Picture of CTS Eventim AG & Co KGaA logo

EVD — CTS Eventim AG & Co KGaA News Story

0.000.00%
de flag iconLast trade - 00:00
TechnologyAdventurousLarge CapFalling Star

CTS Eventim drops on 'mixed' Q2, 'disappointing' margins

BUZZ-CTS Eventim drops on 'mixed' Q2, 'disappointing' margins

** Shares in CTS Eventim EVDG.DE slide about 5% after the German ticketing firm posted "mixed" Q2 results

** A local trader says report is "mixed" with better sales but "rather sluggish" earnings growth

** This resulted in disappointing margins, mainly due to significant pressure in the high-margin Ticketing segment, the trader adds

** CTS Eventim's Q2 revenue rises 13% y/y to €899.3 million ($1.1 billion), with adjusted EBITDA up 6.2% to €106.4 million, resulting in an adjusted EBITDA margin of 11.8%

** The stock sits at the bottom of the STOXX 600 index .STOXX

($1 = 0.8549 euros)


(Reporting by Anastasiia Kozlova)

((Anastasiia.Kozlova@thomsonreuters.com))

Recent news on CTS Eventim AG & Co KGaA

See all news