Tipp24 AG: Dynamic growth unbroken
Aug 6, 2007 9:03 AM
Tipp24 AG / Quarter Results Release 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. ---------------------------------------------------------------------- In the first half of the fiscal year 2007, earnings before interest and taxes (EBIT) of the Tipp24 Group fell by 21.6 percent to EUR 2.4 (prior year: 3.0) million, as a result of two non-recurring expenses. The EBIT margin was down 6.5 percentage points to 13.1 percent. Due to a positive one-off tax effect in the prior-year period, as well as the aforementioned non-recurring expenses, consolidated net profit for the period fell by 52.8 percent to EUR 2.0 (4.2) million. Billings of the Tipp24 Group grew to EUR 139.6 (117.4) million in the first half of 2007 – up 18.9 percent on the prior-year figure. Revenues improved by 17.1 percent to EUR 18.0 (15.3) million. At 12.9 percent, gross margin – the ratio of revenues to billings – was slightly below the respective half-year figure for 2006 (13.1 percent). There was a year-on-year increase in registered customers of 420 thousand to 1,906 thousand (1,486). Of this total, 136 thousand registered customers were gained in the first half of 2007 (prior year: 164 thousand). Allowing for the fact that there were no jackpot draws (by chance) in the first half of the year, Tipp24 aims to add a total of 300 thousand customers during the current business year – corresponding to the lower end of our projected growth range. At the same time, Tipp24 expects to raise billings and revenue by just under 20 percent. Due to the scalability of our business model, we expect a strong increase in our EBIT result – adjusted for the above mentioned special items totalling EUR 1.8 million. Even including these items we expect to post a higher EBIT result than in the previous year. DGAP 06.08.2007 ---------------------------------------------------------------------- Language: English Issuer: Tipp24 AG Straßenbahnring 11-13 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: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------