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CTS Eventim AG & Co. KGaA (EVD.DE)

XETRA - XETRA Delayed price. Currency in EUR
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36.10+1.48 (+4.27%)
At close: 5:35PM CEST
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Previous close34.62
Open34.98
Bid36.04 x N/A
Ask36.06 x N/A
Day's range34.98 - 36.46
52-week range25.54 - 61.55
Volume244,307
Avg. volume253,582
Market cap3.473B
Beta (5Y monthly)0.92
PE ratio (TTM)32.38
EPS (TTM)1.12
Earnings date20 Aug 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date09 May 2019
1y target est43.28
  • EQS Group

    CTS EVENTIM safeguards success of subsidiary Barracuda in midst of Austrian banking scandal (news with additional features)

    DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Miscellaneous 31.07.2020 / 13:17 The issuer is solely responsible for the content of this announcement. PRESS RELEASE CTS EVENTIM safeguards success of subsidiary Barracuda in midst of Austrian banking scandal Munich/Vienna, 31 July 2020. CTS EVENTIM, one of the leading international providers of ticketing services and live entertainment, is safeguarding the successful progress of its subsidiary Barracuda, Austria's biggest concert and festival promoter, against the backdrop of the scandal surrounding Commerzialbank Mattersburg, an Austrian bank. Thanks to a comprehensive financing plan, the activities of the Barracuda Group are well protected, particularly its two flagship festivals, Nova Rock and Frequency. The concert promoter holds around 34 million Euro of deposits with Commerzialbank Mattersburg, which was prohibited in mid-July by the Austrian Financial Market Authority from continuing its business operations.Klaus-Peter Schulenberg, CEO of CTS EVENTIM, commented by saying, 'Even in times of Corona, we are pursuing a long-term corporate strategy and are fully aware of Barracuda's enormous potential. We are therefore pleased that Barracuda, one of most creative concert promoters in Europe, has been a member of our corporate family since early 2020, which also means a significant investment in Austria, a market that is so important to us. The team around Ewald Tatar, Barracuda's managing director, can rely on us totally, even in these turbulent times.' He added, 'We would like to emphasise at the same time that both CTS EVENTIM and the Barracuda Group will take any steps that are necessary to protect our rights in respect of the current situation at Commerzialbank Mattersburg.'Ewald Tatar emphasised that 'We are immensely struck by the fast and uncomplicated way that CTS EVENTIM jumped to our side and are really very glad to have such a strong and flexible company as our parent. We are delighted for hundreds of thousands of music fans from Austria and abroad that we are able to carry on our successful work and that the future of Nova Rock, Frequency and hundreds of concerts a year is secure.'CTS EVENTIM acquired a 71% stake in Barracuda Music at the start of this year. Since its establishment in 2004, the concert promoter has grown continuously and within a very short time has developed into a highly stable and healthy enterprise. The group brings together the activities of various independent concert promoters, including the organisers of the Electric Love, Frequency and Nova Rock festivals.The Rolling Stones, Ed Sheeran, Bon Jovi, Metallica, Phil Collins, Red Hot Chili Peppers, Elton John, Iron Maiden and Robbie Williams are just some of the artists whose appearances in Austria are organised by Barracuda Music. Since 2012, Barracuda has also been the exclusive promoter of concerts at the ancient castle of Burg Clam, which has since established itself as one of Austria's most renowned and popular venues.About CTS EVENTIM CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. In 2019, around 250 million tickets 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 2019, its 3,202-strong workforce generated more than 1.4 billion Euro in sales revenue in 21 countries. For further information, please contact: Head of Corporate Communications: Frank Brandmaier Tel.: +49 40 380788-7299 frank.brandmaier@eventim.de* * *Additional features: File: Press release as PDF * * *31.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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: 1107607 End of News DGAP News Service

  • EQS Group

    CTS Eventim AG & Co. KGaA: Austrian subsidiary of CTS EVENTIM AG & Co. KGaA holds deposits with Commerzialbank Mattersburg im Burgenland AG

    CTS Eventim AG & Co. KGaA / Key word(s): Miscellaneous CTS Eventim AG & Co. KGaA: Austrian subsidiary of CTS EVENTIM AG & Co. KGaA holds deposits with Commerzialbank Mattersburg im Burgenland AG 15-Jul-2020 / 21:26 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. * * *Munich, 15 July 2020: The Austrian Financial Market Authority FMA has completly prohibited Commerzialbank Mattersburg im Burgenland AG ("Commerzialbank Mattersburg") from continuing its entire business operations with immediate effect in emergency administrative decision dated 14 July 2020 and has appointed an auditor as an expert supervisor (government commissioner) of the credit institution. This also prohibits the bank from paying out existing deposits.Barracuda Holding GmbH ("Barracuda") with its registered seat in Austria, in which a subsidiary of CTS EVENTIM AG & Co. KGaA ("Eventim") has a 71% shareholding, holds deposits with Commerzialbank Mattersburg in the amount of around EUR 34 million as of today.The exact effects of the measures imposed by the FMA on Eventim and the situation of Commerzialbank Mattersburg can not yet be conclusively assessed at this point in time. Both Eventim and Barracuda continue to monitor the situation very closely and will take all necessary measures to protect their rights. About CTS EVENTIM CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. In 2019, around 250 million tickets 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 2019, its 3,202-strong workforce generated more than 1.4 billion Euro in sales revenue in 21 countries. Head of Corporate Communications: Frank Brandmaier Tel.: +49 40 380788-7299 frank.brandmaier@eventim.deInvestor Relations: Marco Haeckermann Vice President Corporate Development & Strategy Tel.: +49,421.3666.270 marco.haeckermann@eventim.de* * *15-Jul-2020 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: 1094797 End of Announcement DGAP News Service

