CTS EVENTIM AG & Co. KGaA announced earnings results for the nine months of fiscal 2016. the company reported revenue of EUR 576.2 million versus EUR 577.5 million in previous years period. Despite temporary earnings pressure and a guided decline in Live Entertainment EBITDA, normalized Group EBITDA slightly increased to EUR 107.7 million as compared to EUR 107.2 million last year due to an undisputed growth dynamic in online ticketing.

The CTS Management continues to expect a solid business development in fiscal year 2016. On the back of continuous product and service expansions, ongoing internationalization and consequent execution of the E-commerce strategy, CTS Group is perfectly positioned to take advantage of given opportunities in order to realize mid- and long-term profitable growth.