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Munich, February 23, 2022. CTS EVENTIM AG & Co. KGaA has today received confirmation that it is to be granted discretionary financial payments from the German federal government under the coronavirus-related 2021 subsidy programme (“Überbrückungshilfe III”). The payments to CTS EVENTIM AG & Co. KGaA of EUR 36 million will strengthen the Company’s liquidity and will be included in its earnings for 2021. The payments are subject to a final review as part of the final settlement. Notice of approval is still pending for further discretionary financial payments of EUR 10 million relating to 2021 that the Company has applied for under the coronavirus-related 2021 subsidy programme (“Überbrückungshilfe III Plus”).
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 €256.8 million in 21 countries in 2020 compared with more than €1.4 billion in the year before.
