DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM gains

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Nov 25, 2015 at 5:30 AM

DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM gains substantial boost in revenue and earnings

DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): 9-month figures CTS Eventim AG & Co. KGaA: CTS EVENTIM gains substantial boost in revenue and earnings 25.11.2015 / 11:24 --------------------------------------------------------------------- Press Release Nine-month Report 2015 (1.1. - 30.09.2015) CTS EVENTIM gains substantial boost in revenue and earnings Group revenue increases by 23.1% to EUR 577.5 million / EBITDA rises by 18.9% to EUR 106.9 million / Ticketing segment improves revenue by 11.8% and EBITDA by 12.5% / Internet ticketing volume rises by 19.4% to 22.2 million tickets sold / Live Entertainment segment reports 29.7% increase in revenue and 37.5% boost in EBITDA / Positive revenue and earnings forecast for the year as a whole Munich, 25 November 2015. CTS EVENTIM AG & Co. KGaA, listed in the MDAX index (ISIN DE0005470306), achieved continued growth in the first nine months of the 2015 financial year. Its leadership in the European ticketing and live events markets was further extended, with significant growth in both of its segments, Ticketing and Live Entertainment. CTS Group revenue grew substantially 23.1% to EUR 577.5 million (Q1-3/2014: EUR 469.3 million). The normalised EBITDA figure improved by 17.8% to reach EUR 107.2 million (Q1-3/2014: EUR 91.0 million), with EBITDA advancing by 18.9% to EUR 106.9 million (Q1-3/2014: EUR 89.9 million). The Ticketing segment achieved a revenue growth rate of 11.8% (before intersegment consolidation) to reach EUR 215.3 million (Q1-3/2014: EUR 192.6 million). Normalised EBITDA rose to EUR 75.6 million (Q1-3/2014: EUR 68.0 million, up 11.1%), and the EBITDA figure to EUR 75.3 million (Q1-3/2014: EUR 67.0 million, up 12.5%). The total volume of tickets sold online in Germany and abroad increased to 22.2 million due to organic and acquisitive growth (Q1-3/2014: EUR 18.6 million, up 19.4%). 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. In the Live Entertainment segment, attractive events, major tours and well-established festivals resulted in revenue growing strongly by 29.7% to reach EUR 366.4 million (Q1-3/2014: EUR 282.4 million). EBITDA rose by 37.5% year-on-year to EUR 31.6 million (Q1-3/2014: EUR 23.0 million). In the further course of business, the CTS Group will focus on rigorous expansion of E-Commerce ticketing operations, continuation of its strategy for international expansion, and on the development of innovative products and services. On that basis, the corporate management expects further growth in both revenue and earnings in the current financial year. The prior-year figures have been adjusted with retroactive effect, in accordance with IFRS 3, due to the final purchase price allocations for the ticketing companies acquired in early March 2014 and the takeover of Listicket, the italian ticketing business, in July 2014. The interim report for the first nine months of 2015 will be available for download at www.eventim.de when this press release is published. For further information contact: Marco Haeckermann, Director Corp. Development & Strategy, CTS EVENTIM AG & Co. KGaA,+ 49 421 3666 270 --------------------------------------------------------------------- 25.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: CTS Eventim AG & Co. KGaA Dingolfinger Str. 6 81673 MÃ¼nchen 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 End of News DGAP News Service --------------------------------------------------------------------- 416129 25.11.2015

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