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CTS Eventim AG & Co. KGaA: CTS EVENTIM presents two-digit growth rates
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0 KommentareDGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Half Year Results
CTS Eventim AG & Co. KGaA: CTS EVENTIM presents two-digit growth rates
27.08.2015 / 10:19
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Press Release
First half-year results for the 2015 financial year (1.1. - 30.06.2015)
CTS EVENTIM presents two-digit growth rates
Group revenue increases by 23.6% to EUR 419.7 million / EBITDA up 21.5% at
EUR 79.1 million / Ticketing segment improves revenue by 12.0% and EBITDA
by 12.1% / Internet ticketing volume rises by 21.8% to 14.9 million tickets
sold / Live Entertainment segment reports an increase of 29.8% in revenue
and 44.4% boost in EBITDA
Munich, 27. August 2015. CTS EVENTIM AG & Co. KGaA, listed in the MDAX
index (ISIN DE0005470306), reinforced its position as European market
leader for Ticketing and Live Entertainment in the first half of the 2015
financial year. The CTS Group achieved significant growth in both segments.
The CTS Group reports revenue of EUR 419.7 million in the first half of
2015, a year-on-year improvement of 23.6% over the prior-year figure of EUR
339.5 million. Normalised EBITDA rose to EUR 79.2 million (HY1/2014: EUR
65.6 million, up 20.8%), and the EBITDA increased to EUR 79.1 million
(HY1/2014: EUR 65.1 million, up 21.5%).
The Ticketing segment scored a substantial improvement in revenue (before
consolidation between segments) reaching EUR 145.4 million (HY1/2014: EUR
129.9 million, up 12.0%). The normalised EBITDA figure rose to EUR 51.9
million (HY1/2014: EUR 46.7 million, up 11.2%), while EBITDA rose to EUR
51.7 million (HY1/2014: EUR 46.1 million, up 12.1%). A boost in Internet
ticketing volume in Germany and abroad, due to organic growth as well as
acquisitions, contributed to this increase in earnings. The total volume of
tickets sold online increased in the first half of 2015 by 2.7 million
(thereof acquisitions made last year accounting for 0.9 million tickets) to
14.9 million tickets (HY1/2014: 12.2 million, up 21.8%).
Attractive events, major tours and well-established festivals resulted in
excellent performance by the Live Entertainment segment. Revenue improved
by 29.8% to EUR 277.2 million (HY1/2014: EUR 213.6 million). EBITDA rose by
44.4% year-on-year to reach EUR 27.3 million (HY1/2014: EUR 18.9 million).
In 2015, the CTS Group continues to concentrate on growing its profitable
E-Commerce ticketing business and will focus especially on rigorously
pursuing its strategy of international expansion. The aim is to achieve
continued organic growth as well as further growth through acquisitions.
Developing and launching innovative new products and services will also
remain a key area of business activity. On that basis, the Management Board
expects further growth in both revenue and earnings in the current 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.
The Group interim report for the first half of 2015 will be available for
download at www.eventim.de when this press release is published.
For further information contact:
Marco Haeckermann, Director Corporate Development & Strategy, CTS EVENTIM
AG & Co. KGaA,
+ 49 421 3666 270
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27.08.2015 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
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Language: English
Company: CTS Eventim AG & Co. KGaA
Dingolfinger Str. 6
81673 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
End of News DGAP News-Service
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389763 27.08.2015
Press Release
First half-year results for the 2015 financial year (1.1. - 30.06.2015)
CTS EVENTIM presents two-digit growth rates
Group revenue increases by 23.6% to EUR 419.7 million / EBITDA up 21.5% at
EUR 79.1 million / Ticketing segment improves revenue by 12.0% and EBITDA
by 12.1% / Internet ticketing volume rises by 21.8% to 14.9 million tickets
sold / Live Entertainment segment reports an increase of 29.8% in revenue
and 44.4% boost in EBITDA
Munich, 27. August 2015. CTS EVENTIM AG & Co. KGaA, listed in the MDAX
index (ISIN DE0005470306), reinforced its position as European market
leader for Ticketing and Live Entertainment in the first half of the 2015
financial year. The CTS Group achieved significant growth in both segments.
The CTS Group reports revenue of EUR 419.7 million in the first half of
2015, a year-on-year improvement of 23.6% over the prior-year figure of EUR
339.5 million. Normalised EBITDA rose to EUR 79.2 million (HY1/2014: EUR
65.6 million, up 20.8%), and the EBITDA increased to EUR 79.1 million
(HY1/2014: EUR 65.1 million, up 21.5%).
The Ticketing segment scored a substantial improvement in revenue (before
consolidation between segments) reaching EUR 145.4 million (HY1/2014: EUR
129.9 million, up 12.0%). The normalised EBITDA figure rose to EUR 51.9
million (HY1/2014: EUR 46.7 million, up 11.2%), while EBITDA rose to EUR
51.7 million (HY1/2014: EUR 46.1 million, up 12.1%). A boost in Internet
ticketing volume in Germany and abroad, due to organic growth as well as
acquisitions, contributed to this increase in earnings. The total volume of
tickets sold online increased in the first half of 2015 by 2.7 million
(thereof acquisitions made last year accounting for 0.9 million tickets) to
14.9 million tickets (HY1/2014: 12.2 million, up 21.8%).
Attractive events, major tours and well-established festivals resulted in
excellent performance by the Live Entertainment segment. Revenue improved
by 29.8% to EUR 277.2 million (HY1/2014: EUR 213.6 million). EBITDA rose by
44.4% year-on-year to reach EUR 27.3 million (HY1/2014: EUR 18.9 million).
In 2015, the CTS Group continues to concentrate on growing its profitable
E-Commerce ticketing business and will focus especially on rigorously
pursuing its strategy of international expansion. The aim is to achieve
continued organic growth as well as further growth through acquisitions.
Developing and launching innovative new products and services will also
remain a key area of business activity. On that basis, the Management Board
expects further growth in both revenue and earnings in the current 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.
The Group interim report for the first half of 2015 will be available for
download at www.eventim.de when this press release is published.
For further information contact:
Marco Haeckermann, Director Corporate Development & Strategy, CTS EVENTIM
AG & Co. KGaA,
+ 49 421 3666 270
---------------------------------------------------------------------
27.08.2015 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 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
End of News DGAP News-Service
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389763 27.08.2015
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