Latest news with #CTSEventimAG&Co.KGaA
Business Insider
25-05-2025
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: Verisk Analytics (VRSK), CTS Eventim AG & Co. KGaA (GB:0EEE) and GVS S.p.A (Frankfurt: DE:4YQ)
Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Verisk Analytics (VRSK – Research Report), CTS Eventim AG & Co. KGaA (GB:0EEE – Research Report) and GVS S.p.A (DE:4YQ – Research Report). Confident Investing Starts Here: Verisk Analytics (VRSK) In a report issued on May 8, Jeffrey Silber from BMO Capital reiterated a Hold rating on Verisk Analytics, with a price target of $317.00. The company's shares closed last Friday at $313.77. According to Silber is a 5-star analyst with an average return of 9.2% and a 60.2% success rate. Silber covers the Industrial Goods sector, focusing on stocks such as First Advantage, ManpowerGroup, and Robert Half. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verisk Analytics with a $317.75 average price target, implying a 1.6% upside from current levels. In a report issued on May 8, Barclays also maintained a Hold rating on the stock with a $310.00 price target. CTS Eventim AG & Co. KGaA (GB:0EEE) In a report issued on May 22, Craig Abbott from Kepler Capital maintained a Buy rating on CTS Eventim AG & Co. KGaA, with a price target of EUR116.00. The company's shares closed last Friday at EUR106.60, close to its 52-week high of EUR107.35. According to Abbott is ranked #1461 out of 9562 analysts. The word on The Street in general, suggests a Strong Buy analyst consensus rating for CTS Eventim AG & Co. KGaA with an EUR115.90 average price target, which is a 10.3% upside from current levels. In a report issued on May 22, Jefferies also initiated coverage with a Buy rating on the stock with a EUR127.00 price target. Kepler Capital analyst Matteo Bonizzoni maintained a Buy rating on GVS S.p.A on May 22 and set a price target of EUR6.50. The company's shares closed last Friday at EUR4.17, close to its 52-week low of EUR3.72.
Yahoo
23-05-2025
- Business
- Yahoo
CTS Eventim AG & Co. KGaA (CEVMF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth ...
Revenue: Just under EUR500 million, an increase of 22% year-over-year. Adjusted EBITDA: Just over EUR100 million, same as normal EBITDA for the quarter. Retail Tickets Sold: Increased by 42%, with stronger growth outside Germany (up 71%). Gross Transaction Volume (GTV): EUR8.2 billion, a 7.2% increase versus the last 12 months. EBITDA: EUR100.3 million, nearly EUR40 million higher than last year, a 9% increase. Earnings Before Tax (EBT): EUR72 million, EUR23 million lower than last year. Ticketing Revenue: EUR214 million, a growth of 17% year-over-year. Live Entertainment Revenue: Highest ever for the first quarter, driven by organic growth. Warning! GuruFocus has detected 5 Warning Signs with BOG:BOGOTA. Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. 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. Q: Your main global competitor is involved in a possible venue in the south of Germany. What are your thoughts on this? A: We are aware that Live Nation is partnering with someone to build an arena in Munich, but there is no exclusivity or final agreement yet. Live Nation is heavily involved in global venue development, planning to invest over EUR4 billion by 2030. Q: How are France Billet and See Tickets performing post-acquisition, and what are the integration costs? A: We are satisfied with the acquisitions, though integration involves significant work and costs. Integration costs are expected to continue throughout the year, with some spillover into next year. France Billet is further along in integration compared to See Tickets. Q: Can you provide an update on free cash flow and working capital headwinds? A: The free cash flow burn is due to normal seasonality, where cash from early ticket sales in Q3 and Q4 is paid out as shows occur. We remain confident in our full-year guidance, expecting stronger performance in the second half. Q: What are your expectations for the financial results and tax rate for the full year? A: Financial results are influenced by exchange rates, particularly the US dollar. We expect a low to mid-size two-digit number for financial results. The effective tax rate was 34% for the quarter, driven by technical effects, and we will provide more details offline. Q: What is the outlook for ticketing margins and growth? A: Ticketing margins were diluted by the integration of France Billet and See Tickets, but we expect synergies to improve margins over time. Organic growth in ticketing was around 6-7% after adjusting for acquisitions and blockbusters from the previous year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
CTS Eventim AG & Co. KGaA (CEVMF) (FY 2024) Earnings Call Highlights: Record Revenue and ...
