CTS Eventim jumps on strong Q3 results, new CFO

CTS Eventim AG & Co KGaA

21/11/2025 08:24

** Shares in CTS Eventim EVDG.DE rise 6.6% after it reported strong Q3 results and appointed a new CFO

** The German ticketing firm's adjusted EBITDA of 137.3 million euros ($158.57 million) beats consensus by 5%, J.P. Morgan says, also pointing to "steady" top-line growth despite challenging macro backdrop in Germany and strong comparatives last year

** The "reassuring" results should ease investor concerns on operational execution, the broker says, while the appointment of a new CFO should further reduce leadership uncertainty

** While some were rather sceptical about the company's short-term outlook, Deutsche Bank says, it expects shares to outperform given "a good set of results and a confident tone during the analyst call"

** The stock, which tracks its best day in 2 years, tops German mid-cap index .MDAXI

($1 = 0.8659 euros)

(Reporting by Amir Orusov)

((Amir.orusov@thomsonreuters.com))