Preliminary figures show Tipp24 exceeded own forecasts for fiscal year 2013 - Announcement of special dividend and new dividend policy

Feb 27, 2014 2:28 PM

Tipp24 SE  / Key word(s): Dividend/Preliminary Results

27.02.2014 13:28

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

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According to preliminary and unaudited figures, Tipp24 SE exceeded its own
forecasts for fiscal year 2013.

Following a winnings payout of EUR 15.7 million, Tipp24 downgraded its
forecast for consolidated revenue at the beginning of December 2013 from
between EUR 130 and 140 million to around EUR 124 million and its EBIT
forecast from between EUR 20 and 30 million to around EUR 17 million.

Following its above-average performance in particular during December 2013,
Tipp24 now expects consolidated revenue of around EUR 129.9 (prior year:
142.7) million and EBIT of around EUR 19.1 (prior year: EUR 56.5) million
for fiscal year 2013. Consolidated net profit is expected to reach approx.
EUR 10.4 (prior year: 40.9) million. This would result in preliminary
earnings per share from continued operations of approx. EUR 1.32 (prior
year: 4.99). Prior-year revenue and earnings were positively impacted by
significant special items, such as the disclosure of hidden reserves from
the spin-off of Lotto24 AG, and an unusually low level of winnings payouts.
At the end of 2013, there were available funds of around EUR 138.3 (prior
year: 131.7) million.

Tipp24 SE intends to announce its guidance for fiscal year 2014 at its
annual press conference on 26 March 2014.

At its meeting today, the Executive Board of Tipp24 SE agreed to consider
declaring and paying a one-off special interim dividend of EUR 7.50 per
share at the end of April 2014.

The Executive Board furthermore decided to propose annual dividend payments
to its shareholders starting in 2015. The first such dividend would be
based on the annual financial statements for the current fiscal year 2014.
The annual dividend is to amount to at least EUR 1.50 per share - provided
that the company's financial position and performance enables such a
dividend.


27.02.2014 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Tipp24 SE
              25 Southampton Buildings
              WC2A 1AL London
              United Kingdom
Phone:        +44 (0)20 3739-7024
Fax:          +44 (0)20 3739-7099
E-mail:       frank.hoffmann@tipp24.co.uk
Internet:     www.tipp24-se.co.uk
ISIN:         GB00BHD66J44
WKN:          TPP024  
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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