Jefferies analyst Martin Comtesse has maintained their bullish stance on 0EEE stock, giving a Buy rating today.
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Martin Comtesse has given his Buy rating due to a combination of factors indicating strong financial performance by CTS Eventim AG & Co. KGaA. The company reported robust preliminary fourth-quarter results, with sales reaching €2.8 billion in 2024, marking a 19% year-over-year increase and surpassing the FactSet consensus estimate by approximately 5%. Both the Ticketing and Live Entertainment segments were key drivers of this growth, showcasing their significant contribution to the company’s overall performance.
In the Ticketing segment alone, sales surged to approximately €880 million in 2024, a 23% increase from the previous year, accompanied by a 21% rise in adjusted EBITDA. This segment achieved a notable EBITDA margin of around 47%. Similarly, the Live Entertainment segment saw sales grow by 18% year-over-year to €2.0 billion, with a 24% increase in adjusted EBITDA. These impressive financial results underpin Martin Comtesse’s positive outlook and Buy rating for the company’s stock.
In another report released today, Bernstein also maintained a Buy rating on the stock with a €103.00 price target.