CTS Eventim AG / Preliminary Results/Quarter Results
11.05.2010 08:58
Dissemination of an Ad hoc announcement according to § 15 WpHG, 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
CTS EVENTIM maintains strong performance in Q1/2010
Revenue increases by approx. 7.5% to EUR 127.8 million / EBIT grows by
25.3% EUR to 22.7 million / Internet ticketing volume expands by 21% / 87
million visitors to the online portals / Record dividend of EUR 0.83 per
share planned for the 2009 financial year
Munich, 11.05.2010. The CTS Group maintained its strong growth rate in the
first quarter of 2010. CTS EVENTIM AG, listed in the SDAX index (ISIN DE
0005470306), is Europe's market leader in the ticketing field and the
world's third-biggest provider of live entertainment. In the months from
January to March 2010, the CTS Group won additional market shares and
achieved significant growth in all of its operating segments.
In the first quarter of 2010, the CTS Group generated EUR 127.8 million in
revenue (Q1/2009: EUR 119.0 million, up 7.5%), an EBIT of EUR 22.7 million
(Q1/2009: EUR 18.1 million, up 25.3%) and an EBITDA of EUR 25.0 million
(Q1/2009: EUR 20.2 million, up 23.8%).
In the Ticketing segment, international expansion and high-margin Internet
ticket sales were the growth drivers behind yet another boost in revenue
and earnings figures. Between 1 January and 31 March 2010, the CTS Group
sold around 3.9 million tickets via the Internet, a year-on-year increase
of 21% (Q1/2009: around 3.2 million). During the quarter, the Group's
online portals logged 87 million visitors (Q1/2009: around 78 million).
With revenue at EUR 40.3 million before consolidation of segments (Q1/2009:
EUR 35.9 million, up 12.2%), an EBIT figure of EUR 12.3 million was
generated (Q1/2009: EUR 10.6 million, up 16.1%). EBITDA, at EUR 14.1
million, was 15.6% higher than the EUR 12.2 million figure achieved in
Q1/2009.
With a large number of attractive concerts and tours, the Live
Entertainment segment generated EUR 89.1 million in revenue (Q1/2009: EUR
83.9 million, up 6.1%). The EBIT figure for the first three months was very
encouraging, rising 38.1% to EUR 10.4 million (Q1/2009: EUR 7.5 million),
while EBITDA increased 36.2% to EUR 10.9 million (Q1/2009: EUR 8.0
million). This means that the segment achieved its best-ever Q1 results
since the IPO.
During the current business year, efforts will be focused on further
growing the Internet ticketing operations and on expanding internationally
by making further acquisitions.
At the Shareholders' Meeting on 12 May 2010, the Management Board and
Supervisory Board will propose a dividend for the 2009 business year of EUR
0.83 on each of the 24 million no-par bearer shares (2008 dividend: EUR
0.61). Around EUR 19.9 million is to be distributed in total, compared to
EUR 14.6 million in 2009. This would be the highest dividend sind the IPO
in 2000 and the fifth dividend in succession to be paid by the Group.
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 27 May 2010.
For further information contact:
Volker Bischoff, CFO, CTS Eventim AG, +49 (0)421-3666-233
11.05.2010 08:58 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: CTS Eventim AG
Dingolfinger Str. 6
81673 München
Deutschland
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, München, Hannover, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: CTS Eventim maintains strong performance in Q1/2010
| Source: EQS Group AG