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CTS EVENTIM AG & CO. KGAA

(EVD)
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PRESS RELEASE : CTS EVENTIM enters the North American ticketing market

09/24/2021 | 06:25am EDT

DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Miscellaneous CTS EVENTIM enters the North American ticketing market 2021-09-24 / 12:24 The issuer is solely responsible for the content of this announcement.

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Press Release CTS EVENTIM enters the North American ticketing market . New platform eventim.com to start selling tickets on September 26 . Goal is to provide an alternative to the dominant providers . CEO Klaus-Peter Schulenberg: "The platform eventim.com puts us in an ideal position to benefit from therestart of live entertainment in North America."

Munich, September 24, 2021. CTS EVENTIM, one of the leading international providers of ticketing and live entertainment, is entering the North American ticketing market and thus driving forward its international expansion in this segment too. The platform eventim.com will begin selling tickets on September 26. The goal is to establish an alternative to the dominant providers in the US and Canada.

Klaus-Peter Schulenberg, CEO of CTS EVENTIM: "North America is the most attractive market in the world for live entertainment and ticketing. The platform eventim.com puts us in an ideal position to benefit from the restart there. The sale of tickets for Big Apple Circus is a first step on this journey. We are already in discussions with potential partners and customers about making our cutting-edge ticketing systems available to them soon."

Last year, CTS EVENTIM and US promoter Michael Cohl formed the joint venture EMC Presents with the goal of bringing leading international artists to stages in the United States and Canada. It got off to a great start, selling more than 300,000 tickets in almost no time for the legendary band Genesis' North American tour, which kicks off in mid-November in Chicago.

This summer also saw the launch of EVENTIM LIVE ASIA. The new company, headquartered in Singapore and led by CEO Jason Miller, focuses on the rapidly growing live entertainment markets in China, Japan, South Korea, Singapore, Hong Kong, Taiwan, Indonesia, Thailand, Vietnam, Malaysia and the Philippines.

Before the start of the coronavirus pandemic, CTS EVENTIM was selling more than 250 million tickets for around 800,000 events every year, making it the world's second-largest provider of ticketing solutions and the no. 1 in Europe. Through online shops and sales systems, the company has a presence in over 20 countries. CTS EVENTIM was the exclusive ticketing partner for the Olympic Games in 2006, 2014, and 2016, the 2006 FIFA World Cup, and many other major international sporting events. 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.de

Investor Relations: Marco Haeckermann Vice President Corporate Development & Strategy Tel.: +49,421.3666.270 marco.haeckermann@eventim.de

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2021-09-24 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

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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:  1235802 
 
End of News   DGAP News Service 
=------------ 

1235802 2021-09-24

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1235802&application_name=news

(END) Dow Jones Newswires

September 24, 2021 06:24 ET (10:24 GMT)

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Sales 2021 479 M 557 M 557 M
Net income 2021 3,96 M 4,60 M 4,60 M
Net cash 2021 335 M 390 M 390 M
P/E ratio 2021 1 576x
Yield 2021 0,08%
Capitalization 6 234 M 7 259 M 7 248 M
EV / Sales 2021 12,3x
EV / Sales 2022 4,86x
Nbr of Employees 2 216
Free-Float 61,2%
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CTS Eventim AG & Co. KGaA Technical Analysis Chart | EVD | DE0005470306 | MarketScreener
Technical analysis trends CTS EVENTIM AG & CO. KGAA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 64,94 €
Average target price 61,42 €
Spread / Average Target -5,43%
EPS Revisions
Managers and Directors
Klaus-Peter Schulenberg Chief Executive Officer
Andreas Grandinger Chief Financial Officer
Bernd Kundrun Chairman-Supervisory Board
Christian Alexander Ruoff Chief Operating Officer
Jobst W. Plog Vice Chairman-Supervisory Board
Sector and Competitors