Oct 5 (Reuters) - CTS EVENTIM AG & CO KGAA ::CTS EVENTIM AND EUROPEAN HANDBALL FEDERATION ENTER STRATEGIC PARTNERSHIP FOR EHF EUROS 2022 AND 2024.STRATEGIC PARTNERSHIP THAT SEES CTS EVENTIM BECOMING OFFICIAL TICKETING PARTNER FOR EHF EUROS IN 2022 AND 2024..FIRST TICKETS FOR MEN'S EHF EURO 2022 ARE EXPECTED TO GO ON SALE IN NOVEMBER 2020.
Full Article
Aug 20 (Reuters) - Cts Eventim AG & Co KgaA ::H1 ADJUSTED EBITDA LOSS -2.7 MILLION EUR.CTS EVENTIM ACHIEVES BALANCED EBITDA IN HY1/2020, IN MIDST OF CORONAVIRUS CRISIS AND THANKS TO COST-CUTTING AND EFFICIENCY-BOOSTING MEASURES.MEASURES TO MINIMISE COSTS AND BOOST EFFICIENCY SAVE A DOUBLE-DIGIT MILLION FIGURE.NORMALISED EBITDA AT MINUS EUR 2.7 MILLION.CASH AND CASH EQUIVALENTS INCREASED TO AROUND EUR 820 MILLION.GIVEN MAJOR UNCERTAINTIES THAT CONTINUE TO SURROUND FUTURE COURSE OF CORONAVIRUS CRISIS AND ITS IMPACTS ON 2020 FINANCIAL YEAR, MANAGEMENT IS STILL OF OPINION THAT IT IS IMPOSSIBLE TO PROVIDE A FORECAST FOR YEAR AS A WHOLE.EXCELLENT MARKET POSITION EXPECTED AFTER END OF RESTRICTIONS.INTEREST IN LIVE ENTERTAINMENT REMAINS STRONG.GROUP WILL QUANTIFY ITS ANTICIPATED DEVELOPMENT AS SOON AS A FORECAST IS POSSIBLE.GROUP REVENUE IN FIRST SIX MONTHS FELL YEAR-ON-YEAR BY 71.5 PERCENT TO EUR 198.5 MILLION (HY1/2019: EUR 696.6 MILLION).IN Q2 OF 2020, GROUP REVENUE WERE 96.6 PERCENT LOWER YEAR-ON-YEAR, AT EUR 13.9 MILLION (Q2/2019: EUR 413.9 MILLION).NORMALISED EBITDA FIGURE CAME IN AT EUR -16.2 MILLION (Q2/2019: EUR 54.7 MILLION).IN TICKETING SEGMENT, COMPARED TO FIRST HALF OF 2019, REVENUE IN FIRST SIX MONTHS OF YEAR FELL BY 55.8 PERCENT TO EUR 88.4 MILLION.IN LIVE ENTERTAINMENT SEGMENT, REVENUE FELL IN FIRST HALF OF YEAR BY 77.2 PERCENT TO EUR 114.9 MILLION.
Full Article
May 20 (Reuters) - Cts Eventim AG & Co KgaA ::DGAP-NEWS: CTS EVENTIM AG & CO. KGAA: CTS EVENTIM PUBLISHES FIRST-QUARTER 2020 RESULTS - SEVERE IMPACTS ON EARNINGS DUE TO COVID-19 PANDEMIC.IN Q1 OF 2020, THIS MEANT A 34.7% YEAR-ON-YEAR DROP IN GROUP REVENUE TO EUR 184.6 MILLION (PREVIOUS YEAR: EUR 282.7 MILLION)..Q1 NORMALISED EBITDA WAS EUR 13.5 MILLION AND THUS 76.3% LESS THAN IN PREVIOUS YEAR (EUR 57.1 MILLION)..IT IS CURRENTLY NOT POSSIBLE TO ISSUE A SUFFICIENTLY RELIABLE AND SPECIFIC NEW FORECAST FOR 2020 FINANCIAL YEAR.DUE TO CURRENT UNCERTAINTIES SURROUNDING FURTHER DEVELOPMENT OF COVID-19 PANDEMIC AND ITS IMPACTS, IT IS CURRENTLY NOT POSSIBLE TO ISSUE A SUFFICIENTLY RELIABLE AND SPECIFIC NEW FORECAST FOR 2020 FINANCIAL YEAR.WILL QUANTIFY EXPECTED FUTURE DEVELOPMENT OF REVENUE AND EARNINGS AS SOON AS A RELIABLE FORECAST IS POSSIBLE..CTS GROUP WILL QUANTIFY EXPECTED FUTURE DEVELOPMENT OF REVENUE AND EARNINGS AS SOON AS A RELIABLE FORECAST IS POSSIBLE.34.7% YEAR-ON-YEAR DROP IN Q1 GROUP REVENUE TO EUR 184.6 MILLION (PREVIOUS YEAR: EUR 282.7 MILLION).Q1 NORMALISED EBITDA WAS EUR 13.5 MILLION AND THUS 76.3% LESS THAN IN PREVIOUS YEAR (EUR 57.1 MILLION).Q1 NORMALISED EBITDA MARGIN FOR GROUP AS A WHOLE IN Q1 WAS 7.3% (PREVIOUS YEAR: 20.2%).TICKETING SEGMENT, REVENUE FELL 24.4% IN Q1 TO EUR 79.0 MILLION (PREVIOUS YEAR: EUR 104.5 MILLION).IN LIVE ENTERTAINMENT SEGMENT REVENUE AMOUNTED TO EUR 108.6 MILLION, 40.4% LESS.
