Three-Month Report 01.01
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Three-Month Report 01.01. - 31.03.2001 Corporate structure of CTS EVENTIM AG and its subsidiaries >> Status: 31.03.2001rt CTS EVENTIM AG 100.0% 80.0% GSO Holding GmbH, Vierte Herrengraben 31 89.9% Medusa Beteiligungsverwal- Hamburg Verwaltungsgesellschaft mbH, tungs-Gesellschaft Nr.52 mbH, Hamburg Frankfurt /M. 100.0% GSO Gesellschaft für Software- entwicklung und Organsation Marek Lieberberg Konzertagentur 100.0% Marek Lieberberg Konzertagentur 51.0% mbH & Co. KG, Schwegenheim GmbH & Co. KG, Frankfurt/M. Holding GmbH, Frankfurt/M. 100.0% 100.0% GSO Verwaltungsgesellschaft Marek Lieberberg Konzert- mbH, Schwegenheim agentur Verwaltungs GmbH, Frankfurt/M. 75.0% Ticket Express Ges. zur Herstell- ung und zum Vertrieb elektroni- Peter Rieger Konzertagentur 100.0% Peter Rieger Konzertagentur 60.0% scher Eintrittskarten mbH, Vienna GmbH & Co. KG, Cologne Holding GmbH, Cologne 100.0% 66.6% CTS Computer Ticket Service Peter Rieger Konzertagentur Semmel Concerts Veranstaltungs- 50.2% Betriebsgesellschaft mbH, Berlin Verwaltungs GmbH, Cologne service GmbH, Bayreuth 100.0% eventim Online Holding GmbH, Scorpio Konzertproduktionen 50.2% Bremen GmbH, Hamburg 50.2% 50.2% 50.2% ARGO Klassik GmbH, ARGO Concerts GmbH, ARGO Konzerte Nürnberg Würzburg Würzburg GmbH, Nuremberg Key figures >> as at 31.03.2001 CTS EVENTIM Aktiengesellschaft, Munich 31.03.2001 31.03.2000* // TDM // TDM Sales 51,936 7,496 Gross return on sales 7,577 2,527 Personnel expenses 5,234 2,399 Operating profit before depreciation // EBITDA 855 – 1,535 Depreciation 3,234 1,184 Operating profit // EBIT – 2,379 – 2,719 Profit/loss from ordinary business operations // EBT 1,111 – 2,569 Consolidated net income/loss 862 – 1,394 Cash flow 462 – 1,386 DM DM Earnings per share** 0,07 – 0,12 Qty. Qty. Number of employees*** 290 149 of whom temporary 53 32 * Excluding Live Entertainment segment. ** Number of shares: 12 million. *** Number of employees at end of quarter (active workforce). Foreword Dear shareholders, employees and friends, our market position at regional, national and international level. There are recurrent situations in which a company such as ours We now have better access to top international artists and can deliver proof that it can lay claim to the title of ‘market hence the additional opportunity of managing the ticketing leader in the industry’. An example of such a situation is the operation for tours outside Germany. In the first quarter of 2001, new world tour of superstar Madonna. In mid-April, our concert we also succeeded in expanding our regional customer basis for agency subsidiary in Frankfurt, Marek Lieberberg, succeeded ticketing services – our takeover of TSC (Ticket & Touristik- in clinching the deal to manage all the concerts given in Service-Center) GmbH, a ‘big player’ among regional ticketing Germany by the pop queen; CTS will be responsible for the agencies, demonstrates the continuity and vigour of CTS, entire ticketing operation. This is yet another demonstration of and marks an important step forwards in consolidating and the leading role now played by CTS EVENTIM AG within the expanding upon our market leadership. entertainment industry. There were other outstanding examples in the first quarter, with Marek Lieberberg signing contracts _CTS EVENTIM – a multi-channel player CTS has established worth more than DM 100 million in total. Its top stars this year a name for itself as a ‘multi-channel player’. Today, CTS cus- included the magician David Copperfield, Sting, Bon Jovi and tomers can buy tickets on all distribution channels ranging Depeche Mode. Many of the concerts on Depeche Mode’s latest from box offices to call centres to the Internet. The Internet tour of Germany were sold out within only a few hours. ‘Lord is proving to be one of the most promising sales channels. of the Dance’, the spectacular dance show, as well as the A current example is provided by the Madonna tour – about ‘Rock am Ring’ and ‘Rock im Park’ open-air festivals have been 40 per cent of all tickets exclusively marketed by CTS for the attracting huge audiences. Madonna concerts in June 2001 were sold over the Internet. This resounding success marks the final breakthrough for the _Ticketing and Entertainment – regional, national and inter- CTS Internet platform. Furthermore, our alliances with other national Tickets and Live Entertainment – this is the basis big-name companies are helping us to achieve sustained accept- for the success our company enjoys. Our business is to sell ance of this innovative sales medium. In the first three months tickets and to manage the planning, organisation and execution of the year, CTS notched up further successes in the Ticketing of concerts, concert tours and open-air festivals. Our recent segment; a cooperation agreement with MTV online, a division of acquisitions – of the Marek Lieberberg, Peter Rieger, Semmel the MTV music broadcasting company in Munich, will have posi- Concerts, Scorpio and