DGAP-Adhoc: CTS EVENTIM performs outstandingly again in Q3

 | Quelle: EQS Group AG EQS Group AG 

CTS Eventim AG  / Key word(s): Preliminary Results/Quarter Results

12.11.2013 09:31

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc Announcement pursuant to Section 15 WpHG (Securities Trading Act)

Nine-month Report 2013 (1.1. - 30.9.2013)

CTS EVENTIM performs outstandingly again in Q3

Group revenue grows 22.5% to EUR 444.1 million / Normalised EBITDA up 21.2%
to EUR 86.0 million / Ticketing segment revenue improves 20.4% to EUR 168.6
million / Live Entertainment segment boosts revenue by 23.9% to EUR 280.5
million

Munich, 12.11.2013. Live Entertainment, be it concerts, tours or other
events, is experiencing a boom in Germany and in Europe generally. CTS
EVENTIM, the European market leader for live events, is the partner of
choice for international stars with names like Depeche Mode, Bruce
Springsteen and Rihanna, and for major German acts such as Sportfreunde
Stiller and Helene Fischer. More than 100 million tickets for around
180,000 events are sold annually using the systems developed and marketed
by the EVENTIM Group. CTS EVENTIM AG (ISIN DE0005470306), listed on the
SDAX exchange, was very successful again with its Ticketing and Live
Entertainment segments in the third quarter of the 2013 business year,
continuing the growth already achieved in the first half of the year.

In the period between 1 January and 30 September 2013, the CTS Group
generated total revenue of EUR 444.1 million (Q1-3/2012: EUR 362.7 million,
up 22.5%), a normalised EBITDA of EUR 86.0 million (Q1-3/2012: EUR 70.9
million, up 21.2%) and a normalised EBIT of EUR 76.9 million before
amortisation from purchase price allocation (Q1-3/2012: EUR 61.6 million,
up 24.7%). The EBITDA figure rose to EUR 83.7 million (Q1-3/2012: EUR 71.7
million, up 16.7%), the EBIT figure to EUR 66.8 million (Q1-3/2012: EUR
54.9 million, up 21.8%).

The Ticketing segment achieved a 20.4% revenue growth rate (before
intersegment consolidation) to reach EUR 168.6 million (Q1-3/2012: EUR
140.1 million). The normalised EBITDA was up 18.8% at EUR 56.7 million
(Q1-3/2012: EUR 47.7 million), while normalised EBIT before amortisation
from purchase price allocation was up 22.9% at EUR 49.2 million (Q1-3/2012:
EUR 40.0 million). EBITDA was 12.1% higher at EUR 54.4 million (Q1-3/2012:
EUR 48.6 million) after non-recurring items, while EBIT increased 18.8% to
EUR 39.5 million (Q1-3/2012: EUR 33.3 million). The highly profitable
online ticketing business made a further contribution to this earnings
improvement with an Internet ticketing volume of around 15 million tickets
(Q1-3/2012: 12.7 million, up 18%).

The Live Entertainment segment also performed exceptionally well. Revenue
rose to EUR 280.5 million, up 23.9% on the Q1-3/2012 figure of EUR 226.4
million. EBITDA was significantly higher year-on-year, with a 24.2%
increase to EUR 29.2 million (Q1-3/2012: EUR 23.6 million), while EBIT
improved 24% to EUR 27.3 million (Q1-3/2012: EUR 22.0 million).

Over the past few years, CTS EVENTIM AG has consistently extended and
reinforced its position as market leader in Germany and in neighbouring
European countries. The CTS Group continues to focus on growing its
Internet ticketing business, expanding internationally and on launching new
products and services. Sales in the fourth quarter are seasonally the
strongest, with a very high concentration of ticket pre-sales. For the year
as a whole, the Management Board expects significant growth in both revenue
and earnings.

The figures for Q1-3/2012 have been adjusted due to application of
mandatory accounting standards (amended IAS 19).

For further information contact:
Marco Haeckermann, Director Corp. Development & Strategy, CTS EVENTIM AG, +
49 421 3666 270
Volker Bischoff, CFO, CTS EVENTIM AG, +49 421 3666 250


12.11.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      CTS Eventim AG
              Dingolfinger Str. 6
              81673 München
              Germany
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, Düsseldorf, Hamburg, Hannover, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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