European E-Commerce development

E-commerce market
1
Contents
I.
Market information
II.
Company profiles
•2
European market
The Netherlands
The Netherlands are one of the most active countries in Europe on e-commerce, 71% of all consumers buy products online.
An important reason for the growth of the e-commerce market is the trust that consumers have in the security regarding payments. Just
7% of the Dutch population is worried about this financial security.
Europe
In Western Europe the e-commerce market is expected to grow with 11% per year in the coming four years. De turnover from online
retail in Western Europe in 2009 was equal to € 68bln. Most of the European markets are relatively immature, except for the UK market.
The average amount of spending per person in 2009 was equal to € 483,- p.p. This average spending is expected to rise to € 601,in 2014.
Although the e-commerce market is quite an international market, only 7% of all European consumers buy their products in webshops
in other EU-countries.
Source: http://www.webwinkelvakdagen.nl/nl/nieuws/Online_retail_Nederland_een_van_de_actiefste_van_Europa
http://www.forrester.com/rb/Research/western_european_online_retail_forecast,_2009_to/q/id/56543/t/2
http://ecommerceblog.nl/whats-crosschannel-retail/
Clipperton Finance
3
Worldwide market
The global e-commerce turnover is expected to grow by 19% in 2011 to $ 680bln and $ 963bln in 2013.
The number of people who buy online still increases. 38% buys at least once per month. The amount of people who don’t shop online at
all is declined to 12% in 2010 compared to 20% in 2007.
In the US the turnover in the e-commerce market is expected to rise with 10% per year the coming four years to $ 249bln. The expected
turnover in 2011 is $ 187bln. One potential weakness in e-retail growth is the possibility of an internet sales tax.
Reasons for online shopping, which drive the growth of the e-commerce market are convenience, cheaper, wider productrange and saving
time.
Source:http://www.webwinkelvakdagen.nl/nl/nieuws/Online_retail_Nederland_een_van_de_actiefste_van_Europa
http://techcrunch.com/2011/01/03/j-p-morgan-global-e-commerce-revenue-to-grow-by-19-percent-in-2011-to-680b/
4
Product segments
The most popular products to buy online differ per
country. On average the most popular products include
books, event-tickets and clothing.
In the early years of e-commerce, the physical media
segment (books, CDs, DVDs) was the first one to
break out and achieve mainstream acceptance.
Electronics is also a ‘early-adopter’ category, including
computing, consumer electronics and appliances.
Sectors such as apparel are less conducive to ecommerce and have taken longer to develop. Therefore
buying these products online is mainly popular in the
more mature markets, like UK.
Source: Clipperton Finance
5
E-commerce landscape
Source: Intershop
6
Trends in the e-commerce market (i)
Consumer loyalty:
The number of people who buy online is still growing, but eventually this growth will stabilise. Consumer loyalty is the key to real revenue
growth by online retailers. Loyal consumers are willing to pay a higher prices, buy more products, are easier to reach and are taking care of
free publicity. Recent research proves key properties of consumer loyalty are contact interactivity, convenience, care, choice, character,
cultivation, customization, community en confidentiality.
Cross-channel
To realise the growth in turnover , online retailers have to develop a cross-channel strategy in the coming years. Consumers will buy offline
as well as online and mobile commerce is a new channel, which will develop in the near future.
Cross channel retail is expected to be an important growth driver in the retailsector.
In the Netherlands 69% of the consumers buy products via 2 or more different channels, in the US this percentage is even higher, 78%.
Source: http://ecommerceblog.nl/whats-crosschannel-retail/
7
Trends in the e-commerce market (ii)
Social Media
Social Media is mainly used by people between an age of 18-34. That’s why social media are an important medium for branding and
loyalty. Social Media is expected to become more important for online retailers.
Social Media is not yet used very often to share online purchasing activities.
Source: http://ecommerceblog.nl/whats-crosschannel-retail/
Intershop
8
Trends in the e-commerce market (iii)
Touchless e-commerce
Online retailers who don’t held stock on their own, but deliver directly from manufacturer to consumer on a JIT basis. This business
model will lead to a broader range of products, because a retailer can aggregate from multiple suppliers.
Mass-customization
Consumers can design, customize or even build their product from scratch.
Categories where customization is common in the off-line world are natural targets for the next wave of online players.
Payments
The Netherlands are actually quite unique regarding secure payment methods, using IDeal. Other used payment methods are Paypal and
Credit / Debit Cards.
