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Delayed Xetra  -  11:35 2022-09-30 am EDT
42.52 EUR   +4.11%
09/27CTS EVENTIM : Receives a Buy rating from Jefferies
08/31CTS EVENTIM : Jefferies maintains a Buy rating
08/26Kassir.ru agreed to acquire CTS Eventim RU LLC from CTS Eventim AG & Co. KGaA.
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

CTS EVENTIM AG : CTS EVENTIM increases revenue and earnings

11/15/2012 | 04:33am EDT

Ad hoc Announcement pursuant to Section 15 WpHG (Securities Trading Act)

Nine-month Report 2012 (1.1. - 30.09.2012) CTS EVENTIM increases revenue and earnings Group revenue rises 4.8% to EUR 362.7 million / EBITDA grows 28.0% to EUR 71.3 million / EBIT improved by 39.5% to EUR 54.4 million / Live Entertainment segment benefits from very successful festivals/tours / Ticketing segment boosts EBITDA by 18.6% despite fewer events during the European Football Championships and the Olympic Games / Positive revenue and earnings outlook for 2012 as a whole

Munich, 15.11.2012. CTS EVENTIM AG, listed on the SDAX exchange (ISIN DE0005470306), achieved further growth in Group revenue and earnings during the first nine months of the 2012 financial year, thus continuing the positive trend established in recent quarters. The Group also succeeded in further consolidating its leading position in the European ticketing market and live events industry.
In the first nine months of the current financial year, the CTS Group generated EUR 362.7 million in Group revenue (Q1-3/2011: EUR 345.9 million, up 4.8%), an EBITDA of EUR 71.3 million (Q1-3/2011: EUR 55.7 million, up 28.0%) and an EBIT of EUR 54.4 million (Q1-3/2011: EUR 39.0 million, up
39.5%). Normalised EBITDA, at EUR 70.4 million, was up 11.2% (Q1-3/2011: EUR 63.3 million).
Normalised EBIT, before amortisation from purchase price allocation (Ticketcorner Group and See Tickets Germany / Ticket Online Group), was up 12.1% year-on-year at EUR 61.2 million (Q1-3/2011: EUR 54.5 million).
The Ticketing segment registered a 7.3% drop in revenue in the first nine months of 2012 (before consolidation between the segments), to EUR 140.1 million (Q1-3/2011: EUR 151.1 million). This decrease in revenue is mainly attributable to two factors: the comparatively high figure in HY1/2011 due to ticket sales for the FIFA 2011 Women's World Cup in Germany, and the major international sports events in summer 2012 (European Football Championships and the Olympic Games), whose dominance meant fewer events in presales. Earnings growth in the Ticketing segment is nevertheless very encouraging; EBITDA rose 18.6% to EUR 48.6 million (Q1-3/2011: EUR 41.0 million), while EBIT increased 29.3% to EUR 33.3 million (Q1-3/2011: EUR 25.8 million). Normalised EBITDA was 1.8% lower at EUR 47.8 million (Q1-3/2011: EUR 48.7 million), while normalised EBIT before amortisation from purchase price allocation was down 3.0% at EUR 40.1 million (Q1-3/2011: EUR 41.3 million). The highly profitable online ticketing business contributed yet again to this improvement in earnings by selling a total of 12.7 million tickets (Q1-3/2011: 12.6 million). After adjusting for Internet ticketing sales for the FIFA Women's World Cup in HY1/2011, a year-on-year improvement of around 4% was achieved.
In the first nine months of 2012, the Live Entertainment segment achieved a substantial 13.8% year- on-year increase in revenue to EUR 226.4 million, compared to EUR 198.9 million in Q1-3/2011. The EBITDA figure improved radically by 57.0% to reach EUR 23.0 million (Q1-3/2011: EUR 14.7 million), with EBIT advancing 62.3% to EUR 21.5 million (Q1-3/2011: EUR 13.2 million). Earnings were boosted by profitable live events, especially established festivals like 'Rock am Ring' and 'Rock im Park', while tours by Bryan Adams, Coldplay, Nickelback and Shadowland met with huge demand from fans.
The Management Board expects revenue and earnings for the 2012 financial year to show yet another improvement over the previous year. The relatively small number of events in presales over recent quarters, mainly due to international sports events, is offset by a very high concentration of presales in the fourth quarter of the year. A strong line-up featuring acts like Pink, Depeche Mode, Roger Waters, Linkin Park, KISS, Joe Cocker, Rihanna and Eric Clapton, combined with the successful launch of Eventim FanTickets, is underpinning the Management Board's expectations for the 2012 financial year.

The full interim report will be available on the Internet alwww.eventim.de in both German and English, in an online version and in download form, as !rom 28 November 2012.

Far further information contaci:

Marco Haeckermann, Director lnvestor Relations, CTS EVENTI M AG, + 49 421 3666 270

Volker Bischoff, CFO, CTS EVENTI M AG, +49 (0)421 3666 233

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© Publicnow 2012
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Sales 2022 1 374 M 1 347 M 1 347 M
Net income 2022 130 M 127 M 127 M
Net cash 2022 675 M 662 M 662 M
P/E ratio 2022 31,4x
Yield 2022 1,54%
Capitalization 4 082 M 4 002 M 4 002 M
EV / Sales 2022 2,48x
EV / Sales 2023 1,99x
Nbr of Employees 3 190
Free-Float 61,2%
Duration : Period :
CTS Eventim AG & Co. KGaA Technical Analysis Chart | MarketScreener
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Technical analysis trends CTS EVENTIM AG & CO. KGAA
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 42,52 €
Average target price 63,86 €
Spread / Average Target 50,2%
EPS Revisions
Managers and Directors
Klaus-Peter Schulenberg CEO, Director-Corporate Strategy & Marketing
Andreas Grandinger Chief Financial Officer
Bernd Kundrun Chairman-Supervisory Board
Christian Alexander Ruoff Chief Operating Officer
Cornelius Baur Deputy Chairman-Supervisory Board
Sector and Competitors