Brief: CTS Eventim With Consolidated Revenue Up by 22.5% year-on-year to EUR 2.359 Bln

CTS Eventim AG & Co KGaA

07/02/2024 06:43

Feb 7 (Reuters) - CTS EVENTIM AG & CO KGAA  EVDG.DE :
    * DYNAMIC GROWTH ACROSS ALL BUSINESS SEGMENTS PRODUCES
RECORD
RESULTS FOR 2023
    * CTS EVENTIM - CONSOLIDATED REVENUE ROSE BY 22.5%
YEAR-ON-YEAR TO
EUR 2.359 BILLION (PREVIOUS YEAR: EUR 1.926 BILLION)
    * CTS EVENTIM - GROUP'S NORMALISED EBITDA CAME TO EUR 501.4
MILLION IN 2023, COMPARED WITH EUR 380.1 MILLION IN PREVIOUS
YEAR. AN INCREASE OF 31.9%
    * CTS EVENTIM - FORECAST FOR FULL YEAR, WHICH HAD ALREADY
BEEN
RAISED IN OCTOBER OF LAST YEAR (AS ANNOUNCED IN AN AD HOC
DISCLOSURE), WAS SIGNIFICANTLY EXCEEDED THANKS TO A VERY STRONG
Q4 OF 2023
    * CTS EVENTIM - GROUP FIGURES INCLUDE INCOME OF EUR 37.4
MILLION
TO WHICH CTS GROUP COMPANIES ARE DIRECTLY ENTITLED FROM
COMPENSATION  BY GERMAN GOVERNMENT TO JOINT VENTURE AUTOTICKET
GMBH, BERLIN
    * CTS EVENTIM - IN TICKETING SEGMENT, REVENUE AMOUNTED TO
EUR 717
MILLION IN 2023 (PREVIOUS YEAR: EUR 541 MILLION) AND WAS THUS UP
BY 32.5%. NORMALISED EBITDA CAME TO EUR 382.4 MILLION IN 2023
(PREVIOUS YEAR: EUR 260.8 MILLION), A RISE OF 46.6%
    * CTS EVENTIM - IN LIVE ENTERTAINMENT SEGMENT, REVENUE
JUMPED BY
18.9% YEAR-ON-YEAR TO EUR 1.677 BILLION (PREVIOUS YEAR: EUR
1.410 BILLION). NORMALISED EBITDA REMAINED NEARLY UNCHANGED AT
EUR 119.1 MILLION IN 2023 (PREVIOUS YEAR: EUR 119.2 MILLION)
    * CTS EVENTIM - FY REVENUE EUR 2,359 MILLION VS. IBES
ESTIMATE EUR
2,220 MILLION

Source text for Eikon:  ID:nEQ7WMYdwa 
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