CTS Eventim AG & Co. KGaA
CTS Eventim AG & Co. KGaA: CTS EVENTIM plans record dividend
DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Final Results/Dividend PRESS RELEASE 2016 Financial Year (1.1. – 31.12.2016) CTS EVENTIM plans record dividend The 2016 financial year: E-Commerce as growth driver As the preliminary figures published on 16 February 2017 have already shown, the CTS Group maintained its unabated growth in 2016 also. Strong growth in the Ticketing segment resulted in a significant 7.4% increase in normalised Group EBITDA to EUR 194.5 million (prior year: EUR 181.0 million), despite the anticipated fall in revenue and earnings in the Live Entertainment segment compared to the record achieved in 2015. Online ticketing was the growth driver for the CTS Group; 15.0% organic growth in tickets sold in E-Commerce took the volume to around 40.8 million tickets. Owing to expansion in South America and Scandinavia, the total volume of tickets sold online rose 23.1% to 43.7 million tickets. Outlook for 2017: Continued expansion The current financial year will see the CTS Group continuing to rigorously pursue its international growth strategy. Efforts will be focused on further and continuous development of the proprietary The full Annual Report is available on the Internet at www.eventim.de, in an online version and in download form. For further information contact:
23.03.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | CTS Eventim AG & Co. KGaA |
Rablstr. 26 | |
81669 München | |
Germany | |
Phone: | 0421/ 3666-233 |
Fax: | 0421/ 3666-290 |
E-mail: | tatjana.wilhelm@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 |
End of News | DGAP News Service |