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Munich, 27. August 2015. CTS EVENTIM AG & Co. KGaA, listed in the MDAX index (ISIN DE0005470306), reinforced its position as European market leader for Ticketing and Live Entertainment in the first half of the 2015 financial year. The CTS Group achieved significant growth in both segments.
The CTS Group reports revenue of EUR 419.7 million in the first half of 2015, a year-on-year improvement of 23.6% over the prior-year figure of EUR 339.5 million. Normalised EBITDA rose to EUR 79.2 million (HY1/2014: EUR 65.6 million, up 20.8%), and the EBITDA increased to EUR 79.1 million (HY1/2014: EUR 65.1 million, up 21.5%).
The Ticketing segment scored a substantial improvement in revenue (before consolidation between segments) reaching EUR 145.4 million (HY1/2014: EUR 129.9 million, up 12.0%). The normalised EBITDA figure rose to EUR 51.9 million (HY1/2014: EUR 46.7 million, up 11.2%), while EBITDA rose to EUR 51.7 million (HY1/2014: EUR 46.1 million, up 12.1%). A boost in Internet ticketing volume in Germany and abroad, due to organic growth as well as acquisitions, contributed to this increase in earnings. The total volume of tickets sold online increased in the first half of 2015 by 2.7 million (thereof acquisitions made last year accounting for 0.9 million tickets) to 14.9 million tickets (HY1/2014: 12.2 million, up 21.8%).
Attractive events, major tours and well-established festivals resulted in excellent performance by the Live Entertainment segment. Revenue improved by 29.8% to EUR 277.2 million (HY1/2014: EUR 213.6 million). EBITDA rose by 44.4% year-on-year to reach EUR 27.3 million (HY1/2014: EUR 18.9 million).
In 2015, the CTS Group continues to concentrate on growing its profitable E-Commerce ticketing business and will focus especially on rigorously pursuing its strategy of international expansion. The aim is to achieve continued organic growth as well as further growth through acquisitions. Developing and launching innovative new products and services will also remain a key area of business activity. On that basis, the Management Board expects further growth in both revenue and earnings in the current year.
The prior-year figures have been adjusted with retroactive effect, in accordance with IFRS 3, due to the final purchase price allocations for the ticketing companies acquired in early March 2014.
The Group interim report for the first half of 2015 will be available for download at www.eventim.de when this press release is published.
