Tipp24 AG: Tipp24 posts its best-ever quarterly EBIT result
May 8, 2007 9:07 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. ---------------------------------------------------------------------- The Tipp24 Group improved earnings before interest and taxes (EBIT) by 34.0 percent to EUR 2.2 million (prior year: 1.6) in the first three months of its fiscal year 2007. The EBIT margin rose by 4.6 percentage points to 24.7 percent. Consolidated net profit for the period fell by 25.9 percent to EUR 1.6 million (prior year: EUR 2.2) due to a one-off tax effect in the prior-year period. In the first quarter of 2007 the Tipp24 Group raised billings to EUR 68.8 million (prior year: 62.7), representing year-on-year growth of 9.7 percent. Revenues grew by 9.4 percent to EUR 8.9 million (prior year: 8.1). Gross margin – the ratio of billings to revenues – remained almost unchanged from the same period last year at 13.0 percent. There was a year-on-year increase in registered customers of 404 thousand to 1,839 thousand (1,434). Of this total, 69 thousand registered customers were added in the first quarter of 2007 (prior year: 112 thousand). Tipp24 has confirmed its business forecast for the fiscal year 2007: the Company plans to stabilize its market share in the dynamic online lottery market and expects further growth in billings and revenues of around 30 percent – assuming its activities in Germany remain legally permissible. With regard to the number of registered customers, Tipp24 expects to add a further 300 to 400 thousand. Due to the scalability of its business model, the Executive Board of Tipp24 AG expects a similarly strong increase in EBIT. DGAP 08.05.2007 ---------------------------------------------------------------------- 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 www: www.tipp24-ag.de ISIN: DE0007847147 WKN: 784714 Indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------