Eventim Expects To Break Records

CTS Eventim reckons 2013 will be a record-breaking year as the European ticketing giant sold nearly 24 million tickets online. 

Photo: eventim.com

The company shifted 23.8 million, 16 percent up on the 20.6 million from the previous year.

The final figures will be announced at the end of the month, but the preliminary results filed Feb. 25 say the German-based group’s revenues are up 20.8 percent to euro 628.3 million ($864 million) and earnings before interest, tax, depreciation and amortization are up 15.4 percent to euro 136.3 million ($187.4 million).

Despite tripping up in the UK and the subsequent legal battle with Live Nation, over the last few years Eventim has enjoyed significant and apparently sustainable growth.

The announcement of the latest figures nudged up the share price to a little shy of euro 44 ($60.5).

The management board will announce its dividend proposal for the past financial year when the annual report is published at the end of March 2014.

The ticketing sector’s earnings before interest, tax depreciation and amortization came out at euro 104.3 million ($143.4 million), while the live entertainment sector – or the Medusa Group promoters – brought in euro 32 million ($44 million).