The costs for buying by mobile is relatively expensive compared to the costs related on online shopping.
Mobile commerce
See next slides
Source: Clipperton Finance
9
Mobile commerce
A research by Forrester proves that only 1% of the respondents in the Netherlands have bought a product via their mobile phone and 4%
responded they are interested in buying via mobile phone. In comparison to other European countries this percentage is very low.
Securer payment methods and sites that are adjusted to the size of mobile phone screens could lead to growth of popularity of mobile
commerce.
Although the Mobile commerce market is a relatively small and early stage market. The market is expected to grow enormously in the next
five years.
Source: http://ecommerceblog.nl/whats-crosschannel-retail/
http://www.mediact.nl/weblog/enorme-groei-online-retail-tot-2015
http://ecommerceblog.nl/hoe-ziet-de-nederlandse-mobile-commerce-markt-eruit/
10
Mobile commerce (ii)
The most popular products bought via mobile commerce are take away food, cinema-tickets, music and dvd’s.
A downside of mobile commerce is that its growth could negatively effect brick and mortar stores.
Source: http://ecommerceblog.nl/whats-crosschannel-retail/
http://ecommerceblog.nl/hoe-ziet-de-nederlandse-mobile-commerce-markt-eruit/
11
Changing market (i)
Source: Intershop
12
Changing market (ii)
Source: Intershop
13
Changing market (iii)
1995
2000
Wave One
The Gold Rush
Basic online retailing
Low bandwith and static
web pages
Basic search
Simple account
management
Credit-card payments
E-mail marketing
2005
Wave Two
Maturity & Growth
Personalisation
Advanced search
navigation
Product comparisons
Cross-sell/up-sell
Advanced payment options
Communities
2010
Wave Three
Inovation Web 2.0
Virtual dressing rooms
Product videos
Customised products
Product and store blogs
Social marketing
Channel integration
Loyalty programs
Source: Argo securities
14
SEO and google
The amount of clicks still increases each quarter. In five years the amount of clicks became three times higher in 2010 compared to the
starting level 2005, which indicated that it is a popular method of marketing.
Although the average CPC in the Netherlands did not reach the level of before the crisis, 2008Q2, it is expected that the average CPC will
increase further in the near future.
These costs per click are still much lower in the Netherlands than in other countries, therefore the Netherlands is a relatively inexpensive
country to market products via internet.
Indexed aggregated paid clicks
Indexed AVG cost per click
350
105
300
100
250
95
200
90
150
85
100
80
50
75
0
Aggregated paid clicks
AVG cost per click
Source: http://ecommerceblog.nl/search-marketings-insights-2010/
Google
15
Google Base
Comparison sites are quite important for the success of e-commerce companies, the introduction of Google Base, another
comparison/auction site by Google, is expected to have a large influence on e-commerce companies.
Google Base is rated first in the TOP10 shopping engines, which list is based on traffic, revenue, COS% (spend/revenue), average CPC,
responsiveness and Merchant tools. The popularity of Google Base is among others related to its cost-free structure and highly regarded
Google Analytics tool.
Google Base is already introduced in US, Germany and UK and is expected to be introduced in the near future in the Netherlands. It is
recommended that e-commerce companies optimize their Google Base Strategy.
Source: http://blog.cpcstrategy.com/the-top-ten-comparison-shopping-engines-compared/
16
Video Advertising
Display and video ads can greatly increase retailers` site visits and brand name searches.
Internet retailers can use video advertising not just to drive consumers to the website in the first place, but also to reach back to them to
encourage them to purchase a product on their website.
Video advertising:
Increases the chance of a front-page Google result
Increases time spend on the website
Help visitors in making purchasing decisions
Increases purchase intent
33% of online retailers plan to add video to their sites in 2010, making it
a higher priority than any other advanced feature!
