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Munich, 25 February 2014. CTS EVENTIM AG, listed in the SDAX index (ISIN DE0005470306), boosted revenue and earnings to record level in the 2013 financial year and continued to reinforce its leadership in the European ticketing and live events markets. Despite phases of economic weakness in some individual European countries, the business model of the CTS Group proved to be very robust. The two segments, Ticketing and Live Entertainment, achieved significant growth in both revenue and earnings. The Management Board will announce its dividend proposal for the past financial year when the Annual Report is published at the end of March 2014.
According to preliminary figures, the CTS Group showed excellent business performance in the financial year 2013. Revenue rose 20.8% to EUR 628.3 million (2012: EUR 520.3 million), while normalised EBITDA improved by 13.7% to EUR 136.3 million (2012: EUR 119.9 million). Normalised EBIT, before amortisation from purchase price allocation, was up 15.4% year-on-year at EUR 123.7 million (2012: EUR 107.1 million). EBITDA rose 11.0% to EUR 133.9 million (2012: EUR 120.6 million), while EBIT improved by 13.4% to EUR 110.9 million (2012: EUR 97.8 million).
In the period under review, the Ticketing segment generated EUR 269.7 million in revenue before consolidation between segments, up 16.5% from EUR 231.5 million in 2012. The Ticketing segment achieved a significant year-on-year increase in revenue and earnings due to many attractive events and the traditionally strong fourth quarter. In the financial year 2013, the CTS Group sold 23.8 million tickets via the Internet – which equates to around 16% growth over the prior year (20.6 million tickets). Normalised EBITDA was up 12.4% at EUR 104.3 million (2012: EUR 92.8 million), while normalised EBIT before amortisation from purchase price allocation was up 14.3% at EUR 93.9 million (2012: EUR 82.1 million). EBITDA was 9.0% higher at EUR 101.9 million (2012: EUR 93.5 million), while EBIT increased by 12.1% to EUR 81.6 million (2012: EUR 72.8 million).
The Live Entertainment segment reported strong revenue growth of 23.4% to EUR 365.8 million in the year under review, compared to EUR 296.4 million in 2012. EBITDA was 16.2% higher at EUR 32.0 million (2012: EUR 27.5 million), while EBIT increased by 15.3% to EUR 29.3 million (2012: EUR 25.4 million). In this segment also, the large number of attractive live events was a key factor contributing to excellent business performance on record level.
Following a strong performance in 2013 and a good start into the new financial year 2014, the Management Board expects positive business performance in 2014 as well. These expectations are further supported by the continuous expansion of Internet ticketing operations, by continuing international expansion and by the launching of new products and services by the CTS Group.
The figures for 2012 have been adjusted due to application of mandatory accounting standards (amended IAS 19).
