DGAP-News

CTS Eventim AG & Co. KGaA: CTS EVENTIM reports substantial boost in revenue and earnings in Q1/2017 - Seite 2

The Live Entertainment segment reported dynamic growth ahead of expectations in the first quarter. Revenue climbed 46.2 percent to reach EUR 116.3 million (Q1/2016: EUR 79.6 million). In addition to positive growth in operations, this revenue growth was also attributable in large measure to the greater number of companies included in consolidation. The EBITDA figure rose 53.0 percent to EUR 9.2 million (Q1/2016: EUR 6.0 million).

Klaus-Peter Schulenberg added: "Given how business has progressed so far in 2017, we are confident that we will achieve our targets for the year. Compared to fiscal 2016, we expect higher revenues and operating earnings. We also intend to continue implementing our growth strategy successfully. This includes not only organic initiatives, such as boosting our eCommerce business, but also examining prospects for further acquisitions."

The quarterly report on business performance in the first three months of 2017 will be available for download at www.eventim.de when this press release is published.

About CTS EVENTIM

CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. More than 150 million tickets for over 200,000 events are marketed annually using the company's systems - be it through stationary box offices, online or from mobile devices. Its online portals operate under brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it and entradas.com. The EVENTIM Group also includes many concert, tour and festival promoter companies for events like "Rock am Ring", "Rock im Park", "Hurricane" and "Southside". Some of Europe's most renowned venues are operated by CTS EVENTIM, for example the LANXESS arena in Cologne, the Waldbühne in Berlin and the EVENTIM Apollo in London. CTS EVENTIM AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is currently a member of the MDAX segment. In 2016, its 2,384-strong workforce generated a total of 830 million Euro in revenues in 25 countries.