DGAP-Adhoc: CTS Eventim AG: CTS EVENTIM achieves

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Aug 14, 2013 at 3:15 AM

DGAP-Adhoc: CTS Eventim AG: CTS EVENTIM achieves double-digit growth rates

CTS Eventim AG / Key word(s): Preliminary Results/Half Year Results 14.08.2013 09:01 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc Announcement pursuant to Section 15 WpHG (Securities Trading Act) First half-year results for the 2013 financial year (1.1. - 30.06.2013) CTS EVENTIM achieves double-digit growth rates Superb performance in the first half-year / Group revenue increases by 21.6% to EUR 312.3 million / Normalised EBITDA grows 24.2% to EUR 63.4 million / Ticketing segment revenue improves 19.8% to EUR 115.7 million / Internet sales rise 18% / Live Entertainment segment boosts revenue by 22.9% to EUR 199.8 million Munich, 14.08.2013. CTS EVENTIM AG, listed on the SDAX exchange (ISIN DE0005470306), is continuing to systematically reinforce its leadership in Germany and neighbouring European countries in 2013. With operations in more than 20 countries, CTS EVENTIM has been the European market leader for many years already. More than 100 million tickets for around 180,000 events are sold annually using the systems developed and marketed by the EVENTIM Group. In the first half of fiscal 2013, the Group achieved significant, double-digit growth rates in both of its segments, as well as substantial improvements in all its key performance figures. In the period between 1 January and 30 June 2013, the CTS Group generated total revenue of EUR 312.3 million (HY1/2012: EUR 256.9 million, up 21.6%), a normalised EBITDA of EUR 63.4 million (HY1/2012: EUR 51.1 million, up 24.2%) and a normalised EBIT of EUR 57.3 million before amortisation from purchase price allocation (HY1/2012: EUR 44.9 million, up 27.6%). The EBITDA figure rose to EUR 61.2 million (HY1/2012: EUR 52.3 million, up 17.1%), the EBIT figure to EUR 49.9 million (HY1/2012: EUR 41.0 million, up 21.8%). The Ticketing segment achieved a strong 19.8% revenue growth rate (before intersegment consolidation) to reach EUR 115.7 million (HY1/2012: EUR 96.6 million). The normalised EBITDA was up 19.9% at EUR 40.1 million (HY1/2012: EUR 33.4 million), while normalised EBIT before amortisation from purchase price allocation was up 23.7% at EUR 35.0 million (HY1/2012: EUR 28.3 million). In the second quarter of 2013, as in the year before, the operating result was temporarily affected by various non-recurring items, relating to legal/handling expenses in connection with the arbitration proceedings against Live Nation, and by acquisitions and workforce restructuring expenses. EBITDA after adjustment for non-recurring items was 9.3% higher at EUR 37.9 million (HY1/2012: EUR 34.6 million), and EBIT increased 14.3% to EUR 27.8 million (HY1/2012: EUR 24.3 million). The highly profitable online ticketing business made a further contribution to this earnings improvement with an Internet ticketing volume of 10.3 million tickets (HY1/2012: 8.7 million, up 18%). The Live Entertainment segment performed exceptionally well in the first half of 2013. Revenue rose by 22.9% to EUR 199.8 million (HY1/2012: EUR 162.5 million). The EBITDA figure was significantly higher year-on-year, with a 29.4% increase to EUR 23.3 million (HY1/2012: EUR 18.0 million), while EBIT improved 29.6% to EUR 22.0 million (HY1/2012: EUR 17.0 million). The CTS Group will continue to focus in 2013 on growing its Internet ticketing business, expanding internationally and on launching new products and services. The Management Board therefore expects further growth in both revenue and sales over the year as a whole. The figures for HY1/2012 have been adjusted due to application of mandatory accounting standards (amended IAS 19). For further information contact: Marco Haeckermann, Director Corporate Development & Strategy, CTS EVENTIM AG, + 49 421 3666 270 Volker Bischoff, CFO, CTS EVENTIM AG, +49 421 3666 250 14.08.2013 DGAP's 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 Dingolfinger Str. 6 81673 MÃ¼nchen Germany 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, DÃ¼sseldorf, Hamburg, Hannover, MÃ¼nchen, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Northern Jet Names Veteran Matthew Harris as CEO

Fresh Leadership at Northern Jet Well, if you didn’t see this coming, you’ve been snoozing on the tarmac. Northern Jet, no stranger to the skies after three decades, just roped in Matthew Harris as their new CEO from October 2, 2026. They're pulling in this hotshot with more than 25 years riding the turbulence of private aviation. And listen to this: his marching...

