MUNICH (CelebrityAccess) – CTS EVENTIM ended the 2018 financial year with record-breaking revenues and earnings, according to the company’s preliminary financial reports released earlier today (Feb. 26).
Commenting on the news, Klaus-Peter Schulenberg, CEO of CTS EVENTIM, said: “Our financials show that we are able to further develop CTS EVENTIM from a position of strength. In Ticketing, we increased our growth momentum over the course of the year, and in Live Entertainment, we consolidated our leading role in Europe with well-attended tours and further acquisitions. By winning the contract for collecting the passenger vehicle toll in Germany, we also demonstrated that we can successfully transfer our existing competencies into new business areas.”
In the Ticketing segment, revenue rose – purely organically – by 6.9 percent to EUR 447.1 million (USD 337.8 million).
Recording an online ticket volume of 54.3 million (previous year: 48.9 million), CTS EVENTIM sold more than 50 million tickets via its own web shops for the first time ever in a single calendar year – a 10.9 percent increase over 2017. According to the company’s report, a good 20 million of this was accounted for by the fourth quarter alone, during which the Ticketing segment set further historical records with its highest quarterly revenue (EUR 170.5 million or USD 193.8 million) and normalized EBITDA (EUR 93.7 million or USD 106.5 million).
In the Live Entertainment segment, CTS EVENTIM recorded a significant revenue increase of 29.7 percent to EUR 812.5 million (USD 923.8 million). Besides acquisitions in Italy and Spain, various promoters from CTS EVENTIM’s existing portfolio contributed to this increase, with a higher number of especially well-attended and high-revenue tours compared to the previous year.
Further details on the outlook and the 2018 business performance will be published in the company’s Annual Report, which will be available online at www.eventim.de, in German and English, from 20 March 2019.