Munich, 12.11.2013. Live Entertainment, be it concerts, tours or other events, is experiencing a boom in Germany and in Europe generally. CTS EVENTIM, the European market leader for live events, is the partner of choice for international stars with names like Depeche Mode, Bruce Springsteen and Rihanna, and for major German acts such as Sportfreunde Stiller and Helene Fischer. More than 100 million tickets for around 180,000 events are sold annually using the systems developed and marketed by the EVENTIM Group. CTS EVENTIM AG (ISIN DE0005470306), listed on the SDAX exchange, was very successful again with its Ticketing and Live Entertainment segments in the third quarter of the 2013 business year, continuing the growth already achieved in the first half of the year.
In the period between 1 January and 30 September 2013, the CTS Group generated total revenue of EUR 444.1 million (Q1-3/2012: EUR 362.7 million, up 22.5%), a normalised EBITDA of EUR 86.0 million (Q1-3/2012: EUR 70.9 million, up 21.2%) and a normalised EBIT of EUR 76.9 million before amortisation from purchase price allocation (Q1-3/2012: EUR 61.6 million, up 24.7%). The EBITDA figure rose to EUR 83.7 million (Q1-3/2012: EUR 71.7 million, up 16.7%), the EBIT figure to EUR 66.8 million (Q1-3/2012: EUR 54.9 million, up 21.8%).
The Ticketing segment achieved a 20.4% revenue growth rate (before intersegment consolidation) to reach EUR 168.6 million (Q1-3/2012: EUR 140.1 million). The normalised EBITDA was up 18.8% at EUR 56.7 million (Q1-3/2012: EUR 47.7 million), while normalised EBIT before amortisation from purchase price allocation was up 22.9% at EUR 49.2 million (Q1-3/2012: EUR 40.0 million). EBITDA was 12.1% higher at EUR 54.4 million (Q1-3/2012: EUR 48.6 million) after non-recurring items, while EBIT increased 18.8% to EUR 39.5 million (Q1-3/2012: EUR 33.3 million). The highly profitable online ticketing business made a further contribution to this earnings improvement with an Internet ticketing volume of around 15 million tickets (Q1-3/2012: 12.7 million, up 18%).
The Live Entertainment segment also performed exceptionally well. Revenue rose to EUR 280.5 million, up 23.9% on the Q1-3/2012 figure of EUR 226.4 million. EBITDA was significantly higher yearon-year, with a 24.2% increase to EUR 29.2 million (Q1-3/2012: EUR 23.6 million), while EBIT improved 24% to EUR 27.3 million (Q1-3/2012: EUR 22.0 million).
Over the past few years, CTS EVENTIM AG has consistently extended and reinforced its position as market leader in Germany and in neighbouring European countries. The CTS Group continues to focus on growing its Internet ticketing business, expanding internationally and on launching new products and services. Sales in the fourth quarter are seasonally the strongest, with a very high concentration of ticket pre-sales. For the year as a whole, the Management Board expects significant growth in both revenue and earnings.
The figures for Q1-3/2012 have been adjusted due to application of mandatory accounting standards (amended IAS 19).