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CTS Eventim Withdraws 2020 Outlook

CTS Eventim AG & Co said that it has withdrawn its fiscal year 2020 outlook, due to the current uncertainties surrounding the further development of the Corona crisis and its impacts.

In the 2019 Annual Report published in March 2020, the Management Board was still expecting a further improvement in the business performance of the Ticketing segment due to continuous expansion of Internet ticketing operations and progressive internationalisation. However, the statements regarding the future outlook were made without considering the negative effects of the COVID-19 epidemic on the future growth of the two segments and the CTS Group.

In many European countries, no events are currently being held due to government orders.

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