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EQS-Ad-hoc: CTS Eventim AG & Co. KGaA / Key word(s): Forecast AD HOC DISCLOSURE 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.
CORPORATE COMMUNICATIONS INVESTOR RELATIONS End of Inside Information
05-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | CTS Eventim AG & Co. KGaA |
| Rablstr. 26 | |
| 81669 München | |
| Germany | |
| Phone: | 0421/ 3666-0 |
| Fax: | 0421/ 3666-290 |
| E-mail: | info@eventim.de |
| Internet: | www.eventim.de |
| ISIN: | DE0005470306 |
| WKN: | 547030 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1742589 |
| End of Announcement | EQS News Service |
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1742589 05-Oct-2023 CET/CEST
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