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BRIEF-CTS Eventim FY normalised group EBITDA up 7.4 pct to EUR 194.5 mln
February 16, 2017 / 1:49 PM / 7 months ago

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

Feb 16 (Reuters) - 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 Source text for Eikon: Further company coverage: ($1 = 0.9396 euros) (Gdynia Newsroom)

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