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

20.03.2013 15:07

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Tipp24 SE largely achieved its targets in fiscal
year 2012, but expects consistently high costs in 2013. The company has
therefore downgraded its earnings forecast while upholding its revenue
projection for the current fiscal year.

Tipp24 SE had forecast consolidated revenues of EUR 130 million and a
consolidated EBIT result of EUR 48 million for its fiscal year 2012. The
forecast also included a deduction for risks of EUR 10 million to account
for negative statistical fluctuations in payouts for its secondary lottery
business, which did not turn out to be necessary.

Revenues of Tipp24 in fiscal 2012 actually amounted to EUR 142.7 (prior
year: 139.3) million. Unadjusted earnings before interest and taxes (EBIT)
were raised from EUR 51.9 million to EUR 56.5 million, thus reaching their
highest level in the company's history.

Adjusted for chance effects, consolidated revenues of EUR 128.6 million
were slightly below the adjusted prior-year figure of EUR 131.1 million,
while EBIT adjusted for chance effects and other special items amounted to
EUR 32.2 million and thus fell somewhat short of the adjusted prior-year
figure of EUR 38.9 million.

A major reason for the difference in revenues is the comparatively low
number of jackpot draws for the core product 'Lotto 6/49' in 2012. In
addition to this revenue effect, EBIT was burdened by an adverse product
mix, costs for the expansion of new businesses and extraordinary
consultancy costs in connection with hedging transactions.

After consideration of price increases, Tipp24 SE expects to achieve
revenues in the range of EUR 130 to 140 million and EBIT of EUR 20 to 30
million in its fiscal year 2013. This forecast takes account of costs for
further necessary adjustments to hedging structures in its secondary
lottery business and additional, mostly non-recurring, costs for the
preparation of new business fields totalling EUR 15 million. The stated
ranges for revenues and EBIT also take account of statistical fluctuations
in payouts for the secondary lottery business.

The complete Annual Report 2012 is due to be published on 28 March 2013.


20.03.2013 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Tipp24 SE
              Straßenbahnring 11
              20251 Hamburg
              Germany
Phone:        Tel.: +49 (0)40 325533-142
Fax:          +49 (0)40 325533-5600
E-mail:       ir@tipp24.de
Internet:     www.tipp24-se.de
ISIN:         DE0007847147
WKN:          784714
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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