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. ---------------------------------------------------------------------- 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 ---------------------------------------------------------------------- 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 ---------------------------------------------------------------------------