CTS Eventim AG & Co. KGaA : Good finish in 2021 and on the way to new record levels in 2022
>FY 2021 results above expectations supported by state aid - Yesterday morning, CTS Eventim reported better-than-expected FY 2021 results. Sales increased almost 60% y-o-y to € 408m which was above the consensus of € 391m and supported by a clear recovery across both segments in Q4. In Q4, the ticketing business already achieved 65% of the level seen in Q4 2019, while live entertainment was at 57%. The start of the US business was also successful (revenues of € 68m fo...CTS Eventim is a promoter of live music events in the market of live entertainment in Continental Europe. Co. operates in two segments: Ticketing, which is engaged in producing, selling, brokering, distributing and marketing tickets for concert, theatre, art, sports and other events in Germany and abroad, using data processing and data transmission technologies; and Live Entertainment, which is engaged in planning, preparing and executing tours and events, primarily music events and concerts, and marketing music productions. In its Live Entertainment segment, Co. operates in the German-speaking countries and also, through its Hammersmith Apollo Ltd. joint venture in Great Britain.
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