DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): 9 Month figures 
CTS EVENTIM rigorously reinforces its future viability during the first nine 
months of 2020 
 
2020-11-19 / 07:30 
The issuer is solely responsible for the content of this announcement. 
 
*PRESS RELEASE 
 
CTS EVENTIM rigorously reinforces its future viability during the first nine 
months of 2020 * 
 
· Cost management mitigates impacts of lower revenue: normalised EBITDA at 
minus 17.7 million Euro 
 
· Solid financial foundation underpinned by around 800 million Euro in 
cash and cash equivalents 
 
· Focus on new technologies, partnerships and management personnel 
 
· Strategic partnerships concluded with European Handball Federation and 
first- and second-division Bundesliga clubs 
 
· Powerful software solutions for combatting the coronavirus pandemic 
 
· CEO Schulenberg: 'We are banking on our strengths in technology and 
industry know-how' 
 
Munich, 19 November 2020. New technologies, robust partnerships, strong 
leadership - CTS EVENTIM, one of the leading international providers of 
ticketing services and live entertainment, has used the first nine months of 
2020 to rigorously reinforce its future viability, in the midst of the 
coronavirus crisis. 'We have been convinced since the outbreak of the 
pandemic that the stresses imposed on our company must be seen as a trial of 
our strengths. That is the basis on which we act. There is no such thing as 
standstill', said Klaus-Peter Schulenberg, the CEO of CTS EVENTIM, on 
presentation of the performance figures for the first nine months of the 
2020 financial year. 
 
These show that Group revenues for the January to September 2020 period fell 
78.7 percent year-on-year to EUR 228.7 million (Q1-3/2019: EUR 1.074 
billion). Thanks to strict cost management and income from insurance 
compensation, the normalised EBITDA figure came in at EUR -17.7 million 
(Q1-3/2019: EUR 177.0 million). Group revenues in the third quarter of 2020 
were 92.0 percent lower year-on-year, at EUR 30.2 million (Q3/2019: EUR 
378.0 million). Normalised EBITDA amounted to EUR -15.0 million (Q3/2019: 
EUR 65.2 million). 
 
Revenue in the *Ticketing* segment for the first nine months of 2020 was 
65.1 percent lower year-on-year, at EUR 107.2 million (Q1-3/2019: EUR 306.9 
million). Normalised EBITDA fell year-on-year from EUR 119.2 million to EUR 
-12.7 million. In the third quarter of 2020, revenue fell 82.4 percent from 
EUR 106.6 million to EUR 18.7 million, while normalised EBITDA came in at 
EUR -11.3 million (Q3/2019: EUR 44.8 million). 
 
In the *Live Entertainment* segment, revenue in the first nine months of 
2020 was 83.7 percent lower year-on-year, at EUR 127,3 million (Q1-3/2019: 
EUR 781.4 million). Normalised EBITDA amounted to EUR -5.1 million 
(Q1-3/2019: EUR 57.8 million). This includes EUR 43.3 million in income from 
insurance compensation. In the third quarter of 2020, revenues fell 95.5 
percent from EUR 276.9 million to EUR 12.4 million. Normalised EBITDA was 
EUR -3.7 million (Q3/2019: EUR 20.4 million). 
 
CTS EVENTIM responded promptly to the pandemic by adjusting its cost 
structure and boosting its efficiency to save a double-digit million figure. 
Investments were also reduced to a minimum. In key European markets, CTS 
EVENTIM is safeguarding further liquidity by implementing promoter voucher 
schemes. As per 30 September 2020, total cash and cash equivalents amounted 
to EUR 798.7 million. 
 
In spring 2020, bans and conditions imposed by government authorities 
largely put a stop to live entertainment in Germany and on all international 
markets. It is currently unforeseeable when major events can restart to a 
normal degree. 
 
'In the midst of this crisis, especially, we continue to bank on our 
strengths, namely technology and industry know-how. This is how we continue 
to convince our customers both new and existing', Klaus-Peter Schulenberg 
emphasises. 
 
As an example, CTS EVENTIM and the European Handball Federation (EHF) 
concluded a far-reaching strategic partnership that makes CTS EVENTIM the 
official ticketing partner for the 2022 and 2024 European Handball 
Championships. Following Europe-wide competitive bidding, technologies, 
marketing strength and expertise were the decisive factors for awarding the 
contract. For the EHF, the partnership marks another milestone in its 
digitalisation strategy. 
 
EVENTIM Sports, the specialist for the sports market, also inked long-term 
partnership deals for ticketing and other services with two traditional 
football clubs - Werder Bremen and Hannover 96. For their ticket sales, both 
clubs have put their faith in EVENTIM.Tixx, the intuitive software platform 
that can also be used on the move. These long-term partnerships also include 
extensive integration of ticketing into the IT systems of first- and 
second-division Bundesliga clubs. 
 
With its powerful and efficient software solutions, CTS EVENTIM also 
supports event promoters and audiences in the battle against the 
coronavirus. Specially engineered functions help users comply with statutory 
requirements at events and protect the health of visitors. Maintaining 
minimum distancing and logging visitor data are the prime focus. 
 
As from January 2021, Matt Schwarz, former Chief Operating Officer and 
Managing Director of Live Nation GSA, and CTS EVENTIM will be joining 
forces. Schwarz will then take command of eventimpresents (formerly the 
Marek Lieberberg Konzertagentur), the organiser of the long-established 
'Rock am Ring' and 'Rock im Park' festivals. For EVENTIM LIVE, CTS EVENTIM's 
unified promoter network, Matt Schwarz will focus in particular on acquiring 
attractive national and international tours and shows. 
 
*Outlook for 2020* 
Given the major uncertainties that continue to surround the future course of 
the coronavirus crisis and its impacts on the 2020 financial year, the 
management is still of the opinion that it is impossible to provide a 
definite forecast for the year as a whole. It was for that reason that it 
withdrew its forecast for the 2020 financial year as early as 3 April 2020. 
As was communicated at that time, the Management Board expects revenue and 
earnings in 2020 to be significantly lower year-on-year in the Ticketing and 
Live Entertainment segments. 
 
The quarterly Group report on business performance in the first nine 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. 
 
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 
 
2020-11-19 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. 
 
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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: 1149240 
 
End of News DGAP News Service 
 
1149240 2020-11-19 
 
 

(END) Dow Jones Newswires

November 19, 2020 01:30 ET (06:30 GMT)