Tipp24 AG: Preliminary figures for FY2007: Tipp24 exceeds own forecasts / prospect of first-ever dividend payment

Feb 22, 2008 8:13 AM

Tipp24 AG / Dividend/Preliminary Results

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.
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According to preliminary and unaudited figures, the number of customers
registered by the Group in its fiscal year 2007 grew by 574 thousand (prior
year: 448 thousand) to 2,344 thousand.

Billings – consisting mainly of brokered lottery tickets – rose to EUR
346.8 (264.2) million, representing growth of 31.2 percent. The 30.1
percent increase in revenue to EUR 45.0 (34.6) million was well above the
adjusted forecast of the first half-year 2007.

Earnings before interest and taxes (EBIT) improved by 23.5 percent to EUR
8.9 (7.2) million, despite one-off charges of around EUR 1.8 million.
Adjusted for these special items, EBIT climbed by 48.0 percent. The EBIT
contribution of German operations was up 37.5 percent on the previous year
to stand at EUR 10.1 (7.3) million. Adjusted for the above mentioned
special items, EBIT in Germany amounted to EUR 11.8 million. Consolidated
net profit fell by 15.8 percent to EUR 6.3 (7.4) million. The decline
resulted from a positive one-off tax effect in fiscal year 2006.

As a consequence of the Group’s encouraging performance over the past few
years, the Executive Board of Tipp24 AG is considering proposing to the
Annual Shareholders' Meeting a first-ever dividend payment for fiscal year
2007 amounting to 50 cents per share.

Note:
The financial figures and performance indicators stated in this
announcement all refer to the Tipp24 Group, unless expressly stated
otherwise. They are preliminary and unaudited. Changes may occur following
audits of the annual financial statements and consolidated financial
statements.
22.02.2008  Financial News transmitted by DGAP
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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:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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