EQS-Adhoc: CTS EVENTIM: Strong business performance in the third quarter of 2022; forecast for 2022 as a whole firmed up
Ad hoc announcement?Public disclosure of inside information according to article 17 directive (EU) No. 596/2014 (Market Abuse Directive)
CTS EVENTIM: Strong business performance in the third quarter of 2022; forecast for 2022 as a whole firmed up
Munich, 7 November 2022. Preliminary results show that CTS EVENTIM AG & Co. KGaA delivered a strong business performance in the Ticketing and Live Entertainment segments in the third quarter of 2022. Both segments thus fared significantly better than in the most recent comparable quarter before the pandemic (third quarter of 2019).
Revenue increased to EUR?694?million in the third quarter of 2022, compared with EUR?115?million in the third quarter of 2021 and EUR?378?million in the third quarter of 2019.
The Group?s normalised EBITDA amounted to EUR?130?million in the third quarter of 2022, following EUR?26?million in the same period of 2021 and EUR?65?million in the third quarter of 2019.
In the Ticketing segment, revenue came to EUR?137?million in the third quarter of 2022 (previous year: EUR?61?million), which was 29% higher than in the third quarter of 2019 (EUR?107?million). Normalised EBITDA stood at EUR?65?million in the third quarter of 2022 (previous year: EUR?27?million), a rise of 44% on the third quarter of 2019 (EUR?45?million).
In the Live Entertainment segment, revenue climbed to EUR?563?million in the third quarter of 2022 (previous year: EUR?56?million), a significant jump compared with the figure from three years ago (EUR?277 million). Normalised EBITDA amounted to EUR?66?million in the third quarter of 2022 (previous year: EUR?-1?million) and was therefore around three times higher than in the third quarter of 2019 (EUR?20?million).
Based on business performance in the first nine months of 2022 and expected performance in the remaining period (October to December 2022), the Management Board has firmed up its forecast for 2022 as a whole.
The Company now anticipates consolidated revenue of at least EUR?1.7 billion and normalised EBITDA of at least EUR?330?million.
This forecast is based on the assumption that neither the COVID-19 pandemic nor the impact of the war between Russia and Ukraine has any significant adverse effect on business performance in the remaining months of 2022.
The Group?s full quarterly statement for the period ended 30 September 2022 will be published on 17 November 2022 and will be available at corporate.eventim.de/en from that date.
For more information:
Head of Corporate Communications:??? Carmen Fesenbeck?????? Tel.: +49.40.380788.7299? ???? ? firstname.lastname@example.org??
Investor Relations:? Marco Haeckermann? Vice President Corporate Development & Strategy? Tel.: +49.421.3666.270? email@example.com?
07-Nov-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.eqs-news.comLanguage: English Company: CTS Eventim AG & Co. KGaA Rablstr. 26 81669 M?nchen
Germany Phone: 0421/ 3666-0 Fax: 0421/ 3666-290 E-mail: firstname.lastname@example.org 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: 1480765 ? End of Announcement EQS News Service