CTS Eventim shares rise on preliminary FY revenue and earnings

CTS Eventim AG & Co KGaA

18/02/2025 09:55

** Shares of CTS Eventim  EVDG.DE  jump 4% after the German
live entertainment ticketing company posted preliminary strong
full-year revenue and earnings
    ** The company's FY revenue and adjusted EBITDA rose by
19.1% and 21.9%, to 2.81 billion euros ($2.94 billion)and 542
mln euros respectively 
    ** J.P. Morgan notes that for the quarter, adjusted EBITDA
came in +7% and 14% ahead of JPM and consensus respectively, led
in the main part by better than expected performance in Live
Entertainment
    ** JPM says it anticipates a reassuring quarter that will
restore confidence in the investment case after Q3
disappointments
    ** "Valuation offers an attractive entry point to the
narrative," the brokerage adds
    ** CTS Eventim is among the top movers on pan-European STOXX
600 index  .STOXX , on track for its best day in a month


($1 = 0.9560 euros)

 (Reporting by Elizaveta Gladun in Gdansk)
 ((elizaveta.gladun@thomsonreuters.com))