CTS Eventim AG & Co. KGaA : In recovery mode and on the way to new record results in 2023
>Recovery in the live event industry underway, CTS set to achieve new record sales and earnings in 2023 - Thanks to lifted lockdown restrictions, the live event industry is in recovery mode. Statements and numbers from CTS Eventim and Live Nation suggest that there is pent-up demand for live events from consumers and artists who are keen to return to the stage. At CTS, the ticketing segment (c. 80% of group EBITDA) is leading the recovery and live entertainment is 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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