DGAP-Adhoc: CTS EVENTIM AG & Co. KGaA to receive coronavirus-related subsidies for 2021

2022. február 23., szerda, 18:00





DGAP-Ad-hoc: CTS Eventim AG & Co. KGaA / Key word(s): Miscellaneous


CTS EVENTIM AG & Co. KGaA to receive coronavirus-related subsidies for 2021


23-Feb-2022 / 18:00 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Ad-hoc announcement


Public disclosure of inside information in accordance with article 17 of Regulation (EU) No. 596/2014 (Market Abuse Regulation)



CTS EVENTIM AG & Co. KGaA to receive coronavirus-related subsidies for 2021



Munich, February 23, 2022. CTS EVENTIM AG & Co. KGaA has today received confirmation that it is to be granted discretionary financial payments from the German federal government under the coronavirus-related 2021 subsidy programme ("Überbrückungshilfe III"). The payments to CTS EVENTIM AG & Co. KGaA of EUR 36 million will strengthen the Company"s liquidity and will be included in its earnings for 2021. The payments are subject to a final review as part of the final settlement. Notice of approval is still pending for further discretionary financial payments of EUR 10 million relating to 2021 that the Company has applied for under the coronavirus-related 2021 subsidy programme ("Überbrückungshilfe III Plus").



About CTS EVENTIM

CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. Before the outbreak of the coronavirus pandemic, around 250 million tickets per annum were marketed using the company"s systems - be it through stationary box offices, online or from mobile terminals. Its online portals operate under brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it and entradas.com. The EVENTIM Group also includes many concert, tour and festival promoter companies for events like "Rock am Ring", "Rock im Park", "Hurricane", "Southside" and "Lucca Summer". In addition, some of Europe"s most renowned venues are operated by CTS EVENTIM, for example the LANXESS Arena in Cologne, the K.B. Hallen in Copenhagen, the Waldbühne in Berlin and the EVENTIM Apollo in London. CTS Eventim AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is currently a member of the MDAX segment. In a situation dominated by extensive bans and restrictions on events as a result of the coronavirus pandemic, the Group generated revenue totalling EUR 256.8 million in 21 countries in 2020, after more than EUR 1.4 billion the year before.

 



For further information, please contact:



Head of Corporate Communications:

Frank Brandmaier

Tel.: +49.40.380788.7299

frank.brandmaier@eventim.de



Investor Relations:

Marco Haeckermann

Vice President Corporate Development & Strategy

Tel.: +49.421.3666.270

marco.haeckermann@eventim.de











23-Feb-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: CTS Eventim AG & Co. KGaA

Rablstr. 26

81669 München

Germany
Phone: 0421/ 3666-0
Fax: 0421/ 3666-290
E-mail: info@eventim.de
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1286975





 
End of Announcement DGAP News Service




1286975  23-Feb-2022 CET/CEST







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