Tipp24 SE: Preliminary figures show Tipp24 exceeded own forecasts for fiscal year 2010 and posted record earnings

Jan 20, 2011 12:44 AM

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

19.01.2011 23:44

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Ad hoc announcement acc. to Sec. 15 WpHG

Preliminary figures show Tipp24 exceeded own forecasts for fiscal year 2010
and posted record earnings

(Hamburg, 19 January 2011) According to preliminary and unaudited figures,
Tipp24 SE exceeded its own forecasts for fiscal year 2010 and posted its
best-ever revenues and earnings. In August 2010, Tipp24 had downgraded its
consolidated revenue forecast from originally EUR 100 million to EUR 90
million and its EBIT forecast from originally EUR 40 million to EUR 20
million. Following an exceptionally strong fourth quarter, Tipp24 now
expects consolidated revenues for 2010 to reach approx. EUR 104 (prior
year: 89.6) million. This would correspond to revenue growth of around 15%.

There was also strong growth in EBIT, from EUR 23.1 million in the previous
year to an expected figure of around EUR 30 million in fiscal year 2010.
Consolidated net profit is expected to reach approx. EUR 19 (17.5) million.
This would result in preliminary earnings per share of approx. EUR 2.46
(2.26). Consolidated cash and cash equivalents at the end of 2010 amounted
to around EUR 92 (81.1) million.

Tipp24 SE intends to announce its forecast for fiscal year 2011 at its
annual press conference on 30 March 2010.

Additional information:
ISIN: DE0007847147
WKN: 784714 
Trading: Official Market / Prime Standard; Frankfurt Stock Exchange
Registered office: Germany

Contact:
Tipp24 SE
Frank Hoffmann 
Investor Relations
Tel: +49 40 32 55 33-142
E-mail: frank.hoffmann@tipp24.de
Internet: www.tipp24-se.de


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Language:     English
Company:      Tipp24 SE
              Straßenbahnring 11
              20251 Hamburg
              Deutschland
Phone:        +49 (0)40 325533-0
Fax:          +49 (0)40 325533-77
E-mail:       office@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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