CTS Eventim achieves “almost balanced” EBITDA

In the midst of the coronavirus pandemic, CTS Eventim has achieved an “almost balanced” EBITDA (earnings before interest, taxes, depreciation and amortisation), according to the company’s half-year earnings report.

The German entertainment conglomerate, which owns promoters including Barracuda and FKP Scorpio, has managed to cap its losses in the first half of 2020 to €2.7 million, thanks to “rigorous measures to minimise costs and boost efficiency”.

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In the second quarter of 2020, its group revenue was 96.6 percent lower year-on-year, at…

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