DGAP-Adhoc: CTS Eventim AG & Co. KGaA: Preliminary figures for the 2014 financial year (1.1. - 31.12.2014)

CTS Eventim AG & Co. KGaA  / Key word(s): Preliminary Results

25.02.2015 09:37

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

Preliminary figures for the 2014 financial year (1.1. - 31.12.2014)

Ticketing EBITDA up 26.0% - Unabated growth for CTS EVENTIM

Group revenue advances 9.9% to EUR 690.3 million / EBITDA up 15.5% to EUR
154.6 million / Ticketing segment increases revenue by 18.4% and EBITDA by
26.0% / Live Entertainment segment robust compared to prior year record /
Internet sales up 28.9%

Munich, 25 February 2015. CTS EVENTIM AG & Co. KGaA, listed in the SDAX
index (ISIN DE0005470306), achieved further increases in revenue and
earnings throughout the group in 2014, both in Germany and in neighbouring
European countries, as a result of organic growth and growth by
acquisition. Following a successful first-quarter start to 2014, the second
and third quarter were affected by the Football World Cup in Brazil, a
major sports event whose dominance meant fewer events being offered in
ticketing presales and fewer events being held. In the traditionally strong
fourth quarter, operating figures were significantly boosted by numerous
presale launches for major forthcoming events. The management will present
its dividend proposal for the past financial year when the Annual Report is
published on 31 March 2015.

The preliminary figures of the CTS Group show excellent progress in
business performance in the 2014 financial year. Revenue improved by 9.9%
to reach EUR 690.3 million (2013: EUR 628.3 million), while normalised
EBITDA rose by 14.4% to EUR 155.8 million (2013: EUR 136.3 million).
Normalised EBIT, before amortisation from purchase price allocation, was up
12.0% year-on-year at EUR 138.6 million (2013: EUR 123.7 million). The
EBITDA figure rose to EUR 154.6 million (2013: EUR 133.9 million, up
15.5%), and the EBIT figure to EUR 126.2 million (2013: EUR 110.9 million,
up 13.8%).

The revenue generated by the Ticketing segment in the 2014 financial year,
before consolidation between segments, was significantly higher at EUR
319.2 million, up 18.4% from EUR 269.7 million in 2013. Thanks to a large
number of attractive events and the traditionally strong fourth quarter,
revenue and earnings showed a strong year-on-year improvement. The total
volume of tickets sold online increased by 28.9% to 30.7 million (2013:
23.8 million), with acquisitions made during the year accounting for 3.4
million tickets in all. 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. The normalised EBITDA was up 24.3% at EUR
129.6 million (2013: EUR 104.3 million), while normalised EBIT before
amortisation from purchase price allocation was up 21.9% at EUR 114.4
million (2013: EUR 93.9 million). The EBITDA figure is EUR 128.4 million
(2013: EUR 101.9 million, up 26.0%), the EBIT figure EUR 102.6 million
(2013: EUR 81.6 million, up 25.7%).

The Live Entertainment segment achieved a slight 3.6% year-on-year increase
in revenue to EUR 379.2 million (2013: EUR 365.8 million), mainly due to
additional revenue generated by the Swiss Live Entertainment companies
newly consolidated the year before. As expected, EBITDA fell 18.0% to EUR
26.2 million (2013: EUR 32.0 million), due to the absence of major events
that was also partly attributable to the Football World Cup in Brazil. The
EBIT figure is down 19.5% at EUR 23.6 million (2013: EUR 29.3 million).

The management expects business to progress well in 2015 and that the year
as a whole will be a successful one for the Group. This forecast is based
on further expansion of Internet ticketing operations, rigorous
international expansion and the launching of innovative new products and
services by the CTS Group.

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:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
              Munich, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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