Yahoo Finance CTS Eventim KGaA Full Year 2023 Earnings: Beats Expectations
CTS Eventim KGaA (ETR:EVD) Full Year 2023 Results
Key Financial Results
Revenue: €2.36b (up 23% from FY 2022).
Net income: €274.6m (up 35% from FY 2022).
Profit margin: 12% (up from 11% in FY 2022). The increase in margin was driven by higher revenue.
EPS: €2.86 (up from €2.12 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CTS Eventim KGaA Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%.
Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Entertainment industry in Europe.
Performance of the market in Germany.
The company's share price is broadly unchanged from a week ago.
Valuation
It's possible that CTS Eventim KGaA could be overvalued with our 6-factor valuation analysis indicating potential weakness. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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