DGAP-News: CTS EVENTIM acquires See Tickets Germany GmbH/Ticket Online Group and concludes exclusive ticketing agreement with Stage Entertainment Germany
(firmenpresse) - CTS Eventim AG / Acquisition
06.07.2010 12:47
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Press release
CTS EVENTIM acquires See Tickets Germany GmbH/Ticket Online Group and
concludes exclusive ticketing agreement with Stage Entertainment Germany
Further substantial expansion of market leadership in Europe / 100%
takeover of See Tickets Germany GmbH / EUR 40.2 million in revenue and more
than 20 million tickets / CTS EVENTIM now at over 100 million tickets a
year / New 12-year contract provides exclusive access to attractive content
of musical productions group Stage Entertainment Germany
Munich, 6 July 2010. CTS EVENTIM AG, listed on the SDAX exchange (ISIN
DE0005470306), is pressing further ahead with its successful expansion
programme and is acquiring 100% of Hamburg-based See Tickets Germany GmbH /
Ticket Online Group. The share purchase agreement and a 12-year exclusive
ticketing contract with Stage Entertainment Germany were signed today. 'By
making this acquisition, the company is continuing its successful strategy
of European expansion. This will further extend our lead on the competition
in our core business and adds a number of valuable new events to our
musicals segment. This, too, will increase shareholder value on a sustained
and long-term basis', commented Klaus-Peter Schulenberg, CEO of CTS
EVENTIM. See Tickets Germany was a member company of See Tickets
International BV in Amsterdam, 40% of which belonges to Stage Entertainment
BV and 60% of which is held by Parcom, a private-equity group. By acquiring
See Tickets Germany, CTS EVENTIM is simultaneously taking over Ticket
Online Software GmbH, Ticket Online Sales&Service Center GmbH and Ticket
Online Polska Sp zoo, Poland. The purchase price is EUR 145 million. In the
fiscal year 2008/2009 (1.08. - 31.07.), the group generated EUR 40.2
million in revenue, a normalised EBITDA of EUR 15.4 million (after
correction for revenue effects due to currently agreed conditions) and a
reported EBITDA of EUR 13.7 million. In addition to further enhancement of
its market leadership and securing an attractive programme of events, the
acquisition provides CTS EVENTIM with substantial synergies, currently
estimated at more than EUR 15 million per annum in cost savings, primarily
as a result of scale effects in ticketing operations.
See Tickets Germany: 20 million tickets a year
See Tickets Germany sells more than 20 million tickets a year. The company
has its head office in Hamburg, as well as regional offices in Berlin,
Brunswick, Dortmund, Frankfurt am Main and Munich. Its range of events
mainly comprises musicals and cultural events. Tickets are sold not only
via the Internet portal at www.ticketonline.com, but also through many
partner websites, ticket outlets, travel agencies and hotels.
Partnership agreement brings attractive musicals to CTS EVENTIM
By making this acquisition, CTS EVENTIM has also secured ticketing access
to the attractive musical productions of Stage Entertainment, which has
produced worldwide successes such as 'The Lion King', 'Mamma Mia', 'Tarzan'
and 'Holiday on Ice'. CTS EVENTIM has concluded a new and exclusive
twelve-year contract with Stage Entertainment. 'In future, the attractive
musicals produced by Stage Entertainment will also be offered via the sales
channels of the EVENTIM Group', says Schulenberg.
CTS EVENTIM achieves sustained upward growth in revenue and earnings
CTS EVENTIM is Europe's market leader in ticketing and one of the leading
providers of Live Entertainment. So far, more than 80 million tickets for
well over 100,000 events have been sold annually in 20 European countries
using systems developed and marketed by the EVENTIM Group. In addition to
more than 8,000 stationary ticket outlets throughout Europe, sales via the
Internet and especially via the www.eventim.de and www.getgo.de portals are
gaining increasing importance.
In the current 2010 business year, CTS EVENTIM has already acquired the
Swiss Ticketcorner Group and on 1 February launched ticket sales in Great
Britain through its own national subsidiary. For the 2010 business year,
the Management Board expects the Group 'to progress well and to achieve a
further improvement in revenue and earnings'.
For further information contact:
Engel&Zimmermann AG, Business Communication Agency
Hermann Zimmermann, Dr. Alexander Baer Tel. +49 89 8935-633
info(at)engel-zimmermann.de
06.07.2010 12:47 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: CTS Eventim AG
Dingolfinger Str. 6
81673 München
Deutschland
Phone: 0421/ 3666-233
Fax: 0421/ 3666-290
E-mail: claudia.aderhold(at)eventim.de
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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