CTS Eventim AG / Preliminary Results
10.11.2009
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc Announcement pursuant to Section 15 WpHG (Securities Trading Act)
Preliminary figures for the first nine months of 2009 (1.1. - 30.9.2009)
CTS EVENTIM: Continuous growth despite global economic crisis
Group revenue increases 12.9% to EUR 329.5 million / EBIT swells by around
43% to EUR 44.1 million / Consolidated net income reach new record of EUR
23.6 million / Ticketing revenue and Live Entertainment revenue up 34.5%
and 6% / Internet ticketing volume increases by around 47% to 8.2 million /
Eventim online portals log 200 million visitors
Munich, 10.11.09. CTS EVENTIM AG, listed on the SDAX exchange (ISIN
DE0005470306), marked further progress during the first nine months of 2009
despite the international financial and economic crisis, and continues to
show steady grow in both its segments, Ticketing and Live Entertainment.
In the period from 1 January to 30 September 2009, the CTS Group generated
EUR 329.5 million in revenue (Q1-3/2008: EUR 292.0 million, up 12.9%), an
EBIT of EUR 44.1 million (Q1-3/2008: EUR 30.8 million, up 42.9%) and an
EBITDA of EUR 50.5 million (Q1-3/2008: EUR 36.3 million, up 39.3%).
Consolidated net income rose 44.2% to EUR 23.6 million (Q1-3/2008: EUR 16.4
million). Earnings per share increased to EUR 0.99, compared to EUR 0.68 in
Q1-3/2008. The cash flow for the reporting period was EUR 37.7 million
(Q1-3/2008: EUR 28.3 million, up 33.6%).
In the Ticketing segment, high-margin Internet ticket sales resulted once
again in substantially higher revenue and earnings figures. The CTS Group
sold around 8.2 million tickets via the Internet - a year-on-year increase
of around 47% (Q1-3/2008: 5.6 million). More than 200 million visitors were
logged by the online portals operated by Eventim (Q1-3/2008: 139 million).
With revenue at EUR 95.7 million before consolidation of segments
(Q1-3/2008: EUR 71.1 million, up 34.5%), an EBIT of EUR 25.9 million was
generated. This figure is 55.2% higher than the EUR 16.7 million achieved
in Q1-3/2008. EBITDA, at EUR 30.7 million, was up 48.3% year-on-year
(Q1-3/2008: EUR 20.7 million).
The Live Entertainment segment showed similarly strong improvement in the
first nine months of 2009. The segment generated EUR 236.4 million in
revenue (Q1-3/2008: EUR 223.1 million, up 6.0%). EBIT was 28.3% higher at
EUR 18.1 million (Q1-3/2008: EUR 14.1 million), while EBITDA increased
27.2% to EUR 19.8 million (Q1-3/2008: EUR 15.6 million).
The Group continues to focus on rigorously growing its Internet ticketing
operations and on international expansion generally. CTS plans to commence
ticketing activities in Great Britain as from 1 January 2010. For the 2009
business year as a whole (31.12), the Management Board expects the Group to
progress well and anticipates yet another year-on-year improvement in
financial performance. In 2008, CTS achieved a Group EBIT figure of EUR
50.3 million. The fourth quarter is traditionally the strongest for the
Ticketing segment.
The full interim report will be available on the Internet at www.eventim.de
in both German and English, in an online version and in download form, as
from 26 November 2009.
For further information contact:
Volker Bischoff, CFO, CTS Eventim AG, +49 (0)421-3666-233
10.11.2009 Financial News distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: CTS Eventim AG
Dingolfinger Str. 6
81673 München
Deutschland
Phone: 0421/ 3666-233
Fax: 0421/ 3666-290
E-mail: claudia.aderhold@eventim.de
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: CTS EVENTIM: Continuous growth despite global economic crisis
| Source: EQS Group AG