eMarketer, March 2010
Source: http://www.internetretailer.com/2010/03/26/online-display-and-video-ads-pull-consumers-to-sites-study-says
http://www.spotxchange.com/performance-based-video-ad-campaigns.html
http://www.invodo.com/html/resources/video-statistics/
17
M&A (i)
A selection of recent interesting deals in the e-commerce market are:
Date
Acquiror
Coun
try
Target
Coun
try
Turnover
target
EBITDA
Target
Segment
EBITDA
multiple
4-2011
CDON Group
SW
Tretti
SW
€ 39m
€ 2,8m
Home appliances
13,8
2-2011
Scheer&Foppen
NL
Modern.nl
NL
€ 15m*
unknown
Consumer electronics
unknown
2-2011
GSI
US
Fanatics
US
$ 300m
unknown
Sports
unknown
1-2011
eBay
US
Brands4friends
G
€ 45,7m
- €5,6m
Fashion and lifestyle
-
11-2010
Amazon.com
US
Quidsi.com
US
unknown
unknown
Babycare
unknown
8-2010
Comnaar Investments
Mentha Capital
NL
Kleertjes.com
NL
unknown
unknown
Clothing
unknown
2-2010
Arnoldo Mondadori Editore SPA
IT
Mondolibri SPA
IT
€ 80,6m
€ 5,8m
Books
2,32
2010
Groupon
US
Several Asian companies
Asia
-
-
8-2009
RFS Holland Holding BV
NL
Create2fit BV
NL
unknown
unknown
Electronics etc.
6*
5-2009
Fuji Media Service
JP
Cecile Co Ltd
JP
€ 510m
€ 3,2m
Department store
21,6
1-2009
Scheer&Foppen
NL
Bobshop.nl
NL
€ 12,4m
unknown
Consumer electronics
unknown
12-2008
Private investors
NL
RFS Holland Holding BV
NL
€ 316m
€ 29,3m (EBIT)
Department store
unknown
7-2007
Sanoma Uitgevers BV
NL
mrticket.nl BV
NL
unknown
unknown
Tickets
unknown
5-2007
Madison Dearborn Partners (PE)
US
CDW Corporation
US
€ 4,8bln
€ 299m
Hardware
17,2
-
Based on recent transactions in the e-commerce market, the estimated EBITDA multiple for mid-market companies is on average around
6-8 times EBITDA*.
* Estimate BlueMind
Source: Zephyr
BlueMind
18
M&A (ii)
European investors are interested in investing in e-commerce companies. Some important aspects regarding this:
Focus on establishing a market-leading position
Capital efficiency (JIT-ordering and cash flow management)
International expansion
Source: Clipperton Finance
19
Growth potential
The e-commerce market is expected to grow further, but for online retailers to grow exceptionally there are different approaches:
Foreign investors
Private Equity is willing to invest in e-commerce companies in Europe. It is expected this will lead to consolidation in the market, which
will lead to larger e-commerce companies and a stronger competitiveness in the market.
Strategic Partner
There are several strategic e-commerce companies active in Europe, looking for acquisitions to expand their product segments or
geographical reach.
Geographical expansion
The Netherlands are too small to grow exceptionally, expansion to other countries is essential.
Expansion by segment
To grow exceptionally e-commerce companies have to focus on
several segments with different webshops.
Source: BlueMind
20
Contents
I.
Market information
II.
Company profiles
•21
Alphacomm
Company information
Status & situation
The main activity of Alphacomm is the distribution of prepaid amounts.
They are quite competitive in this market and would like to grow to 510% market share.
They are looking for possible add-ons.
www.alphacomm.nl
Location: Rotterdam
They are willing to discuss a potential sale of a minority stake to a
financial investor to realise further growth.
Shareholders: Blue Potato Investments B.V.
Management: Huub Sparnaay (CEO)
Activities
www.opwaarderen.nl
Sales and distribution of prepaid amounts for mobile telecom.
These activities are realised via their own websites, via partners
and directly via providers under a private label.
Active in the Netherlands, Belgium and Germany.
Financials
www.opwaarderen.nl
Turnover
Margin NL/B
Margin G
€ 30m
8-9%
5%
Annabel
Distribution of personal telephone messages (reminders for
appointments).
Mainly active in the healthcare sector (hospitals, dentists etc.)
and collecting agent sector.
Annabel
Turnover
Margin
€ 750K - € 1m
80-90%
Ecomobiel
Platform for sustainable mobility (business events).
Ecomobiel
Turnover
€ 750K
•22
EyeTi Group
Company information
Status & situation
The company is willing to expand their existing brands and expand their
related services.
www.eyeti.nl
Location: Tilburg
Shareholders: TC Holding B.V.
Management: Tom Coehorst (CEO)
They are looking for acquisitions in the following segments:
Companies active in the (online) sale of software for companies
up to 500 employees
Service-provider (installation of hardware and software etc.
