Tipp24 AG: Adjustment of Profit Estimate due to Significant Prize Payout

Sep 24, 2009 1:11 PM

Tipp24 AG / Profit Warning

24.09.2009 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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MyLotto24 Ltd, a fully consolidated minority holding of Tipp24 AG, has
declared that a player won the jackpot prize of EUR 31.7 million on 23
September 2009 by taking part in MyLotto24's offering to place bets on the
outcome of the German Lotto.
 
Due to MyLotto24's risk hedging, this significant prize payout will only
partly impact on the consolidated profits of Tipp24. As a consequence,
Tipp24 AG adjusts its EBIT (operating profit before interest and tax)
estimate for the current year 2009 by EUR 10 million to at least EUR 30
million. The consolidated revenues estimate of at least EUR 85 million
remains unchanged.


24.09.2009  Financial News transmitted by DGAP

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Language:     English
Company:      Tipp24 AG
              Straßenbahnring 13
              20251 Hamburg
              Deutschland
Phone:        +49 (0)40 325533-0
Fax:          +49 (0)40 325533-77
E-mail:       office@tipp24.de
Internet:     www.tipp24-ag.de
ISIN:         DE0007847147
WKN:          784714
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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