23.03.2017
CTS Eventim AG & Co. KGaA DE0005470306
DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM plans record dividend
DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Final Results/Dividend
CTS Eventim AG & Co. KGaA: CTS EVENTIM plans record dividend
23.03.2017 / 10:50
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
2016 Financial Year (1.1. - 31.12.2016)
CTS EVENTIM plans record dividend
Distribution of EUR 94.1 million to shareholders planned (prior year: EUR
44.2 million) / Record dividend of EUR 0.98 per share includes a basic
dividend of EUR 0.50 and a special dividend of EUR 0.48 / Group earnings
grow by 6.2% to EUR 94.6 million / Earnings per share at EUR 0.99
Munich, 23 March 2017. At the Shareholders' Meeting to be held on 9 May
2017, the corporate management and Supervisory Board of CTS EVENTIM AG & Co.
KGaA, which is listed in the MDAX index (ISIN DE0005470306), will propose
that a dividend of EUR 0.98 be paid per eligible share (prior year: EUR 0.46
per share). Distribution to shareholders will therefore total to around EUR
94.1 million (prior year: EUR 44.2 million). The proposed dividend includes
a basic dividend of EUR 0.50 per share (50% of Group consolidated net
income) and special dividend amounting to a further EUR 0.48 per share. This
special dividend not only reflects the very successful financial year 2016,
but also the sustainable positive development of the CTS Group. 2017 marks
the twelfth year in succession that CTS EVENTIM AG & Co. KGaA will pay a
dividend. The intention is also to maintain the policy of distributing 50%
of the Group consolidated net income as a basic dividend. In the past 2016
financial year, the CTS Group generated EUR 94.6 million in Group
consolidated net income (prior year: EUR 89.0 million) and earnings per
share of EUR 0.99 (prior year: EUR 0.93).
The 2016 financial year: E-Commerce as growth driver
As the preliminary figures published on 16 February 2017 have already shown,
the CTS Group maintained its unabated growth in 2016 also. Strong growth in
the Ticketing segment resulted in a significant 7.4% increase in normalised
Group EBITDA to EUR 194.5 million (prior year: EUR 181.0 million), despite
the anticipated fall in revenue and earnings in the Live Entertainment
segment compared to the record achieved in 2015. Online ticketing was the
growth driver for the CTS Group; 15.0% organic growth in tickets sold in
E-Commerce took the volume to around 40.8 million tickets. Owing to
expansion in South America and Scandinavia, the total volume of tickets sold
online rose 23.1% to 43.7 million tickets.
Outlook for 2017: Continued expansion
The current financial year will see the CTS Group continuing to rigorously
pursue its international growth strategy. Efforts will be focused on further
and continuous development of the proprietary
E-Commerce platform by ensuring wide-ranging content, maximum coverage and
an expanding portfolio of services. The market for international ticketing
and live events will also be monitored on an ongoing basis for strategic
opportunities for partnerships and acquisitions. Based on that strategy, the
management expects further growth in the 2017 financial year.
The full Annual Report is available on the Internet at www.eventim.de, in an
online version and in download form.
For further information contact:
Marco Haeckermann, Vice President Corporate Development & Strategy,
CTS EVENTIM AG & Co. KGaA, + 49 421 3666 270
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23.03.2017 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.
Archive at www.dgap.de
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Language: English
Company: CTS Eventim AG & Co. KGaA
Rablstr. 26
81669 München
Germany
Phone: 0421/ 3666-233
Fax: 0421/ 3666-290
E-mail: [email protected]
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, Tradegate Exchange
End of News DGAP News Service
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