cts eventim ag-adr (CEVMY) Key Developments
CTS EVENTIM AG & Co. KGaA to be Ticketing Provider for Rio 2016 Olympic Games
Sep 2 14
CTS EVENTIM AG & Co. KGaA has been appointed the exclusive ticketing services provider of the XXXI Olympic Games and XV Paralympic Games in Rio de Janeiro. The appointment was made following an international tender, in which EVENTIM was the winning bidder. Contracts were signed now between the RIO 2016 Organizing Committee and CTS EVENTIM Brazil, a fully owned subsidiary of CTS EVENTIM AG & Co. KGaA. The XXXI Olympic Games will be held in Rio de Janeiro from August 5 to August 21, 2016 and the XV Paralympic Games from September 7 to September 18, 2016. More than 14,000 athletes will compete in 1,000 sports session across 37 venues, and a total of 9 million tickets are expected to be issued for the Games. In its partnership with RIO 2016, EVENTIM will continue to contribute to the Olympic and Paralympic movement by providing a robust, ticketing platform, building on those which have been delivered for Torino 2006 and Sochi 2014 and embracing technological and operational know-how. Through their cooperation, EVENTIM and RIO 2016 shall ensure the delivery of a fair and transparent system for the distribution of tickets for Brazilian and International customers.
CTS Eventim to Form Joint Venture with Stage Entertainment
Sep 1 14
CTS Eventim AG & Co KGaA announced that it had agreed to form a joint venture with Stage Entertainment to help Stage's unit Holiday on Ice produce, develop, promote and present touring arena ice shows. As part of the deal, which is pending clearance by the German antitrust authorities, CTS Eventim's promotion unit Medusa will buy a 50% interest in Holiday on Ice.
CTS Eventim AG & Co. KGaA Announces Group Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of Fiscal 2014
Aug 27 14
CTS Eventim AG & Co. KGaA announced group earnings results for the six months ended June 30, 2014. For the six months, the company announced total revenue of EUR 339.5 million compared to EUR 312.3 million, up 8.7% from the same period a year ago. Normalized EBITDA was EUR 65.0 million compared to EUR 63.4 million, up 2.6% from the same period a year ago. Normalized EBIT before amortization from purchase price allocation of EUR 57.0 million compared to EUR 57.3 million, minus 0.5% from the same period a year ago. EBITDA improved by 5.4% to EUR 64.5 million compared to EUR 61.2 million, and EBIT by 2.5% to EUR 51.1 million compared to EUR 49.9 million for the same period a year ago.
The company provided earnings guidance for the full year of fiscal 2014. The management board of the company expects further growth in both revenue and earnings in the current financial year.
CTS Eventim AG & Co. KGaA to Report Q2, 2014 Results on Aug 27, 2014
Aug 20 14
CTS Eventim AG & Co. KGaA announced that they will report Q2, 2014 results on Aug 27, 2014
CTS Eventim AG & Co. KGaA Presents at Commerzbank Sector Conference, Sep-09-2014 02:00 PM
Jul 19 14
CTS Eventim AG & Co. KGaA Presents at Commerzbank Sector Conference, Sep-09-2014 02:00 PM. Venue: Hilton Hotel Frankfurt, Hochstrasse 4, 60313 Frankfurt am Main, Germany. Speakers: Marco Haeckermann, Director Corp. Dev. & Strategy.