CTS Eventim AG & Co. KGaA : Strong Q2, increased EBITDA outlook for FY 2024
>Over 20% increase in revenue and EBITDA - CTS Eventim this morning released strong Q2 2024 results. In Q2 2024, revenue increased 21% to € 794m (consensus: € 686m, ODDO BHF est.: € 687m), 16% above the consensus and with both segments contributing. The Ticketing business was up 29% and Live Entertainment sales grew 20%. Besides the traditionally strong home market of Germany, international business once again delivered significant growth in Q2. In Ticketing, three ou...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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