Revenue Growth: Increased by 19.1% in 2024. Adjusted EBITDA Growth: Rose by almost 22% year on year. EBIT Growth: Increased by 9.5% year on year. Online Ticket Sales: Increased by almost 25% without See Tickets numbers. Tickets Sold Outside Germany: Grew by 29.2% year on year. Dividend Proposal: EUR1.66 per share, a record dividend. EBITDA Margin: Increased to 19.3%. Q4 Revenue Growth: Up 29% year on year. Q4 Adjusted EBITDA Growth: Increased by 40% year on year. Q4 EBITDA Margin: 28.1%. Ticketing Revenue: EUR880 million for the year, with EUR315 million in Q4. Adjusted EBITDA for Ticketing: EUR417 million for the year, with EUR176 million in Q4. Retail Tickets Sold: 147 million in 2024, including See Tickets. Gross Transaction Value (GTV): EUR7.7 billion in 2024. Live Entertainment Revenue: Nearly EUR2 billion, with EUR477 million in Q4. Live Entertainment Adjusted EBITDA: EUR126 million for the year, with EUR44 million in Q4. Venue Operations Profit: Slightly more than EUR50 million, with an EBITDA margin of around 50%. Greenhouse Gas Emissions: Approximately 1.4 million tonnes of CO2 in 2024. Warning! GuruFocus has detected 2 Warning Sign with STU:IRV. Release Date: March 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CTS Eventim AG & Co. KGaA (CEVMF) reported strong double-digit growth in both revenues and EBITDA for 2024, driven by all elements of their value chain including Ticketing, Live Entertainment, and Venue Management. The company proposed a record dividend of EUR1.66 per share, continuing their policy of distributing 50% of reported group net profit. The acquisition of See Tickets and the consolidation of France Billet have strengthened CTS Eventim's market position, particularly in the UK, US, and France. Online ticket sales increased by almost 25%, with significant growth in international markets, indicating strong global demand. The company introduced a new metric, Gross Transaction Value (GTV), which increased from EUR5.6 billion in 2023 to EUR7.7 billion in 2024, reflecting higher average ticket prices and fees. EBIT growth was only 9.5% due to non-recurring effects from the previous year, such as compensation settlements and corona-related compensations. Despite strong overall performance, the company remains cautious about the Live Entertainment segment due to ongoing cost pressures and a high basis from the previous year. The US market showed flat revenue contribution, indicating challenges in expanding their presence despite efforts and resources allocated. Mobile ticket penetration remains low at around 8%, limiting potential monetization opportunities through direct consumer engagement. The financial results have been volatile over the past few years, with uncertainties in predicting future financial income and expenses. Q: Did the online tickets for 2024 include France Billet for December? A: Yes, we did. - Marco Haeckermann, Vice President - Corporate Development and Strategy Q: How does the agenda look for Q1, considering major events like Lady Gaga and Adele? A: Last year, we had major onsales like ACDC and Adele. This year, we have many mid-sized onsales but nothing that spikes out. It will be a good quarter, but not as standout as last year. - Holger Hohrein, Group Chief Financial Officer Q: Is CTS Eventim focusing more on venues, and can we expect more venue developments like the Vienna and Milan Arenas? A: Owning venues is not a primary objective. We may develop and operate venues when opportunities arise, but it's not a shift in our business model. - Holger Hohrein, Group Chief Financial Officer Q: What are your thoughts on StubHub's IPO and its potential impact on the European market? A: The secondary market in Europe is quite regulated, unlike the US. We don't see any imminent risk from StubHub's IPO affecting us in Europe. - Marco Haeckermann, Vice President - Corporate Development and Strategy Q: Can you provide some numbers on France Billet and the synergies expected from the acquisition? A: We see room for synergies, potentially improving the EBITDA margin by around 10 percentage points compared to the segment average. - Holger Hohrein, Group Chief Financial Officer Q: What is the current share of mobile tickets, and what are the financial implications of higher mobile penetration? A: The mobile share is around 8%. Increased mobile penetration would allow direct access to ticket holders, offering better customization and potentially reducing costs. - Holger Hohrein, Group Chief Financial Officer Q: What is the growth plan for the US market, and why hasn't it grown significantly in 2024? A: We are focusing more on Ticketing in the US. The content side is well-positioned, and the focus will be on profitability and economies of scale. - Marco Haeckermann, Vice President - Corporate Development and Strategy Q: What is the outlook for 2025, and what does "moderate" growth mean? A: Moderate growth means an internal increase of between 5% to 15%. We aim for EUR3 billion in revenues and EUR600 million in EBITDA by the end of the year. - Holger Hohrein, Group Chief Financial Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
