Munich, 25 November 2015. CTS EVENTIM AG & Co. KGaA, listed in the MDAX index (ISIN DE0005470306), achieved continued growth in the first nine months of the 2015 financial year. Its leadership in the European ticketing and live events markets was further extended, with significant growth in both of its segments, Ticketing and Live Entertainment.
CTS Group revenue grew substantially 23.1% to EUR 577.5 million (Q1-3/2014: EUR 469.3 million). The normalised EBITDA figure improved by 17.8% to reach EUR 107.2 million (Q1-3/2014: EUR 91.0 million), with EBITDA advancing by 18.9% to EUR 106.9 million (Q1-3/2014: EUR 89.9 million).
The Ticketing segment achieved a revenue growth rate of 11.8% (before intersegment consolidation) to reach EUR 215.3 million (Q1-3/2014: EUR 192.6 million). Normalised EBITDA rose to EUR 75.6 million (Q1-3/2014: EUR 68.0 million, up 11.1%), and the EBITDA figure to EUR 75.3 million (Q13/2014: EUR 67.0 million, up 12.5%). The total volume of tickets sold online in Germany and abroad increased to 22.2 million due to organic and acquisitive growth (Q1-3/2014: EUR 18.6 million, up 19.4%). These growth rates highlight once again the leading position held by the CTS Group in the field of online ticketing for live events of many different kinds.
In the Live Entertainment segment, attractive events, major tours and well-established festivals resulted in revenue growing strongly by 29.7% to reach EUR 366.4 million (Q1-3/2014: EUR 282.4 million). EBITDA rose by 37.5% year-on-year to EUR 31.6 million (Q1-3/2014: EUR 23.0 million).
In the further course of business, the CTS Group will focus on rigorous expansion of E-Commerce ticketing operations, continuation of its strategy for international expansion, and on the development of innovative products and services. On that basis, the corporate management expects further growth in both revenue and earnings in the current financial 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 and the takeover of Listicket, the italian ticketing business, in July 2014.
The interim report for the first nine months of 2015 will be available for download at www.eventim.de when this press release is published.