Bob Evans' Protein Mac & Cheese: Practical Power Play

Has anyone else noticed just how fast the world spins when it comes to consumer trends these days? Bob Evans is hopping right on the protein bandwagon with its latest launch, a microwave-ready Protein Macaroni & Cheese that packs 18 grams of protein per serving. You gotta hand it to them for seizing opportunity when they see it. This one's not just about tossing a new...

Purina Institute Highlights Nutritional Science at WSAVA 2026

A Global Stage for Pet Nutrition Science The folks over at the Purina Institute are back in the spotlight as they gear up to throw their weight behind the 51st World Small Animal Veterinary Association (WSAVA) Congress in Warsaw, Poland. Set for October 13-15, 2026, this isn’t just another event—they're bringing some serious clout with their 'Food for Thought'...

Dentistry.One Achieves HITRUST i1, Boosts Cybertrust

HITRUST i1 Certification: The Gold Standard in Security For a world increasingly reliant on digital infrastructure, cybersecurity certification is no longer just a badge of honor; it's a cornerstone of trust. Dentistry.One nailed this down by bagging that coveted HITRUST i1 certification. When folks talk about securing data, HITRUST might as well be speaking gospel. We're...

Karoo Health Leaps Forward with New CCO Breton

Change of Guard in Cardiac Health at Karoo Here's a move that might shake things up in the healthtech sector: Karoo Health just snagged Angela "Angie" Breton as their new Chief Commercial Officer. It's like putting a seasoned captain at the helm right before setting sail on uncharted waters. Breton's not just any captain—she's got a hefty 25 years of experience...

Charter Next Generation Unveils Gen 2 MDO-PE Films

Peering Into CNG's Latest Innovation Charter Next Generation (CNG) just threw down a hefty gauntlet with its launch of next-gen machine-direction-oriented polyethylene (MDO-PE) solutions. They're pushing the envelope on what recycle-ready packaging can do, folks. Let's not mince words—other players in the field better have their game faces on. This ain't just another...

Skandia's Soundproofing Kit Expands to Brazil's Skies

Soundproofing Takes Off in Brazil Skandia has just pulled off a neat trick, earning the nod from Brazil's National Civil Aviation Agency (ANAC) for their King Air soundproofing kit. That means quieter skies ahead for operators of the King Air 200 and 300 series in Brazil. This is no small feat, folks; it's like finally getting that coveted backstage pass after years of...

NYSE Texas Redefines the U.S. Capital Markets Landscape

NYSE Texas: Carving a Niche The notion of 'Y'all Street' might seem like a gimmick, but NYSE Texas is pushing a serious agenda with its newly released white paper, 'NYSE Texas and the Reshaping of U.S. Capital Markets.' This is no small feat. Texas is already housing 235 NYSE-listed companies, boasting a colossal combined worth of $4.8 trillion. With 130 of these firms...

Cala Launches Game-Changer Wearable for Tremor Relief

Breaking New Ground in Neuromodulation Medical tech's on a roll, and Cala Health just hopped on the fast track with their latest launch—the Cala kIQ Plus System. This bad boy is aiming to offer relief for those grappling with hand tremors, thanks to its FDA clearance and a host of new features. It's the first of its kind, combining multiple therapy modes with an...

Navigating Holiday Sweets: Healthy Balancing Acts

In the middle of the sweet madness that is the holiday season, Crispy Green and Dr. Nicole Avena are playing guide to families drowning in sugar. This isn't just a once-a-year Halloween headache; we're starting that sugar spiral early and letting it ride until the New Year approaches. It's an all-hands-on-deck situation if families want to dodge that sugar overload. Why...