Ticketing firm CTS Eventim lifts earnings forecast for 2024

CTS Eventim AG & Co KGaA

22/08/2024 06:53

Aug 22 (Reuters) - German ticketing group CTS Eventim
 EVDG.DE  raised its forecast for full-year earnings on
Thursday, citing strong business development in the first half
of 2024 and upcoming events in the second half.
    The group expects a significant rise in adjusted earnings
before interest, tax, depreciation and amortisation (EBITDA) and
a moderate increase in operating profit (EBIT) this year.
    It had previously said it expected earnings to remain at the
high level seen in 2023.
    The company reiterated its forecast for a moderate
year-on-year rise in annual revenue.

 (Reporting by Anastasiia Kozlova and Amir Orusov in Gdansk;
editing by Milla Nissi)
 ((Anastasiia.Kozlova@thomsonreuters.com;
Amir.Orusov@thomsonreuters.com))