  • EQS Group

    CTS Eventim AG & Co. KGaA: CTS EVENTIM publishes first-quarter 2020 results - severe impacts on earnings due to COVID-19 pandemic

    DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Quarter Results 20.05.2020 / 08:30 The issuer is solely responsible for the content of this announcement. PRESS RELEASE CTS EVENTIM publishes first-quarter 2020 results - severe impacts on earnings due to COVID-19 pandemic Munich, 20 May 2020. CTS EVENTIM, one of the leading international providers of ticketing services and live entertainment, had a strong start to the 2020 financial year, but is now faced in March 2020 with severe impacts on revenue and earnings. The reason for this is the ongoing COVID-19 pandemic and the various official bans and conditions imposed on events as a consequence. In the last month of the reporting period, these resulted in a virtual standstill in live entertainment in Germany as well as in all the core international markets in which CTS EVENTIM operates.In the first quarter 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). Normalised EBITDA was EUR 13.5 million and thus 76.3% less than in previous year (EUR 57.1 million). The normalised EBITDA margin for the Group as a whole in the first quarter was 7.3% (previous year: 20.2%).Klaus-Peter Schulenberg, CEO of CTS EVENTIM, commented on the results by saying, 'We got off to a very strong start in 2020 - we grew our Live Entertainment business internationally even further by acquiring majority shareholdings in Gadget Entertainment AG and wepromote Entertainment Group Switzerland AG, by completing our takeover of a majority stake in the Barracuda Group in Austria and by entering a new joint venture with Michael Cohl, the well-known US promoter. In March 2020, the entire live entertainment industry and its fans were hard hit by the spread of the COVID-19 pandemic and the associated measures implemented by government and local authorities. However, we actively adjusted to the new situation and responded immediately and rigorously with internal measures to minimise costs and maximise efficiency. At the same time, we are benefiting from the Group's good cash flow situation in order to cope with this challenging situation over a longer period of time and even to emerge stronger from this phase afterwards.' In the Ticketing segment, revenue fell 24.4% in the first quarter to EUR 79.0 million (previous year: EUR 104.5 million). Normalised EBITDA was EUR 16.9 million, 59.8% lower year-on-year (previous year: EUR 41.9 million). The normalised EBITDA margin was 21.3% (previous year: 40.1%).In the Live Entertainment segment also, the COVID-19 pandemic meant there was no way to achieve the previous year's figures. Revenue amounted to EUR 108.6 million, 40.4% less than the first-quarter figure a year before (previous year: EUR 182.2 million). Normalised EBITDA came in at EUR -3.3 million, or 121.9% lower year-on-year (previous year: EUR 15.2 million). The normalised EBITDA margin, at -3.1%, suffered a sharp decline compared to the first quarter of the previous year (8.3%).In key European markets in which CTS EVENTIM operates, policymakers responded to the dramatic situation in the event promotion industry and enshrined 'voucher solutions' in law, e.g. in Germany, Austria and Italy. Similar solutions are currently being discussed by politicians in many other European countries.The voucher schemes basically involve a voucher being issued, rather than a refund of the ticket price, to holders of tickets for music, cultural, concert or sports events that they are unable to attend because of the COVID-19 pandemic, or to holders who are unable or unwilling to accept an alternative date.Due to the current uncertainties surrounding the further development of the COVID-19 pandemic and its impacts, it is currently not possible to issue a sufficiently reliable and specific new forecast for the 2020 financial year. The CTS Group will quantify the expected future development of revenue and earnings as soon as a reliable forecast is possible.The quarterly report on business performance in the first three months of 2020 will be available on the Internet for download at corporate.eventim.de when this press release is published. About CTS EVENTIM CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. In 2019, around 250 million tickets 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 2019, its 3,202-strong workforce generated more than 1.4 billion Euro in sales revenue in 21 countries. For further information, please contact: Corporate Communications: Thomas Kollner Tel.: +49.40.380.788.7299 thomas.kollner@eventim.deInvestor Relations: Marco Haeckermann Vice President Corporate Development & Strategy Tel.: +49.421.3666.270 marco.haeckermann@eventim.de * * *20.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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: 1051473 End of News DGAP News Service

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