- CTS Eventim’s normalized EBITDA for the third quarter reached €137.3 million, surpassing the estimated €131.3 million.
- The normalized EBITDA margin increased to 16.1%, compared to 14.6% from the same period last year.
- Revenue for the third quarter was €854.2 million, slightly below the estimated €859 million.
- The Executive Board remains confident about the Group’s performance, maintaining their forecast for 2025 as published in the 2024 Annual Report.
- Analyst ratings for CTS Eventim include 13 buy recommendations, 3 holds, and no sells.
Cts Eventim Ag & Co Kgaa on Smartkarma
Analysts at Baptista Research on Smartkarma have initiated coverage on Cts Eventim Ag & Co Kgaa. The research report titled “CTS EVENTIM: Initiation of Coverage- Will Surging Ticket Sales & Live Events Turbocharge Profits?” highlights the company’s solid financial performance in the first quarter. Revenue soared to approximately EUR 500 million, a 22% increase from the previous year, fueled by strategic acquisitions like See Tickets and France Billet. The overall market dynamics and organic growth within existing operations also played a crucial role in CTS EVENTIM’s impressive performance.
A look at Cts Eventim Ag & Co Kgaa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Cts Eventim Ag & Co Kgaa shows a positive long-term outlook. With strong scores in Growth and Resilience, the company is positioned well for expansion and to withstand market challenges. The solid Dividend score indicates a potential for good returns to shareholders. However, there is room for improvement in the Value and Momentum categories. Overall, Cts Eventim Ag & Co Kgaa presents a promising future outlook in the events ticketing industry.
CTS Eventim AG & Co. KGaA is a company that specializes in producing, selling, and distributing entry tickets for various events such as concerts, theater productions, and sporting events. Their online booking system allows event promoters to reach a wide audience through multiple distribution channels. With a focus on system support services and direct ticket sales, CTS plays a crucial role in facilitating access to various entertainment events for consumers.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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