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German Ticketing and Live Events Company CTS Eventim Posts Record 2017 Revenues

German-based international ticketer and live events company CTS Eventim passed the €1 billion mark for the first time in its history, a landmark in an otherwise record-breaking year.

CTS Eventim, one of the leading international providers of ticketing services and live entertainment, released new sales figures for 2017, with a new landmark: Revenues rose by 24.6 percent year-over-year to €1.034 billion, the first time CTS Eventim has exceeded €1 billion in revenue. In a statement today (March 22), CEO Klaus-Peter Schulenburg attributed the growth to both the ticketing and live-entertainment segments of the company’s business.

“We are absolutely delighted that this [€1 billion] record is accompanied by a whole string of other positive developments,” Schulenburg said. “These include the growth of our online operations, our international expansion and the creation of new event formats like the New Horizons Festival for electronic and dance music at the Nürburgring in Germany.”

The group’s Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) also reached a new best-ever figure, rising 5.3 percent to €204.7 million from €194.5 million in 2016, thanks to a strong performance in ticketing. The normalized EBITDA margin came in at 19.8 percent from 23.4 percent in the prior year, while consolidated net income also broke a record set in the previous year increasing 19.3 percent to €112.8 million.

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In the ticketing segment, CTS Eventim notched a record year thanks to continued dynamic growth of its online businesses. Revenue increased by 5.9 percent to €418.4 million, up from €395.1 million in 2016. EBITDA climbed 6.8 percent to €178.6 million from €167.3 million, while the normalized EBITDA margin improved from 42.3 percent to 42.7 percent, mainly due to a further increase in the volume of online ticketing sales.

In 2017, CTS Eventim sold 48.9 million tickets to live music events through its digital and mobile sales channels, an increase of 11.9 percent on the year prior’s 43.7 million. This growth was both attributable to the company’s existing core markets and its new operations in Brazil and Scandinavia.

In total, more than 250 million tickets were sold in 2017 via the systems operated by CTS Eventim, including 100 million movie tickets. The other 150 million tickets were for more than 240,000 live events of all kinds. “This meant that CTS Eventim consolidated its position as one of Europe’s leading eCommerce providers,” Schulenberg commented. 

Revenue in the live entertainment sector rose significantly, improving 42.7 percent to reach €626.7 million, up from €439.2 million the year prior. The strong growth of FKP Scorpio and a greater number of tours and events attracting large audiences, among them the inaugural edition of the New Horizons festival, were key factors in this regard.