DGAP-Adhoc: CTS Eventim AG: Strong growth

 | Source: EQS Group AG EQS Group AG 

CTS Eventim AG / Half Year Results

18.08.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc Announcement
Preliminary figures for first half of 2009

CTS EVENTIM: Strong growth

Group revenue rises 19% to EUR 249.0 million / EBIT grows by around 45% to
EUR 35.3 million / Ticketing revenue almost 40% higher / Internet ticket
volume increases by around 55%

Munich, 18.08.2009. CTS EVENTIM AG, listed on the SDAX exchange (ISIN
DE0005470306), remained decoupled from the global economic and financial
crisis in the first half of 2009 and grows at a double-digit rate in its
two segments, Ticketing and Live Entertainment.

In the period from 1 January to 30 June 2009, the CTS Group generated EUR
249.0 million in revenue (HY1/2008: EUR 209.0 million, up 19.1%), an EBIT
of EUR 35.3 million (HY1/2008: EUR 24.4 million, up 44.7%) and an EBITDA of
EUR 39.5 million (HY1/2008: EUR 27.9 million, up 41.8%). Earnings per share
increased to EUR 0.76 for the first half-year, compared to EUR 0.53 in
HY1/2008. The cash flow for the reporting period was EUR 29.7 million
(HY1/2008: EUR 21.7 million).

In the Ticketing segment, substantially higher revenue and earnings figures
were mainly attributable, once again, to high-margin Internet ticket sales.
The CTS Group sold around 5.7 million tickets via the Internet - a
year-on-year increase of around 55% (HY1/2008: 3.7 million). More than 141
million visitors were logged by the online portals operated by Eventim
(HY1/2008: 94 million). With revenue at EUR 67.1 million before
consolidation of segments (HY1/2008: EUR 47.9 million, up 39.9%), an EBIT
of EUR 18.7 million was generated. This figure is 66.8% higher than the EUR
11.2 million achieved in HY1/2008. EBITDA, at EUR 21.9 million, was up
58.4% year-on-year (HY1/2008: EUR 13.8 million).

The Live Entertainment segment was also very successful in the first half
of 2009. The segment generated EUR 183.4 million in revenue (HY1/2008: EUR
162.6 million, up 12.8%). EBIT came in at EUR 16.6 million (HY1/2008: EUR
13.2 million, up 26.0%), while EBITDA increased to EUR 17.7 million
(HY1/2008: EUR 14.1 million, up 25.6%).

For the 2009 business year as a whole (31.12.), the Management Board
expects the Group to progress well and anticipates yet another year-on-year
improvement in financial performance. In 2008, CTS achieved a Group EBIT
figure of EUR 50.3 million. The fourth quarter is traditionally the
strongest for the Ticketing segment. The Group will continue to focus on
consistent expansion of its Internet ticketing operations and on
international expansion.

The full interim report will be available on the Internet at www.eventim.de
in both German and English, in an online version and in download form, as
from 28 August 2009.

For further information contact:
Volker Bischoff, CFO, CTS Eventim AG, +49 (0)421-3666-233
DGAP 18.08.2009 
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Language:     English
Issuer:       CTS Eventim AG
              Dingolfinger Str. 6
              81673 München
              Deutschland
Phone:        0421/ 3666-236
Fax:          0421/ 3666-290
E-mail:       anke.osthoff@eventim.de
Internet:     www.eventim.de
ISIN:         DE0005470306
WKN:          547030
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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