Cts Eventim Ag & Co Kgaa (CEVMF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening to everybody, and good morning to our participants from the United States. Welcome to CDS Eventim's earnings call for the first quarter of 2026. Thank you very much for joining, and I sincerely hope that you can understand me well. I'm Roland Wilms, as mentioned, Chief Financial Officer of CDS Eventim, and I'm delighted to take you through our first quarter results today. On my side is Marco Heckermann, our Vice President, Investor Relations and Corporate Development and Strategy. Hello, everyone. Before we dive into the details, please allow me a brief word on the structure of the call. As usual, today we will focus exclusively on our Q1 2026 financial results and performance. I will walk you through the headline numbers, segment results, and certain P&L drivers. And at the end of the presentation, we will be happy to open the floor for your questions. Let me start with the headline KPIs for Q1 2026. In summary, we keep on growing. Group revenue came in at Euro 630 million, up 23% versus Q1 2025. This reflects a robust start into the year. Adjusted EBITDA grew by 18.5% to Euro 119 million. And our EBIT grew by 23.7%, benefiting from the operational leverage of our platform. On retail ticket volume, we recorded 39 million tickets broadly on prior year level. The slight decline reflects an effect on our business, and I will dive into this later in more detail. GTV grew by 3.3% on a last 12-month basis, reflecting continued platform scale. And EPS for the quarter stood at Euro 0.66, up 0.18 versus Q1 2025. Again, a positive development. The first quarter of 2026 demonstrates that we are continuing our course of profitable growth. And the start of 2026 is worth mentioning, was within our expectations. The next slide shows the historical Q1 trend with consis...