Stocks in Action: CTS Eventim, ST Micro, SFC Energy, Knorr-Bremse, Evonik
Reading Time: 4 minutes
Stock 1.) CTS Eventim - Ticketing specialist can further improve revenue and earnings, disappointing outlook leads to share crash! On Friday, the stock of CTS Eventim is under significant pressure. The ticket marketing firm surprised on Thursday evening with an unexpectedly strong revenue increase from €2.809 billion to €3.079 billion (consensus: €2.98 billion), while adjusted operating profit rose from €542.2 million to €584 million (€581.2 million). However, the consolidated net income reported a decline of -13% to €277.3 million,...
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