Full Article
May 6 (Reuters) - CTS EVENTIM AG & CO KGAA ::CHANGE IN PROPOSAL FOR APPROPRIATION OF PROFITS TO ANNUAL GENERAL MEETING.PROPOSES TO SUSPEND DIVIDEND FOR YEAR 2019 AND TO CARRY FORWARD NET PROFIT FOR FINANCIAL YEAR 2019 TO NEW ACCOUNT.AGM IS TO BE HELD AS ONLINE ANNUAL GENERAL MEETING WITHOUT PHYSICAL PARTICIPATION OF SHAREHOLDERS ON 19 JUNE 2020.
Full Article
March 17 (Reuters) - CTS EVENTIM AG & CO KGAA ::CFO VOLKER BISCHOFF LEAVES MANAGEMENT BOARD OF CTS EVENTIM AG & CO. KGAA, ANDREAS GRANDINGER TO TAKE OVER POSITION AS OF 14 APRIL 2020.VOLKER BISCHOFF WILL BE LEAVING MDAX-LISTED COMPANY BY MUTUAL AMICABLE AGREEMENT WHEN HIS CONTRACT ENDS ON 31 MARCH 2020.
Full Article
March 16 (Reuters) - CTS Eventim ::OUR BIG SUMMER FESTIVALS ARE INSURED AGAINST CANCELLATIONS.CUSTOMERS ARE RESTRAINED IN TERMS OF BUYING TICKETS FOR UNTIL MAY.
Full Article
March 11 (Reuters) - CTS EVENTIM AG & CO KGAA ::CTS EVENTIM BOOSTS REVENUE AND EARNINGS TO MAKE 2019 ANOTHER RECORD YEAR.GROUP REVENUE IN 2019 ROSE 16.2% YEAR-ON-YEAR TO A TOTAL OF EUR 1.44 BILLION (2018: EUR 1.24 BILLION).FY NORMALISED EBITDA FIGURE IMPROVED BY 25.6% TO EUR 286.5 MILLION (2018: EUR 228.1 MILLION).OUTLOOK 2020: CORONAVIRUS SITUATION WILL HAVE NEGATIVE IMPACTS ON TICKET SALES AND REVENUE IN CONCERT SECTOR.
Full Article
Feb 20 (Reuters) - Cts Eventim AG & Co KgaA ::DGAP-ADHOC: CTS EVENTIM AG & CO. KGAA: CTS EVENTIM AND US PROMOTER MICHAEL COHL ARE FOUNDING A NEW PARTNERSHIP WITH FOCUS ON GLOBAL TOURING.BOTH PARTNERS CTS EVENTIM AND MICHAEL COHL HOLD 50 PERCENT OF SHARES OF NEW COMPANY.NEW COMPANY WILL BE LED BY MICHAEL COHL AND GLENN ORSHER.
Full Article
Dec 19 (Reuters) - CTS EVENTIM ::JOINT VENTURE OF CTS EVENTIM AND KAPSCH TRAFFICCOM QUANTIFIES ITS CLAIMS AGAINST FEDERAL REPUBLIC OF GERMANY AT APPROX. EUR 560 MILLIONS (REMOVES EXTRANEOUS WORD).CONTRACTING PARTIES HAVE AGREED ON A COMPENSATION AFTER TERMINATION OF AGREEMENT BY FEDERAL REPUBLIC OF GERMANY FOR A REASON SUCH AS PRESENT ONE, EQUAL TO LOSS OF PROFITS OVER TERM OF AGREEMENT.IN ADDITION OPERATING AGREEMENT PROVIDES FOR A COMPENSATION OF COSTS ARISING FROM TERMINATION OF AGREEMENT WHICH INCLUDES COMPENSATION CLAIMS OF SUBCONTRACTORS.AUTOTICKET GMBH IS PROJECT COMPANY FOR IMPLEMENTATION OF INFRASTRUCTURE LEVIES CONTEMPLATED BY FEDERAL REPUBLIC OF GERMANY.
Full Article
Dec 3 (Reuters) - CTS EVENTIM AG & CO KGAA ::CTS EVENTIM AG & CO. KGAA: CTS EVENTIM ACQUIRES MAJORITY STAKE IN AUSTRIAN LIVE ENTERTAINMENT GROUP BARRACUDA MUSIC.ACQUIRES 71 PERCENT OF SHARES IN AUSTRIA'S LEADING INDEPENDENT CONCERT PROMOTER.COMPANY IS THUS EXPANDING ITS EUROPEAN EVENT PORTFOLIO TO INCLUDE SOME OF AUSTRIA'S MOST POPULAR CONCERTS AND FESTIVALS.
Full Article
Earnings vs. 
Estimates