CTS Eventim

DGAP-News: CTS EVENTIM safeguards success of subsidiary Barracuda in midst of Austrian banking scandal

Friday, July 31, 2020 - 1:10pm

CTS EVENTIM, one of the leading international providers of ticketing services and live entertainment, is safeguarding the successful progress of its subsidiary Barracuda, Austria's biggest concert and festival promoter, against the backdrop of the scandal surrounding Commerzialbank Mattersburg, an Austrian bank.

Key Points: 
  • CTS EVENTIM, one of the leading international providers of ticketing services and live entertainment, is safeguarding the successful progress of its subsidiary Barracuda, Austria's biggest concert and festival promoter, against the backdrop of the scandal surrounding Commerzialbank Mattersburg, an Austrian bank.
  • Thanks to a comprehensive financing plan, the activities of the Barracuda Group are well protected, particularly its two flagship festivals, Nova Rock and Frequency.
  • CTS EVENTIM acquired a 71% stake in Barracuda Music at the start of this year.
  • 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.

DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM publishes first-quarter 2020 results - severe impacts on earnings due to COVID-19 pandemic

Wednesday, May 20, 2020 - 8:01am

DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Quarter Results

Key Points: 
  • DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Quarter Results
    CTS Eventim AG & Co. KGaA: CTS EVENTIM publishes first-quarter 2020 results - severe impacts on earnings due to COVID-19 pandemic
    The issuer is solely responsible for the content of this announcement.
  • CTS EVENTIM, one of the leading international providers of ticketing services and live entertainment, had a strong start to the 2020 financial year, but is now faced in March 2020 with severe impacts on revenue and earnings.
  • In the first quarter of 2020, this meant a 34.7% year-on-year drop in Group revenue to EUR 184.6 million (previous year: EUR 282.7 million).
  • 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.

DGAP-News: CTS Eventim AG & Co. KGaA: CTS EVENTIM welcomes federal government's resolution on voucher solution

Wednesday, April 8, 2020 - 1:06pm

DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Statement

Key Points: 
  • DGAP-News: CTS Eventim AG & Co. KGaA / Key word(s): Statement
    CTS Eventim AG & Co. KGaA: CTS EVENTIM welcomes federal government's resolution on voucher solution
    The issuer is solely responsible for the content of this announcement.
  • 'We welcome the initiative of the federal cabinet to enact a voucher scheme for cultural, concert, sports and leisure events.
  • Consumers are thus protected from what would otherwise be unavoidable losses due to insolvency', comments Klaus-Peter Schulenberg, CEO of CTS EVENTIM.
  • In consultation with promoters, CTS EVENTIM will now implement the stipulations in the federal government's voucher scheme resolution and will contact customers accordingly.