Tipp24 AG: Systematic Acquisitions of Tipp24 shares / Strong quarterly results
Oct 26, 2007 9:30 AM
Tipp24 AG / Acquisition/Offer 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. ---------------------------------------------------------------------- Tipp24 AG has been informed by Earlybird Venture Capital GmbH & Co. KG about the fact that two of its associated investment companies have sold their holdings in Tipp24 AG of combined just under 13% to a third party investor for a purchase price higher than the current share price. Furthermore, several significant shareholders have informed Tipp24 AG about the fact that a third party investor has expressed its interest in acquiring their shares of Tipp24 AG also for a purchase price higher than the current share price. Tipp24 AG succeeded in raising billings – mainly remitted stakes – by 17.1 percent to EUR 218.2 (186.4) million in the first nine months of the year. Revenues grew by 17.0 percent to EUR 28.5 (24.3) million. Earnings before interest and taxes (EBIT) were increased by 2.4 percent to EUR 5.2 (5.1) million. Hereby Tipp24 posts its best-ever quarterly EBIT result of EUR 2.9 million. 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 by just under 20 percent and an EBIT result slightly higher that that of the previous year of EUR 7.2 million – assuming its activities in Germany remain legally permissible. 26.10.2007 Financial News transmitted by DGAP ---------------------------------------------------------------------- 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 Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------