EQS-Adhoc: CTS EVENTIM delivers a strong performance in the third quarter and raises its forecast for 2023 as a whole

AD HOC DISCLOSURE

Public disclosure of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014 (Market Abuse Regulation)

CTS EVENTIM delivers a strong performance in the third quarter and raises its forecast for 2023 as a whole

Munich, 5 October 2023 – Preliminary results show that CTS EVENTIM AG & Co. KGaA delivered a strong performance in the third quarter of 2023, primarily thanks to the Ticketing segment.

The volume of online ticket sales alone was up by 35 % in the first nine months of 2023 compared with the same period last year. This positive trend was driven by Germany (growth of 43 %) and the global network (up by 31 %). The reasons for this success were particularly high volumes of presales for individual tours such as Taylor Swift and Peter Maffay and, once again, the sheer number and variety of tours, concerts and events on offer.

The Company now expects the Group’s revenue for 2023 as a whole to be significantly higher than EUR 2 billion, with normalised EBITDA at well above EUR 400 million.

This means that operating profit for 2023 will be up sharply compared with the prior-year figure, which itself had been at a high level thanks to catch-up effects resulting from the pandemic.

The forecast is based on the assumption that there will be no substantial negative effects on current or future business performance during the remainder of 2023.

The Group’s full quarterly statement for the period ended 30 September 2023 will be published on 21 November 2023 and will be available at corporate.eventim.de/en from that date.

ABOUT CTS EVENTIM
CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment with more than 250 million tickets marketed per year using the Company’s systems – via physical box offices, online, or from mobile devices. Its online portals include brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it, and entradas.com. The promoter network EVENTIM LIVE is recognized as the third largest promoter in the world according to Pollstar’s global promoter ranking 2022. Its concert, tour, and festival promoter companies sold more than 20 million tickets in 2022 for events including Rock am Ring, Rock im Park, Hurricane, Southside and Lucca Summer. In addition, CTS EVENTIM operates some of Europe’s most renowned venues: the LANXESS Arena in Cologne, the K.B. Hallen in Copenhagen, the Waldbühne in Berlin and the EVENTIM Apollo in London. CTS Eventim AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is currently a member of the MDAX segment.

Contacts: 

CORPORATE COMMUNICATIONS
Christian Colmorgen 
Head of Corporate Communications
Tel: +49.40.380788.7299
christian.colmorgen@eventim.de

INVESTOR RELATIONS
Marco Haeckermann
Vice President Corporate Development & Strategy
Tel.: +49.421.3666.270
marco.haeckermann@eventim.de

1742589  05-Oct-2023 CET/CEST