Munich, 16.05.2013. CTS EVENTIM AG, listed on the SDAX exchange (ISIN DE0005470306), has made an excellent start to the 2013 financial year. In the first quarter, high double-digit revenue growth in the Ticketing segment, with a significant 15% increase in Internet ticketing volume, and a stable level of operations in the Live Entertainment segment provide a strong basis for continued and successful growth of the Group in the current financial year.
In the period between 1 January and 31 March 2013, the CTS Group generated total revenue of EUR 121.1 million (Q1/2012: EUR 113.9 million, up 6.3%), an EBITDA of EUR 28.6 million (Q1/2012: EUR 25.7 million, up 11.1%), an EBIT before amortisation from purchase price allocation (relating to key acquisitions from 2010 onwards) of EUR 25.7 million (Q1/2012: EUR 22.7 million, up 13.4%), and an EBIT of EUR 23.0 million (Q1/2012: EUR 20.0 million, up 14.7%). There were no significant nonrecurring items to be normalised in the first quarter of 2013.
The Ticketing segment achieved a significant 17.3% increase in revenue from EUR 53.1 million to EUR 62.3 million (before intersegment consolidation). The EBITDA amounts to EUR 23.7 million (Q1/2012: EUR 20.9 million, up 13.8%), the EBIT before amortisation from purchase price allocation to EUR 21.4 million (Q1/2012: EUR 18.3 million, up 16.9%) and the EBIT figure to EUR 18.8 million (Q1/2012: EUR 15.7 million, up 19.9%). The highly profitable online ticketing business made a further contribution to this earnings improvement with an Internet ticketing volume of 5.5 million tickets (Q1/2012: 4.8 million, up 15.0%).
In the first quarter of 2013, the Live Entertainment segment successfully asserted its market leadership in Germany and Europe, almost attaining the figures achieved in Q1/2012. Revenue in the first quarter came in at EUR 60.3 million (Q1/2012: EUR 62.7 million; down 3.7%). EBITDA, at EUR 4.8 million, was down slightly year-on-year (Q1/2012: EUR 5.3 million, minus 7.7%), as was the EBIT figure, which was down 11.9% at EUR 4.2 million (Q1/2012: EUR 4.7 million).
The CTS Group will continue to focus in the 2013 business year on growing its Internet ticketing business, expanding internationally and on launching new products and services, including new and innovative features. The Management Board therefore expects further growth in both revenue and earnings over the year as a whole.
The figures for Q1/2012 have been adjusted due to application of mandatory accounting standards (amended IAS 19).