Munich, 12.05.2014. CTS EVENTIM AG, listed on the SDAX exchange (ISIN DE0005470306), has made an excellent start into the 2014 financial year. In the period between 1 January and 31 March 2014, the CTS Group generated total revenue of EUR 150.4 million (Q1/2013: EUR 121.1 million, up 24.2%). The normalised EBITDA improved up to EUR 32.3 million (Q1/2013: EUR 28.7 million, up 12.5%). The normalised EBITDA margin was at 21.5% below previous year´s level at 23.7%. The reason for this development is the initial recognition of revenue of acquired subsidiaries with currently lower contributions to earnings. EBITDA increased to EUR 32.0 million (Q1/2013: EUR 28.6 million, up 12.1%).
The Ticketing segment posted revenue growth of EUR 7.1 million to EUR 69.4 million before consolidation between segments (Q1/2013: EUR 62.3 million, up 11.4%). The normalised EBITDA amounts to EUR 26.5 million (Q1/2013: EUR 23.9 million, up 10.8%). The highly profitable online ticketing business made further contribution to this increase in earnings with an Internet ticketing volume of 5.9 million tickets (Q1/2013: 5.5 million, up 6.8%). EBITDA increased to EUR 26.2 million (Q1/2013: EUR 23.7 million, up 10.4%).
In the first quarter of 2014, the Live Entertainment segment grew even more than the ticketing segment and extended its market leadership in Germany and Europe. Revenue in the first quarter came in at EUR 83.2 million (Q1/2013: EUR 60.3 million; up 37.9%). EBITDA, at EUR 5.8 million, increased year-on-year (Q1/2013: EUR 4.8 million, up 20.4%).
The CTS Group will continue to focus in the 2014 business year on growing its Internet ticketing business, expanding internationally and on launching new products and services. The Management Board expects further growth in both revenue and earnings over the year as a whole.