Tipp24 SE: Adjustment of forecast due to winnings payout

Aug 31, 2014 2:19 PM

Tipp24 SE  / Key word(s): Change in Forecast

31.08.2014 14:19

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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In a secondary lottery held by MyLotto24 Limited, a fully consolidated
minority shareholding of Tipp24 SE, a player has won a jackpot of
approximately EUR 44 million.

Ca. 74% of the prize payout is covered by hedging instruments established
by MyLotto24. Taking into account this indemnity payment as well as lower
gaming duties resulting from the prize payout, consolidated EBIT in the
current fiscal year 2014 will be burdened by approximately EUR 5 million.

Although consolidated revenue will be negatively affected by the full
amount of the prize payout, the indemnity payment will be accounted for as
other operating income and will increase the total operating performance

Due to the increase of winnings payouts made by MyLotto24 Limited above the
statistical average, the Executive Board has adjusted its forecast for the
current fiscal year 2014. Assuming a normal course of business in the
remaining fiscal year (i.e. absence of very large jackpots, winnings
payouts around the statistical average), Tipp24 is lowering its current
EBIT forecast of EUR 15-25 million to EUR 10-20 million. The previous
revenue forecast of EUR 135-145 million is being adjusted to approximately
EUR 90-100 million based on the same assumptions.

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Language:     English
Company:      Tipp24 SE
              25 Southampton Buildings
              WC2A 1AL London
              United Kingdom
Phone:        +44 (0)20 3739-7123
Fax:          +44 (0)20 3739-7199
E-mail:       frank.hoffmann@tipp24.co.uk
Internet:     www.tipp24.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