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MarketScreener Homepage  >  Equities  >  Xetra  >  CTS Eventim AG & Co. KGaA    EVD   DE0005470306

CTS EVENTIM AG & CO. KGAA

(EVD)
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CTS Eventim : Change in the proposal for the appropriation of profits to the Annual General Meeting

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05/28/2020 | 08:41am EDT

Ad-hoc-announcement

Change in the proposal for the appropriation of profits to the Annual General Meeting

Public disclosure of inside information according to article 17 directive (EU) No. 596/2014 (Market Abuse Directive)

Munich, 6 May 2020. The Management Board of CTS EVENTIM AG & Co. KGaA today approved an amended proposal for the appropriation of profits to the Annual General Meeting.

In view of the high economic uncertainty due to the COVID-19 pandemic, which will continue to prevail for the time being, it will be proposed to the Annual General Meeting to suspend the dividend for the year 2019 and to carry forward the net profit for the financial year 2019 to new account. This should proactively further strengthen the Company's liquidity position and improve the Company's financial flexibility.

In accordance with the new rules of the German Stock Corporation Act recently created in the wake of the COVID-19 crisis, the Annual General Meeting 2020 is to be held as an online Annual General Meeting without physical participation of shareholders on 19 June 2020.

About CTS EVENTIM

CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. In 2019, around 250 million tickets were marketed using the company's systems - be it through stationary box offices, online or from mobile terminals. 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', 'Southside' and 'Lucca Summer'. In addition, some of Europe's most renowned venues are operated by CTS EVENTIM, for example the LANXESS Arena in Cologne, the K.B. Hallen in Copenhagen, 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 2019, its 3,202-strong workforce generated more than 1.4 billion Euro in sales revenue in 21 countries.

For further information, please contact:

Corporate Communications:

Thomas Kollner

Tel.: +49.40.380788.7299 thomas.kollner@eventim.de

Investor Relations: Marco Haeckermann

Vice President Corporate Development & Strategy Tel.: +49.421.3666.270 marco.haeckermann@eventim.de

Disclaimer

CTS Eventim AG & Co. KGaA published this content on 06 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2020 12:40:03 UTC

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Financials
Sales 2020 472 M 557 M 557 M
Net income 2020 -28,1 M -33,1 M -33,1 M
Net cash 2020 470 M 554 M 554 M
P/E ratio 2020 -115x
Yield 2020 0,13%
Capitalization 3 197 M 3 786 M 3 766 M
EV / Sales 2020 5,77x
EV / Sales 2021 3,22x
Nbr of Employees 3 206
Free-Float 61,2%
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Mean consensus HOLD
Number of Analysts 6
Average target price 37,83 €
Last Close Price 33,30 €
Spread / Highest target 35,1%
Spread / Average Target 13,6%
Spread / Lowest Target -9,91%
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Managers
NameTitle
Klaus-Peter Schulenberg Chief Executive Officer
Bernd Kundrun Chairman-Supervisory Board
Christian Alexander Ruoff Chief Operating Officer
Andreas Grandinger Chief Financial Officer
Jobst W. Plog Vice Chairman-Supervisory Board
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