Tipp24 SE: Winnings payout of EUR 6.8 million - Forecast remains unchanged
Aug 22, 2013 6:03 PM
Tipp24 SE / Key word(s): Miscellaneous
(Hamburg, 22 August 2013) In a secondary lottery held by MyLotto24 Ltd, a fully consolidated minority shareholding of Tipp24 SE, a player has won a jackpot of around EUR 6.8 million.
The winnings payout will reduce consolidated revenue in the current fiscal year 2013 by the same amount. Earnings before interest and taxes (EBIT) will be burdened by around EUR 5.7 million.
Tipp24 SE is upholding its forecast for fiscal year 2013, last confirmed on 8 August 2013.
About Tipp24 SE: Tipp24 SE was founded in September 1999 and holds equity interests in a number of companies in Spain and the UK, which enable participation in lottery-based games via the Internet, especially via the websites www.ventura24.es, www.mylotto24.co.uk, www.tipp24.com and www.geosweep.com. From its foundation to the current day, Tipp24 has generated stakes of 2.5 billion euros and thus contributed over 650 million euros in taxes and duties. Following its successful IPO in 2005 (Prime Standard), the company was admitted to the SDAX index in June 2009. In July 2012, German online brokerage activities were successfully spun off from Tipp24 SE in the form of the company Lotto24 AG, which is listed separately on the stock exchange. With the acquisition of a stake in the UK-based company Geonomics Global Games Limited in December 2012, Tipp24 SE laid the foundation for the expansion of its international business.
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