CTS Eventim AG & Co. KGaA : Roadshow feedback – Strong momentum in the live event industry
>Raising estimates and TP, Outperform rating maintained - Last week, we were on roadshow in Scandinavia with Stefan Pflug (Investor Relations / Corporate Development & Strategy). Major messages are: 1/ There are no signs of a sudden slowdown of demand for Live Events. 2/ CTS is now the number 1 in France and the US could be an interesting market going forward. 3/ Access to content is key and implies a moat to new entrants in this category. 4/ The trend towards mobile...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.
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