ARGO concert agencies – will reinforce tive impacts on CTS’s online presence. At www.mtvhome.de, CTS is selling tickets for all events in the CTS programme, thus optimistic that a good arrangement has been concluded with the becoming a partner for entertainment ticketing in the process. DFB in this respect as well. In addition, CTS is planning a nationwide network of regional _‘With the Mouse to the Event’ – nationwide promotion cam- online companies in collaboration with publishing houses. Under paign launched A promotion campaign with national coverage the umbrella of a new holding company, many regional enter- is aimed at positioning the EVENTIM brand name more firmly prises will be established in the months ahead. The first partner among consumers. Since March 2001, CTS has been presenting in this endeavour is the Rheinische Post publishing house in itself as the leisure scout for events of all kinds, headed by the Düsseldorf. Under these arrangements, publishers provide data claim ‘Your personal entertainer’. The key visual is a digitalised on regional events as well as promotion activities in their media. and life-like mouse that takes over the role of entertainer and In return, CTS provides the publishing houses with its entire personalised advisor for leisure activities. The campaign is being programme of events and infrastructure for marketing these conducted in print media, on television and on the Internet, and events. The range of services delivered by the online network is will increase market awareness for the EVENTIM brand. perfectly tailored to the needs of Internet customers – every user can receive personalised information on events by SMS, Dear shareholders, the CTS Group will make achieve another WAP or e-mail. major step forwards in the year 2001. The management board, management team and all employees are working to sustain the _Partnership with the German Football Association Football successes of last year. fans, too, have cause to be happy – the CTS subsidiary GSO Gesellschaft für Softwareentwicklung und Organisation mbH has Yours sincerely, extended its partnership with the German Football Association (Deutscher Fußball-Bund – DFB) until the year 2003. This means that, over the next three years as well, tickets for international football matches can be purchased through CTS box offices, call centres and on the Internet at www.fussball-tickets.de and www.eventim.de. The World Cup in 2006 here in Germany can Klaus-Peter Schulenberg therefore be looked forward to with great anticipation – we are Chairman of the Management Board, CTS EVENTIM AG Financial report _Group development: further expansion of the ment (before consolidation of DM –0.5 million Live Entertainment segment With the acquisition between the segments) were DM 8.6 million and of a 50.2 per cent holding in the individual com- DM 43.8 million in the Ticketing and Live Enter- panies of the ARGO Group (ARGO Concerts GmbH, tainment segments respectively. Würzburg, ARGO Konzerte Nürnberg GmbH, Nuremberg and ARGO Klassik GmbH, Würzburg), Due to seasonal fluctuations in the events sector, the Live Entertainment segment created in the 2000 sales in the first two quarters are traditionally business year by acquiring Marek Lieberberg Kon- much lower than in the two strong quarters of the zertagentur GmbH & Co. KG, Peter Rieger Konzert- second half year. The Live Entertainment segment agentur GmbH & Co. KG, Semmel Concerts Veran- is nevertheless showing good business growth staltungsservice GmbH and Scorpio Konzertpro- as a result of the ‘Lord of the Dance’ shows, the duktionen GmbH was expanded still further in the Roger Whittaker tour almost selling out, and suc- first quarter of 2001. The shares in the various cessful execution of many local events. ARGO companies were brought into the events holding against the issue of new shares by virtue In the Ticketing segment, the CTS Group increased of the notarial deeds recorded on 05.01.2001. The its sales by DM 1.1 million (14.7 per cent) compared ARGO Group was included in consolidation in the to the same quarter of 2000, from DM 7.5 million first quarter of 2001. As part of the planned estab- to DM 8.6 million. In addition to this robust growth lishment of regional online companies in partner- in the core business through box offices, continued ship with publishing houses (e.g. collaboration with growth in the volume of Internet sales was another the Rheinische Post), a new company by the name factor contributing to sales growth. of eventim Online Holding GmbH, Bremen was founded by notarial deed on 26.02.2001. _Internet In the first quarter of 2001, Internet sales were increased by 111 per cent relative to the _Sales: strong growth to DM 51.9 million Sales previous year. Internet sales account for approx. were increased by almost 600 per cent relative to 7 per cent of total sales (previous year: 4 per cent). the same period last year from DM 7.5 million to In the year to 31.03.01, the total number of visits DM 51.9 million as at 31.03.2001.