DGAP-Adhoc: CTS Eventim AG: CTS EVENTIM achieves double-digit growth rates

CTS Eventim AG / Key word(s): Preliminary Results/Half Year Results

14.08.2013 09:01

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Ad hoc Announcement pursuant to Section 15 WpHG (Securities Trading Act)

First half-year results for the 2013 financial year (1.1. - 30.06.2013)

CTS EVENTIM achieves double-digit growth rates

Superb performance in the first half-year / Group revenue increases by
21.6% to EUR 312.3 million / Normalised EBITDA grows 24.2% to EUR 63.4
million / Ticketing segment revenue improves 19.8% to EUR 115.7 million /
Internet sales rise 18% / Live Entertainment segment boosts revenue by
22.9% to EUR 199.8 million

Munich, 14.08.2013. CTS EVENTIM AG, listed on the SDAX exchange (ISIN
DE0005470306), is continuing to systematically reinforce its leadership in
Germany and neighbouring European countries in 2013. With operations in
more than 20 countries, CTS EVENTIM has been the European market leader for
many years already. More than 100 million tickets for around 180,000 events
are sold annually using the systems developed and marketed by the EVENTIM
Group. In the first half of fiscal 2013, the Group achieved significant,
double-digit growth rates in both of its segments, as well as substantial
improvements in all its key performance figures.

In the period between 1 January and 30 June 2013, the CTS Group generated
total revenue of EUR 312.3 million (HY1/2012: EUR 256.9 million, up 21.6%),
a normalised EBITDA of EUR 63.4 million (HY1/2012: EUR 51.1 million, up
24.2%) and a normalised EBIT of EUR 57.3 million before amortisation from
purchase price allocation (HY1/2012: EUR 44.9 million, up 27.6%). The
EBITDA figure rose to EUR 61.2 million (HY1/2012: EUR 52.3 million, up
17.1%), the EBIT figure to EUR 49.9 million (HY1/2012: EUR 41.0 million, up
21.8%).

The Ticketing segment achieved a strong 19.8% revenue growth rate (before
intersegment consolidation) to reach EUR 115.7 million (HY1/2012: EUR 96.6
million). The normalised EBITDA was up 19.9% at EUR 40.1 million (HY1/2012:
EUR 33.4 million), while normalised EBIT before amortisation from purchase
price allocation was up 23.7% at EUR 35.0 million (HY1/2012: EUR 28.3
million). In the second quarter of 2013, as in the year before, the
operating result was temporarily affected by various non-recurring items,
relating to legal/handling expenses in connection with the arbitration
proceedings against Live Nation, and by acquisitions and workforce
restructuring expenses. EBITDA after adjustment for non-recurring items was
9.3% higher at EUR 37.9 million (HY1/2012: EUR 34.6 million), and EBIT
increased 14.3% to EUR 27.8 million (HY1/2012: EUR 24.3 million). The
highly profitable online ticketing business made a further contribution to
this earnings improvement with an Internet ticketing volume of 10.3 million
tickets (HY1/2012: 8.7 million, up 18%).

The Live Entertainment segment performed exceptionally well in the first
half of 2013. Revenue rose by 22.9% to EUR 199.8 million (HY1/2012: EUR
162.5 million). The EBITDA figure was significantly higher year-on-year,
with a 29.4% increase to EUR 23.3 million (HY1/2012: EUR 18.0 million),
while EBIT improved 29.6% to EUR 22.0 million (HY1/2012: EUR 17.0 million).

The CTS Group will continue to focus in 2013 on growing its Internet
ticketing business, expanding internationally and on launching new products
and services. The Management Board therefore expects further growth in both
revenue and sales over the year as a whole.

The figures for HY1/2012 have been adjusted due to application of mandatory
accounting standards (amended IAS 19).

For further information contact:
Marco Haeckermann, Director Corporate Development & Strategy, CTS EVENTIM
AG, + 49 421 3666 270
Volker Bischoff, CFO, CTS EVENTIM AG, +49 421 3666 250

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Language: English
Company: CTS Eventim AG
Dingolfinger Str. 6
81673 München
Germany
Phone: 0421/ 3666-233
Fax: 0421/ 3666-290
E-mail: claudia.aderhold@eventim.de
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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