Other interesting companies could be websites active in the sale of
specialised IT products (no website focussed on a broad range of
products).
Possible sale over five years. They are willing to discuss an earlier
potential sale when the offered multiple meets expectations.
Activities
Financials
The EyeTi group is specialised in the sale of IT related products
(hardware, software) via five different websites. These webshops all
focus on a specific target group.
Expected turnover 2011
€ 60m
Expected EBIT 2011
€ 1,5-2m
Takeitnow.nl Focused on companies with up to 10 employees.
Acesdirect.nl Focused on companies with 10-250 employees.
Buyonline.nl Focused on companies with over 250 employees.
Prowarehouse.nl Focused on companies who are looking for
Apple products.
Rackserver.nl Focused on companies who are looking for
Server related products.
They are only focused on businesses. The only website were consumers
can also purchase products is takeitnow.nl.
•23
Bas Computers
Company information
Status & situation
The turnover is relatively stable during recent years, but the focus has
shifted from BAS Distribution to MyCom /Vobis, which is now 70% of
total realised turnover.
They are looking for possible add-ons for their e-tail/retail activities in
different market segments. They don’t have a specific segment in mind,
but a niche-player in products easy to handle are most interesting.
www.basgroup.nl
Location: Almere
They are also interested in retailers who are in a difficult situation. They
are specifically interested to get in contact with the Swedish KIN AB,
owner of Kijkshop.
Shareholders: Bakker Holding B.V.
Management: Steven Bakker (CEO)
Activities
BAS Distributie (wholesale)
Online IT hardware distributor, active in the
Netherlands (800 weekly buying dealers) and
Belgium (300 dealers).
MyCom & Vobis (e-tail and retail)
Retail (26 shops) and e-tail shops, active in IT
hardware and software products for end-users.
Icidu
Production of IT related accessories under their
own brand. These products are produced in China
and sold to retailers in more than 13 European
countries.
Financials (group)
2010
2009
Turnover
€ 124m
€ 149m
Gross Margin
€ 16,6m
€ 20,7m
EBIT
€ 1,5m
-/- € 355K
EBITDA
€ 2,1m
€ 808K
MP
Software developers for the e-commerce market
•24
Cameranu
Company information
Status & situation
They would like to expand their activities internationally.
They are willing to discuss a potential sale of the company over a couple
of years.
www.cameranu.nl
Location: Urk
Shareholders: STAK Cameranu.nl
Management: Johan van Slooten (CEO)
Activities
Cameranu.nl is an online retailer of mirror reflex, video and
compact camera’s and related accessories.
Financials 2010
Turnover
€ 43m
They offer products from an extensive assortment, including
brands like Canon, Nikon, Sony, Olympus, Panasonic, Leica,
Pentax, Sigma, Tamron etc.
EBT
€ 1 - 1,5m
The company keeps stock and have an own shop in Urk.
Average order size
Stock value
€ 430,€ 3-3,5m
( +40% compared to 2009)
Some side products offered on the website are printers,
navigation, audio & hifi, television & monitors, telecom
products etc.
•25
Elders Websales
Company information
Status & situation
The company handles with a difficult financial situation.
The margins in this segment are quite low and the most interesting way
to earn money in this business segment is via affiliates.
The domain name ‘gsm.nl’ could be very interesting to acquire.
www.elderswebsales.nl
Location: Alkmaar
Shareholders: Investors
Management: Boudewijn van Ewijk (Interim CEO)
Activities
Financials
Gsm.nl
Online sale of mobile phones and subscriptions. Target group
are consumers.
Negative results in 2009 (- € 1,5m) and 2010.
Bestelmaar.nl
Online sale of mobile phones and subscriptions. Target group
are consumers.
The company realises from Q4 2010 until now positive results after a
drastic reorganisation.
Transactions per year
30.000
Zakelijkvoordelig.nl
Online sale of mobile phones and subscriptions. Target group
are companies.
Related providers are Hi, KPN, T-Mobile, Telfort and Vodafone.
The websites also offers some side-products, such as camera’s, TV’s,
laptops and game-stations.
•26
Elektrokoopjes
Company information
Status & situation
They would like to roll-out their CMS system, which they have
developed within ICIT.
They are looking for possible add-ons for their hosting activities (ISNet).
www.elektrokoopjes.nl
Location: Franeker
Shareholders: Akkerman Invest Group B.V.
