United States

CTS Eventim FY normalised group EBITDA up 7.4 pct to EUR 194.5 mln

Thursday, 16 Feb 2017 08:36am EST 

CTS Eventim AG & Co. KGaA : Live Entertainment's expected drop in sales and EBITDA was compensated by a strong performance of Ticketing in 2016 . Development of both segments meant that in FY total CTS Group revenue was almost unchanged at 829.9 million euros ($883.26 million) (prior year: 834.2 million euros) . FY normalised group EBITDA climbed 7.4 percent to 194.5 million euros (prior year: 181.0 million euros) . In current fiscal year, CTS Group will maintain its growth focus .CTS management will continue to scrutinise inorganic growth opportunities. Management expects rigorous implementation of this strategy to result in growth fiscal year 2017. 

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0.21 +0.57%
17 Nov 2017