DGAP-Adhoc

CTS EVENTIM posts further boost in revenue and earnings

CTS Eventim AG & Co. KGaA / Key word(s): Half Year Results

27.08.2014 09:34

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc Announcement pursuant to Section 15 WpHG (Securities Trading Act)

First half-year results for the 2014 financial year (1.1. - 30.06.2014)

CTS EVENTIM posts further boost in revenue and earnings

Group revenue increases 8.7% to EUR 339.5 million / Normalised EBITDA
improves 2.6% to EUR 65.0 million / Ticketing segment revenue up 12.2% at
EUR 129.9 million / Internet sales grow by around 19%

Munich, 27.08.2014. CTS EVENTIM AG & Co. KGaA, listed on the SDAX exchange
(ISIN DE0005470306), succeeded in the first half of the 2014 financial year
in reinforcing its position as market leader in the ticketing and live
entertainment markets in Germany and neighbouring European countries, as a
result of both organic growth and growth by acquisition. After the
successful first quarter of 2014, the second quarter was negatively
impacted by a major international sporting event, the football World Cup in
Brazil. The dominance of this major international sporting event meant that
fewer events were offered for presale and that fewer events in Live
Entertainment took place .

For the first half of 2014, the CTS Group reports total revenue of EUR
339.5 million (HY1/2013: EUR 312.3 million, up 8.7%), a normalised EBITDA
of EUR 65.0 million (HY1/2013: EUR 63.4 million, up 2.6%) and a normalised
EBIT before amortisation from purchase price allocation of EUR 57.0 million
(HY1/2013: EUR 57.3 million, minus 0.5%). EBITDA improved by 5.4% to EUR
64.5 million (HY1/2013: EUR 61.2 million), and EBIT by 2.5% to EUR 51.1
million (HY1/2013: EUR 49.9 million).

The Ticketing segment posted a significant 12.2% revenue growth (before
intersegment consolidation) to reach EUR 129.9 million (HY1/2013: EUR 115.7
million). Normalised EBITDA was up 15.1% at EUR 46.1 million (HY1/2013: EUR
40.1 million), while normalised EBIT before amortisation from purchase
price allocation was up 12.0% at EUR 39.2 million (HY1/2013: EUR 35.0
million). EBITDA was 20.4% higher at EUR 45.6 million (HY1/2013: EUR 37.9
million), while EBIT increased 20.6% to EUR 33.6 million (HY1/2013: EUR
27.8 million). The Ticketing segment's highly profitable online business
impressed with an Internet ticketing volume of 12.2 million tickets
(HY1/2013: 10.3 million, up 18.9%), also contributed by the acquisitions.

The Live Entertainment segment achieved a 6.9% year-on-year increase in
revenue to EUR 213.6 million (HY1/2013: EUR 199.8 million) due to the
expansion of the number of consolidated companies. As expected, EBITDA fell
18.9% to EUR 18.9 million (HY1/2013: EUR 23.3 million), due to the absence
of major events that was partly attributable to the football World Cup. The
EBIT figure was down 20.3% at EUR 17.6 million (HY1/2013: EUR 22.0
million).

In 2014, the CTS Group continues to focus on growing its Internet ticketing
business, expanding internationally and on developing and launching new
products and services. The Management Board expects further growth in both
revenue and earnings in the current financial year.

For further information contact:
Marco Haeckermann, Director Corp. Development & Strategy, CTS EVENTIM AG &
Co. KGaA, [phone]
Volker Bischoff, CFO, EVENTIM Management AG, [phone]


27.08.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: CTS Eventim AG & Co. KGaA
Dingolfinger Str. 6
81673 München
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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