Q1 2025 CTS Eventim AG & Co KgaA Earnings Call Transcript
Key Points
- CTS Eventim AG & Co. KGaA (CEVMF) reported a 22% increase in revenue, reaching just under EUR500 million for Q1 2025.
- The company achieved a 42% increase in the number of retail tickets sold, with international markets showing a 71% growth.
- The gross transaction volume (GTV) increased to EUR8.2 billion, marking a 7.2% rise over the last 12 months.
- The live entertainment segment experienced its highest revenue for a first quarter, driven by organic growth.
- CTS Eventim AG & Co. KGaA (CEVMF) confirmed its full-year guidance, indicating confidence in meeting its financial targets for 2025.
- Earnings before tax decreased by EUR23 million compared to the previous year, primarily due to a EUR40 million fixed effect in financial results.
- The EBITDA margin was slightly lower than the previous year, affected by integration costs from recent acquisitions.
- The company faced a lower interest income due to the changed interest rate environment.
- There were higher financial expenses in Q1 2025, amounting to around EUR14 million.
- The effective tax rate was 34% for the quarter, which was higher than expected.
Thank you very much. Hello, this is Marco Haeckermann. Welcome to today's Q1 earnings call with CTS Eventim. You have Holger Hohrein, CFO on the call, and myself. Holger will now start with presenting the Q1 financials, and after that we'll open the floor for Q&A.
With that everything being said, I'll hand over to Holger.
Thanks, Marco. Hello everyone. Let's start right away with the key takeaways for the first quarter. We have seen a solid performance in the Q -- we have solid performance in the first quarter, as expected. Nothing unusual in ticketing, of course, we have seen the growth primarily coming from the newly consolidated acquisitions. You're aware of that we have acquired See Tickets and France Billet last year, and for the first time we have them fully consolidated in the first quarter.
Also we have seen growth in existing business, slightly slight
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
