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cts eventim ag-adr (CEVMY) Key Developments

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

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

CTS Eventim AG & Co. KGaA announced that they will report Q2, 2014 results on Aug 27, 2014

CTS Eventim AG to Report Q1, 2014 Results on May 28, 2014

CTS Eventim AG announced that they will report Q1, 2014 results on May 28, 2014

CTS Eventim AG Reports Rnings Rests for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year of 2014

CTS Eventim AG reported earnings rests for the first quarter ended March 31, 2014. CTS Group generated total revenue of EUR 150.4 million against EUR 121.1 million, up 24.2% in 2013. The normalised EBITDA improved up to EUR 32.3 million against EUR 28.7 million, up 12.5% in 2013. EBITDA increased to EUR 32.0 million against EUR 28.6 million, up 12.1% in 2013. The CTS Group will continue to focus in the 2014 business year on growing its internet ticketing business, expanding internationally and on launching new products and services. The Management Board expects further growth in both revenue and earnings over the year as a whole.

CTS EVENTIM Wins Ticketing Contract for the 2017 IIHF Ice Hockey World Championship

The organizing committee of the 2017 IIHF Ice Hockey World Championship in Germany and France has opted for CTS EVENTIM as its official ticketing partner. The company will be responsible for the entire ticketing administration at the summit meeting of the 16 best ice hockey nations, due to take place in Paris and Cologne in 2017. The World Championship will be staged at the LANXESS arena (18,500 seats) and Palais Omnisports Bercy (15,000 seats). The tournament, in which 64 matches are planned from May 5, 2017- May 21, 2017, has a gross capacity of around 1 million spectator seats.

 

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