CTS EVENTIM: Continuous growth despite global economic crisis

Group revenue increases 12.9% to EUR 329.5 million / EBIT swells by around 43% to EUR 44.1 million / Consolidated net income reach new record of EUR 23.6 million / Ticketing revenue and Live Entertainment revenue up 34.5% and 6% / Internet ticketing volume increases by around 47% to 8.2 million / Eventim online portals log 200 million visitors

Munich, 10.11.09. CTS EVENTIM AG, listed on the SDAX exchange (ISIN DE0005470306), marked further progress during the first nine months of 2009 despite the international financial and economic crisis, and continues to show steady grow in both its segments, Ticketing and Live Entertainment.

In the period from 1 January to 30 September 2009, the CTS Group generated EUR 329.5 million in revenue (Q1-3/2008: EUR 292.0 million, up 12.9%), an EBIT of EUR 44.1 million (Q1-3/2008: EUR 30.8 million, up 42.9%) and an EBITDA of EUR 50.5 million (Q1-3/2008: EUR 36.3 million, up 39.3%). Consolidated net income rose 44.2% to EUR 23.6 million (Q1-3/2008: EUR 16.4 million). Earnings per share increased to EUR 0.99, compared to EUR 0.68 in Q1-3/2008. The cash flow for the reporting period was EUR 37.7 million (Q1-3/2008: EUR 28.3 million, up 33.6%). 

In the Ticketing segment, high-margin Internet ticket sales resulted once again in substantially higher revenue and earnings figures. The CTS Group sold around 8.2 million tickets via the Internet – a yearon-year increase of around 47% (Q1-3/2008: 5.6 million). More than 200 million visitors were logged by the online portals operated by Eventim (Q1-3/2008: 139 million). With revenue at EUR 95.7 million before consolidation of segments (Q1-3/2008: EUR 71.1 million, up 34.5%), an EBIT of EUR 25.9 million was generated. This figure is 55.2% higher than the EUR 16.7 million achieved in Q1-3/2008. EBITDA, at EUR 30.7 million, was up 48.3% year-on-year (Q1-3/2008: EUR 20.7 million).   

The Live Entertainment segment showed similarly strong improvement in the first nine months of 2009. The segment generated EUR 236.4 million in revenue (Q1-3/2008: EUR 223.1 million, up 6.0%). EBIT was 28.3% higher at EUR 18.1 million (Q1-3/2008: EUR 14.1 million), while EBITDA increased 27.2% to EUR 19.8 million (Q1-3/2008: EUR 15.6 million).  

The Group continues to focus on rigorously growing its Internet ticketing operations and on international expansion generally. CTS plans to commence ticketing activities in Great Britain as from 1 January 2010. For the 2009 business year as a whole (31.12), the Management Board expects the Group to progress well and anticipates yet another year-on-year improvement in financial performance. In 2008, CTS achieved a Group EBIT figure of EUR 50.3 million. The fourth quarter is traditionally the strongest for the Ticketing segment. 

The full interim report will be available on the Internet at in both German and English, in an online version and in download form, as from 26 November 2009. 

Marco Haeckermann
Vice President Corporate Development & Strategy
Frank Brandmaier
Head of Corporate Communications

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