Munich, 26 May 2016. CTS EVENTIM AG & Co. KGaA, listed in the MDAX index (ISIN DE0005470306), has made a successful start to the current financial year. The revenue of the CTS Group rose to EUR 163.2 million and thus by 7.6% (Q1/2015: EUR 151.7 million). The normalised EBITDA figure increased by 5.5% to EUR 38.8 million (Q1/2015: EUR 36.8 million), and EBITDA by 4.8% to EUR 38.5 million (Q1/2015: EUR 36.8 million). These earnings confirm the sustained and successful international growth strategy of the CTS Group.
The Ticketing segment reports a significant revenue growth of 11.6% (before intersegment consolidation) to EUR 84.8 million (Q1/2015: EUR 76.0 million) and thus remains a strong driver for the CTS Group. The normalised EBITDA figure improved by 12.4% to reach EUR 32.8 million (Q1/2015: EUR 29.2 million), with EBITDA growing by 11.5% to EUR 32.5 million (Q1/2015: EUR 29.2 million). The boost in Internet ticketing volume in Germany and abroad was a very significant factor behind this earnings boost. The total volume of tickets sold online rose by 20.2% to 9.4 Mio. (Q1/2015: 7.8 million) admission tickets in total.
In the Live Entertainment segment, revenue rose in the first quarter of 2016 by 3.0% to EUR 79.6 million, despite the lack of major events. This year-on-year increase was mainly achieved with a greater number of musicals, shows and exhibitions during the reporting period. EBITDA declined by 21.2% to EUR 6.0 million, as could be expected due to the lack of earnings contributions from major events, the record performance in the prior year could not be reached.
The CTS Group will maintain in the future its successful strategy for international expansion through a combination of organic growth and acquisitions. There is also a continued focus on expanding the profitable E-Commerce ticketing operations and on developing innovative products and services. Even if expectations for the business performance in the Live Entertainment segment are only moderate, a slight improvement in the Group earnings is nevertheless expected for 2016 as a whole, due to the positive growth in the Ticketing segment.
The interim report for the first three months of 2016 will be available for download at www.eventim.de when this press release is published.