For further information contact:
Marco Haeckermann, Director Corporate Development & Strategy, CTS EVENTIM
AG & Co. KGaA, + 49 421 3666 270


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26.05.2016 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; Terminbörse EUREX                        
 
 
   End of News    DGAP News Service  
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466857 26.05.2016