25.08.2016
CTS Eventim AG & Co. KGaA DE0005470306
DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM strikes positive balance for first half-year
DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Half Year Results
CTS Eventim AG & Co. KGaA: CTS EVENTIM strikes positive balance for first
half-year
25.08.2016 / 10:17
The issuer is solely responsible for the content of this announcement.
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Press Release
Six-month Report 2016 (1.1. - 30.06.2016)
CTS EVENTIM strikes positive balance for first half-year
Group revenue slightly up by 0.5%, at EUR 421.8 million / normalised EBITDA
climbs 2.8% to EUR 81.4 million / Ticketing segment improves revenue by
10.9% and normalised EBITDA by 11.0% / Internet ticket volume up 21.7% at
18.1 million / Live Entertainment better than expected, with revenue
down only 5.5% compared to 2015 record year.
Munich, 25 August 2016. CTS EVENTIM AG & Co. KGaA, listed in the MDAX
segment (ISIN DE0005470306), has continued the growth already achieved in
the first half of 2016. The revenue of the CTS Group rose slightly to EUR
421.8 million, which equates to 0.5% growth (HY1/2015: EUR 419.7 million).
The normalised EBITDA figure increased by 2.8% to EUR 81.4 million
(HY1/2015: EUR 79.2 million), with EBITDA advancing 2.5% to EUR 81.0
million (HY1/2015: EUR 79.1 million).
The Ticketing segment achieved a significant 10.9% improvement in revenue
(before intersegment consolidation) to reach EUR 161.3 million (HY1/2015:
EUR 145.4 million), thus remaining a key growth driver for the CTS Group.
The normalised EBITDA figure rose by 11.0% to reach EUR 57.6 million
(HY1/2015: EUR 51.9 million), with EBITDA climbing 10.6% to EUR 57.2
million (HY1/2015: EUR 51.7 million). The increased volume of tickets sold
online contributed significantly to these improved earnings figures. The
total volume of admission tickets sold online was up 21.7%, at 18.1 million
(HY1/2015: 14.9 million). Start-up and structuring expenses due to
international expansion meant that earnings were temporarily impacted to
the tune of approximately EUR 2 million.
As expected, the record earnings achieved in the prior year in the Live
Entertainment segment could not be reached in HY1/2016, given the absence
of contributions from major tours. Sales in the first six months of the
current financial year were down 5.5% at EUR 261.9 million (HY1/2015: EUR
277.2 million). EBITDA fell 12.8% to EUR 23.8 million (HY1/2015: EUR 27.3
million). The Live Entertainment segment thus performed better than
expected over the first six months of this year.
The CTS Group will continue to implement its strategy of international
expansion. This involves organic growth fuelled by innovative products and
services, as well as careful analysis of potentially attractive
acquisitions. Expanding online ticketing operations remains another
prioritised field of activity. All in all, Group earnings for 2016 as a
whole are expected to show a further improvement, owing to the encouraging
growth in the Ticketing segment, and despite the anticipated decrease in
revenue and earnings in the Live Entertainment segment in comparison with
the record achieved in 2015.
The interim report for the first six months of 2016 will be available for
download at www.eventim.de when this press release is published.
For further information contact:
Marco Haeckermann, Vice President Corporate Development & Strategy,
CTS EVENTIM AG & Co. KGaA, + 49 421 3666 270
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25.08.2016 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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495809 25.08.2016
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