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OFFON

CTS EVENTIM AG & CO. KGAA

(EVD)
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DGAP-Adhoc : CTS Eventim AG & Co. KGaA: CTS EVENTIM and France Billet in final phase of negotiations on ticketing agreement for Olympic Games and Paralympics in Paris 2024

08/26/2021 | 01:41pm EDT

DGAP-Ad-hoc: CTS Eventim AG & Co. KGaA / Key word(s): Alliance CTS Eventim AG & Co. KGaA: CTS EVENTIM and France Billet in final phase of negotiations on ticketing agreement for Olympic Games and Paralympics in Paris 2024 26-Aug-2021 / 19:40 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Ad hoc disclosure Public disclosure of inside information in accordance with article 17, Regulation (EU) No 596/2014 (Market Abuse Regulation) CTS EVENTIM and France Billet in final phase of negotiations on ticketing agreement for Olympic Games and Paralympics in Paris 2024

Munich/Paris, 26 August 2021 - CTS EVENTIM AG & Co. KGaA and France Billet SA, a joint venture between Fnac Darty Group and CTS EVENTIM, are in the final stage of negotiations with Paris 2024 Organising Committee for the Olympic and Paralympic Games on a ticketing agreement (Lot 1 "Ticketing system provider"). This is the first allocation of a total of four lots and includes the provision of Eventim ticketing software. CTS EVENTIM and France Billet form a consortium with Orange Business Services SA. CTS EVENTIM expects from the agreement a positive revenue contribution in the double-digit million euro range.

End of ad hoc disclosure

About CTS EVENTIM CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. Before the outbreak of the coronavirus pandemic, around 250 million tickets per annum were marketed using the Company's systems, including physical box offices, online portals and 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 promoters for events like Rock am Ring, Rock im Park, Hurricane, Southside and Lucca Summer. In addition, CTS EVENTIM operates some of Europe's most renowned venues, 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. Against a backdrop of forced closures, cancellations and restrictions on events as a result of the coronavirus pandemic, the Group generated revenue totalling EUR256.8 million in 21 countries in 2020 compared with more than EUR1.4 billion in the year before.

Notifying Persons: Head of Corporate Communications: Frank Brandmaier Tel: +49 (0)40 38078 87299 frank.brandmaier@eventim.de Investor Relations: Marco Haeckermann Vice President, Corporate Development & Strategy Tel: +49 (0)421 366 6270 marco.haeckermann@eventim.de

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26-Aug-2021 CET/CEST 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/ 3666-0 
Fax:          0421/ 3666-290 
E-mail:       info@eventim.de 
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 
EQS News ID:  1229284 
 
End of Announcement  DGAP News Service 
=------------ 

1229284 26-Aug-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1229284&application_name=news

(END) Dow Jones Newswires

August 26, 2021 13:40 ET (17:40 GMT)

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Financials
Sales 2021 479 M 555 M 555 M
Net income 2021 3,96 M 4,59 M 4,59 M
Net cash 2021 335 M 389 M 389 M
P/E ratio 2021 1 620x
Yield 2021 0,08%
Capitalization 6 408 M 7 434 M 7 434 M
EV / Sales 2021 12,7x
EV / Sales 2022 5,00x
Nbr of Employees 2 216
Free-Float 61,2%
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Technical analysis trends CTS EVENTIM AG & CO. KGAA
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TrendsBullishBullishBullish
Income Statement Evolution
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Sell
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Mean consensus HOLD
Number of Analysts 6
Last Close Price 66,76 €
Average target price 61,42 €
Spread / Average Target -8,00%
EPS Revisions
Managers and Directors
Klaus-Peter Schulenberg Chief Executive Officer
Andreas Grandinger Chief Financial Officer
Bernd Kundrun Chairman-Supervisory Board
Christian Alexander Ruoff Chief Operating Officer
Jobst W. Plog Vice Chairman-Supervisory Board
Sector and Competitors