Management: Jan Harmen Akkerman(CEO)
Activities
Elektrokoopjes
Online retailer, active in the consumer electronics, white goods
and brown goods segment.
Other companies in the Akkerman Invest Group B.V.:
Financials
Elektrokoopjes
Turnover
EBT
€ 15m
€ 100K
Average order size
€ 230,-
Expected turnover 2011
Expected EBT 2011
€ 18-19m
€ 400K
ICIT
Internet service provider with 25 employees.
Mainly active in the healthcare and financial services market.
Have their own CMS system
ISNet
A hosting and domain registration company, located in Franeker
(northern Netherlands).
•27
Koopjeskampioen
Company information
Status & situation
Koopjeskampioen has realised a negative result in 2010, caused by a new
appointed director of the company.
Currently the entrepreneur, Henk Pragt is the director again.
www.koopjeskampioen.nl
Location: Hoogeveen
The company is now looking for an investor for an amount of € 500K.
Shareholders: Privately owned
Management: Henk Pragt
Activities
Financials
2010
Online retailer, active in the consumer electronics, white goods
and brown goods segment.
Koopjeskampioen has four locations in the Netherlands. They
can buy the products at these locations or the products can be
delivered at home.
Turnover
€ 10m
Expected growth 2011
Expected growth per year after 2011
20%
40%
•28
Fonq
Company information
Status & situation
The members of the management team and owners of Fonq are Patrick
Kerssemakers (CEO), Frank Hanssen (CFO) and Joost Wels (COO).
Their personal holdings own 100% of the shares of the company via a
STAK (together with a minority shareholder, who owns 3%) .
www.fonq.nl
Location: Utrecht
We are currently advising Fonq on a sales process.
Shareholders: Kehaho beheer
Management: Patrick Kerssemakers (CEO)
Activities
The company is an e-commerce business which operates 65
specialised webshops in consumer goods
Fonq operates webshops with a focus on:
Living & home
Cooking
Design & Style
Gifts & Presents
Financials
The company realised a revenue of more than € 14,8m in 2010
with an EBITDA-margin around 7%.
Turnover is expected to grow to € 26m in 2012 with an
EBITDA-margin of 9%.
The company operates several webshops under their own brand,
but also operates white label webshops for Rituals for example.
Fonq employs around 40 fte.
•29
Coolblue
Company information
Status & situation
Until recently, Coolblue’s separate webshops operated under their own
URL as brand name.
www.coolblue.nl
Location: Capelle aan den Ijssel
Upon the strategy to create brand value and consistent services across all
their brands, Coolblue has started to integrate its webshop under its
main brand, Coolblue.
Coolblue is also active in Belgium
Shareholders: Coolblue Holding B.V.
Management: Pieter Zwart
Activities
Coolblue is an eCommerce business that runs 67 specialized
online shops and 4 live outlets, mainly focused on consumer
electronics (telephones, music players, PDAs, laptops etc) and
consumer care products (skincare, toothbrushes).
Coolblue runs their entire support on themselves, logistics, IT,
product development and customer care.
Coolblue won the award for Best Dutch webshop 2010 and
Best Telecom webshop 2010.
Financials
Turnover of 2010 is approximately € 100 mio.
2009
Gross Margin
€ 14,6m
EBIT
€ 4,0m
EBITDA
€ 4,7m
•30
Create2Fit
Company information
Status & situation
Create2Fit is steadily expanding its revenue
Halfway 2009, RFS Holding, the parent company of leading mailorder
retailer and online retailer Wehkamp, acquired a majority stake in
Create2Fit.
www.create2fit.com
Location: Naarden
Shareholders: RFS Holland Holding B.V. (Wehkamp)
Management: Tom Coronel (CEO)
Activities
Create2Fit is the holding company of several specialized
webshops, founded by Dutch race car driver Tom Coronel.
Financials
Turnover
€ 37,5m
The separate web shops offer typical products related to a
masculin interest, with a focus on high-end products.
Plasma TVs
Tire chains
Laundry machines
Grill sets
Coffee Machines
•31
Digital Revolution B.V.
123inkt.nl
Company information
Status & situation
123inkt.nl continues to grow and welcomed its 500.000s unique
customer in 2010.
www.123inkt.nl
Location: Nederhorst Den Berg
Shareholders: Privately owned
Management: Gerben Kreuning
Activities
123inkt is an online retailer for printer cartridges, printer ink ,
toners and photo paper
Financials
Turnover
€ 16m
The main focus is on private label products
123inkt.nl intents to provide best service and 24 delivery with
the best pricing strategy in the market for printer ink and
cartridges.
