DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): 9-month figures PRESS RELEASE CTS EVENTIM increases revenue and EBITDA in first nine months thanks to flourishing ticketing business
Munich, 22 November 2017. CTS EVENTIM, one of the leading international providers of ticketing services and live entertainment, achieved significant growth in revenue and normalised EBITDA in the first nine months of 2017. Group revenues rose 29.4 percent year-on-year to reach EUR 745.6 million (Q1-3/2016: EUR 576.2 million). The Ticketing and Live Entertainment segments both contributed to this advance. Thanks to a strong performance in Ticketing, the normalised Group EBITDA improved 11.7 percent to EUR 120.3 million (Q1-3/2016: EUR 107.7 million). Klaus-Peter Schulenberg, CEO of CTS EVENTIM, commented that 'CTS EVENTIM's business growth in the first nine months gives us every reason to be very optimistic. Our Ticketing growth rate is in the double figures, and our online businesses are performing particularly strong. The fact that we are selling more and more tickets through digital channels has positive and long-term impacts on our margins.'
In the first nine months of 2017, the Ticketing segment achieved a 10.7 percent In the first nine months of the financial year, CTS EVENTIM sold more than 30 million tickets via the Internet for the first time ever. The total came to 31.0 million, signifying 16.9 percent year-on-year growth (Q1-3/2016: 26.5 million). A major role was played here not only by the traditional home markets, but also by the company's expansion in South America and Scandinavia.
Strong 43.3 percent growth in the Live Entertainment segment resulted in revenue of In the course of the current financial year, CTS EVENTIM has extended its product portfolio in the Live Entertainment segment, most recently by acquisitions of Vertigo and Friends & Partners, two Italian promoter companies. Klaus-Peter Schulenberg added, 'The trend in recent months has shown that we are making excellent progress in implementing our growth strategy and making CTS EVENTIM more digital and international. We expect higher revenues and stronger earnings for the year as a whole, compared to 2016.' The Group quarterly statement will be available at www.eventim.de when this press release is published. About CTS EVENTIM For further information, contact:
22.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | CTS Eventim AG & Co. KGaA |
Rablstr. 26 | |
81669 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, Tradegate Exchange |
End of News | DGAP News Service |
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