CTS EVENTIM increases revenue and earnings

Munich, 21.02.2013. CTS EVENTIM AG, listed in the SDAX index (ISIN DE0005470306), achieved significant growth in revenue and earnings in the 2012 financial year and continued to reinforce its leadership in the European ticketing and live events markets. The business model proved yet again to be very robust, even in a tough economic environment. Both segments, Ticketing and Live Entertainment, showed successful growth in both revenue and earnings. The  Management Board will announce its dividend proposal for the past financial year when the Annual Report is published at the end of March 2013.  
 
According to preliminary unaudited figures, the CTS Group achieved improvements in all key figures in the 2012 financial year: total revenue rose to EUR 520.3 million (2011: EUR 502.8 million, up 3.5%), EBITDA to EUR 118.9 million (2011: EUR 94.6 million, up 25.7%) and EBIT to EUR 96.1 million (2011: EUR 72.1 million, up 33.4%). Normalised EBITDA was up 13.4% at EUR 118.2 million (2011: EUR 104.2 million), while normalised EBIT before amortisation from purchase price allocation (Ticketcorner Group and See Tickets Germany / Ticket Online Group) was up 14.4% at EUR 105.5 million (2011: EUR 92.2 million).  
 
The Ticketing segment generated EUR 231.5 million in revenue in 2012 before consolidation between segments, which is up 1.2% from EUR 228.7 million in 2011. Despite fewer events in presales over the first nine months of the 2012 financial year, due to major international sporting events, CTS EVENTIM AG still managed to achieve a year-on-year revenue increase following an expectedly strong fourth quarter. Profitability in the Ticketing segment was continuously improved over the 2012 financial year. In the period under review, the CTS Group sold 20.6 million tickets via the Internet – which equates to approx. 7.0% increase on the prior year (19.2 million tickets). EBITDA was 22.2% higher at EUR 92.7 million (2011: EUR 75.8 million), while EBIT increased 30.5% to EUR 72.0 million (2011: EUR 55.2 million). The normalised EBITDA was up 7.7% at EUR 92.0 million (2011: EUR 85.4 million), while normalised EBIT before amortisation from purchase price allocation was up 8.0% at EUR 81.3 million (2011: EUR 75.3 million).  
 
In the 2012 financial year, the Live Entertainment segment achieved a substantial 5.5% year-onyear increase in revenue to EUR 296.4 million, compared to EUR 281.0 million in 2011. The EBITDA figure is EUR 26.6 million (2011: EUR 18.8 million, up 41.6%), the EBIT figure EUR 24.5 million (2011: EUR 16.9 million, up 45.4%). This encouraging growth is partly attributable to the large number of attractive live events in the reporting period.  
 
In view of the growth achieved in the 2012 financial year, the good start to the new financial year in 2013, the successful launch of EVENTIM FanTicket and the unrelenting demand for live events, the Management Board expects the Group to continue its positive development in 2013 as well. These expectations are additionally supported by the continuous growth of Internet ticketing and by further international expansion on the part of CTS EVENTIM AG.