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Munich, 27 March 2007. Fiscal 2006 was another year of strong revenue and earnings growth for CTS EVENTIM AG. As the leading ticket marketer for concerts, theatre and sports events, and as a provider of live entertainment, the company rigorously pursued its successful strategies to achieve the best-ever corporate results since the IPO in February 2000.
Group earnings advanced to EUR 23.5 million (2005: EUR 15.9 million, up 48.1%), while earnings per share came reached EUR 0.98 (2005: EUR 0.66). As already announced on 16 February 2007, Group revenue as at 31 December 2006 was 33.9% higher at EUR 342.9 million (2005: EUR 256.2 million). EBIT rose by 39.5% year-on-year to EUR 45.7 million (2005: EUR 32.7 million), signifying an EBIT margin of 13.3% (2005: 12.8%). EBITDA increased by 38.9% to EUR 52.0 million (2005: EUR 37.5 million). This equates to an EBITDA margin of 15.2%, compared to 14.6% the year before. Cash flow strengthened from EUR 27.7 million in 2005 to EUR 35.4 million (+27.7%).
Dividend: distribution of EUR 11.8 million planned
CTS EVENTIM AG, the standalone SDAX-listed company (ISIN DE0005470306), can disclose fiscal 2006 balance sheet profits of EUR 31.9 million, of which EUR 24.0 million are carried forward from 2006 net income. At the Annual Shareholders’ Meeting, the Management and Supervisory Boards will propose a dividend of EUR 0.49 per share. With 24 million shares outstanding, this equates to total distribution of EUR 11.8 million. The EUR 20.1 million balance sheet profit left after distribution will be used to support the continued internationalisation planned for the CTS EVENTIM Group.
