CTS Eventim AG & Co. KGaA : Roadshow feedback – M&A and higher margins going forward
>We confirm our Outperform rating with TP of € 72 - This week, we were on roadshow in London with Marco Haeckermann, Vice President Corporate Development & Strategy of CTS Eventim. Major messages include: 1/ M&A is likely to remain part of the company’s strategy. In terms of regions, an acquisition is more likely in the US or in the UK, while Asia is less likely. 2/ Ticket price inflation is c. 8-10% and could allow for higher fees per ticket which eventually should r...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.