123inkt won the award for best home shopping company,
awarded by the industry platform for eCommerce and
homeshopping
•32
Bol.com
Company information
Status & situation
Bol.com was one of the first webshops active in the Netherlands.
In 2009, PE firm Cyrte, the investment firm of media “tycoon” John de
Mol, acquired Bol.com.
www.bol.com
Location: Nieuwegein
Bol.com announced its intentions to grow to 500 mio revenue by 2013.
Shareholders: Flevo Deelnemingen III B.V.
Management: Daniël Ropers
Activities
Bol.com is a Dutch online retailer, specialized in books, both
Dutch and English, and entertainment products such as CD’s,
DVD’s and games, and electronics, photo/video, media devices,
laptops, software, and accessories.
Bol.com was founded in 1999 as part of Bertelsmann Online and
as part of a global initiative to sell media products online
worldwide.
The Dutch site was privatized in 2003 and is currently owned by
Cyrte Investments, a Dutch Investment company specialized in
media and telecom companies.
Financials
2009
Turnover
€ 267m
Ebit
€ 11,4m
EBITDA
€ 21,2m
Number of transactions per year: 14 mio.
Currently, bol.com is an online (local) market leader and winner
of several online retail awards
•33
GSMweb.nl
Company information
Status & situation
GSMWeb is the leading web shop for mobile phones
In July 2010, GSMWeb acquired (a minority share in) LHMW B.V., an
online platform that keeps track of local discounts in “real” stores in the
area.
www.gsmweb.nl
Location: Diemen
Shareholders: BBF Financieel B.V.
Management: Joost Bruining
Activities
Financials
GSM Web is a webshop entirely focused on selling cell phones,
accessories, and cell phone contributions.
GSMweb.nl is the largest webshop in this segment in the
Netherlands.
2009
Turnover
€ 29,3m
EBIT (2008)
€ 4,9m
EBITDA (2008)
€ 5,0m
•34
Bakker Hillegom
Company information
Status & situation
We have spoken to the CFO of Bakker Hillegom.
They are looking for possible add-ons.
www.bakker-hillegom.nl
Location: Hillegom
Shareholders: STAK Bakker
Management: Michael van Diemen
Activities
Financials
2010
Bakker Hillegom is a large garden mail-order company in
Europe.
It is an international organization with over 700 employees and
nearly 65 years experience in the transmission of green products
and accessories by mail.
Turnover
€ 143m
EBIT
€ 7,0m
They are active in a consistent delivery of high quality flower
bulbs, roses, perennials, seeds and garden products.
•35
Kleertjes.com
Company information
Status & situation
The founder of the company, Claudia Willemsen sold a majority of the
shares of kleertjes.com (67%) to the PE houses, Comnaar Investments
and Mentha Capital in 2010.
www.kleertjes.com
Location: Doetinchem
They are focussed on further growth of the company and add-on
acquisitions are expected.
Shareholders: Comnaar Investments (33%)
Mentha Capital (33%)
Management (33%)
Management: Claudia Willemsen
Activities
Financials
2010
Kleertjes.com is the largest online retailer for children’s clothing
and shoes in the Netherlands.
Some side products offered are nightwaer, underwear and
accessories.
Turnover
€ 11m
Employees
125
60.000 customers in 2010
110.000 packages ordered in 2010
•36
Worldticketshop B.V.
Company information
Status & situation
WorldTicketShop has been growing rapidly over the past few years and
is looking for growth capital / ready to sell the company
BlueMind has been mandated to sell the company
www.worldticketshop.nl
Location: Groningen
Shareholders: S. Monteban
Management: Mr. Monteban
Activities
World Ticket Shop (WTS), founded in 2006, is a platform for
buying and selling second hand tickets for (music)concerts,
events, sports games etc.
Since its start, WTS invested in its mulinational network and
focuses on not-easily-obtainable tickets for events in Europe.
Financials
Turnover
€ 10m
EBIT
€ 500K
WTS now focuses on creating a platform or market place to
united supply and demand of tickets, arranging all logistics for
both buyer and seller
WTS is member of the EUSTA (European Union Secondary
Ticketing Association) and adheres to their universal code.
•37