2005 financial year: all forecasts exceeded
Munich, 20 March 2006. CTS EVENTIM AG, a leading ticket marketer for concerts, theatre and sports events, and a provider of live entertainment achieved continued and robust growth in the 2005 business year. As already announced on 14 February, Group revenue rose by 15.0% to EUR 256.2 million as at 31.12.2005 (prior year: EUR 222.7 million). The Group improved its EBIT by 53.3% to EUR 32.7 million (prior year: EUR 21.4 million). The EBIT margin climbed from 9.6% to 12.8%, while the EBITDA figure rose 45.4% to EUR 37.5 million (prior year: EUR 25.8 million). Cash flow increased by 44.2% from EUR 19.6 million in fiscal 2004 to EUR 28.2 million. Earnings per share amounted to EUR 0.67 (prior year: EUR 0.38 pro forma after share split).
Management and Supervisory Boards to propose dividend of EUR 0.34 per share at Shareholders' Meeting / Total distribution of EUR 8.16 million
CTS EVENTIM AG, the standalone SDAX-listed company (ISIN DE0005470306), discloses in 2005 balance sheet profits of EUR 16.05 million. More than 50% of that figure is to be distributed to shareholders; the Management and Supervisory Boards will propose a EUR 0.34 dividend per share to the Annual Shareholders' Meeting on 10 May 2006. With 24 million shares outstanding, this equates to total distribution of EUR 8.16 million. The EUR 7.89 million balance sheet profit remaining after distribution will be used to strengthen the company's financial base ahead of the further internationalisation planned for the EVENTIM Group.
For further information contact CFO Volker Bischoff under +49 421 3666-233.