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CTS EVENTIM AG & Co. KGaA receives Corona subsidies

·3-min read

CTS Eventim AG & Co. KGaA / Key word(s): Miscellaneous
CTS EVENTIM AG & Co. KGaA receives Corona subsidies

09-Jul-2021 / 17:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Ad-hoc announcement

Public disclosure of inside information according to article 17 directive (EU) No. 596/2014 (Market Abuse Directive)

CTS EVENTIM AG & Co. KGaA receives Corona subsidies

Munich, July 9, 2021. CTS EVENTIM AG & Co. KGaA has received approval notices for the granting of subsidies from the German federal government in the form of extraordinary Corona economic aid for November 2020 ("November aid") and December 2020 ("December aid"). The subsidies for CTS EVENTIM AG & Co. KGaA in the amount of EUR 102 million will strengthen the result of the current fiscal year as well as the liquidity of the Company. They are subject to a final audit as part of the final settlement.

About CTS EVENTIM
CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. Before the outbreak of the coronavirus pandemic, around 250 million tickets per annum were marketed using the company's systems - be it through stationary box offices, online or from mobile terminals. Its online portals operate under brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it and entradas.com. The EVENTIM Group also includes many concert, tour and festival promoter companies for events like 'Rock am Ring', 'Rock im Park', 'Hurricane', 'Southside' and 'Lucca Summer'. In addition, some of Europe's most renowned venues are operated by CTS EVENTIM, for example 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. In a situation dominated by extensive bans and restrictions on events as a result of the coronavirus pandemic, the Group generated revenue totalling EUR 256.8 million in 21 countries in 2020, after more than EUR 1.4 billion the year before.

For further information, please contact:

Head of Corporate Communications:
Frank Brandmaier
Tel.: +49.40.380788.7299
frank.brandmaier@eventim.de

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

09-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

1217420


 

End of Announcement

DGAP News Service

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