FRANKFURT (dpa-AFX) - The shares of CTS Eventim rose higher than ever before on Thursday following quarterly figures. With a plus of around ten percent to 88.75 euros, they increased their annual profit to almost 42 percent, making them one of the strongest stocks in the MDax mid-cap index.

Analysts praised the performance of the ticket marketer and event organizer in the first three months of the year. JPMorgan said that the first quarter of the year had been strong. Analyst Lara Simpson also believes that the confirmed outlook for the year is still conservative.

Analyst Volker Bosse from Baader Bank spoke of a convincing set of figures. It underlines the fact that consumers continue to spend on leisure activities despite geopolitical uncertainties and the rising cost of living. The signals from the Executive Board for the rest of the year were encouraging, the expert added.

With the record high on Thursday, the recent price consolidation of CTS shares since April is a thing of the past. The price jump also lifted the shares well above the 21-day line, which indicates the short-term trend./ajx/edh/jha/