EQS-Adhoc: CTS Eventim: Record-breaking performance in 2022 with substantial revenue and profit growth
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EQS-Ad-hoc: CTS Eventim AG & Co. KGaA / Key word(s): Annual Results
Ad hoc announcement
Public disclosure of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014 (Market Abuse Regulation) CTS EVENTIM: Record-breaking performance in 2022 with substantial revenue and profit growth Munich, 16 February 2023. On the basis of preliminary results, CTS EVENTIM AG & Co. KGaA delivered a strong business performance in 2022. Consolidated revenue rose by 372% year on year, from EUR 408 million in 2021 to EUR 1.924 billion in 2022. This means that CTS EVENTIM’s revenue reached a new all-time high of almost EUR 2 billion, an improvement of 33% compared with the previous record figure from 2019, before the outbreak of the COVID-19 pandemic. Both the ticketing segment and the live entertainment segment contributed to this robust growth. The Group’s normalised EBITDA amounted to EUR 384 million in 2022, following EUR 208 million in 2021 and EUR 287 million in 2019. In the Ticketing segment, annual revenue came to EUR 541 million in 2022 (previous year: EUR 224 million), which was 12% higher than in 2019 (EUR 482 million). Normalised EBITDA totalled EUR 263 million for 2022 (previous year: EUR 177 million), a rise of 20% on 2019 (EUR 220 million). In the Live Entertainment segment, revenue climbed to EUR 1,409 million in 2022 (previous year: EUR 191 million), a substantial jump of 43% compared with the figure from three years ago (EUR 986 million). Normalised EBITDA came to EUR 121 million in 2022 (previous year: EUR 31 million) and was thus almost twice as high as in 2019 (EUR 66 million). The full annual report for 2022 will be published on 23 March 2023 and will be available at corporate.eventim.de/en from that date. For further information, please contact: Head of Corporate Communications: Carmen Fesenbeck Tel.: +49 (0)40 380788 7299 [email protected] Investor Relations: Marco Haeckermann Vice President Corporate Development & Strategy Tel: +49 (0)421 3666 270 [email protected]
16-Feb-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | CTS Eventim AG & Co. KGaA |
| Rablstr. 26 | |
| 81669 München | |
| Germany | |
| Phone: | 0421/ 3666-0 |
| Fax: | 0421/ 3666-290 |
| E-mail: | [email protected] |
| Internet: | www.eventim.de |
| ISIN: | DE0005470306 |
| WKN: | 547030 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1561095 |
| End of Announcement | EQS News Service |
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1561095 16-Feb-2023 CET/CEST
CTS Eventim AG & Co. KGaA Stock
€80.20
-2.430%
Currently there is a rather positive sentiment for CTS Eventim AG & Co. KGaA with 3 Buy predictions and 0 Sell predictions.
With a target price of 87 € there is a slightly positive potential of 8.48% for CTS Eventim AG & Co. KGaA compared to the current price of 80.2 €.
