Tipp24 AG: Tipp24 AG continues growth with record quarter
Nov 6, 2006 8:02 AM
Tipp24 AG / Quarter Results 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. ---------------------------------------------------------------------- • EBIT January–September up 21.2 percent to EUR 5.1 million (prior year: 4.2) • Leap in earnings and revenues due to record jackpot in third quarter In the first nine months of fiscal 2006, earnings before interest and taxes (EBIT) improved to EUR 5.1 million (prior year: 4.2), representing an increase of 21.2 percent. Due to a non-recurring tax effect, there was a disproportionately strong increase in net profit of almost 150 percent to EUR 5.7 million (prior year: 2.3). In the third quarter alone, EBIT reached EUR 2.1 million (prior year: 1.5) – an increase of 45.0 percent. This is the highest quarterly EBIT result in the company’s history. Over the same period, net profit improved by as much as 85.3 percent to EUR 1.5 million (prior year: 0.8). On the assumption that the current legal conditions remain unchanged, Tipp24 AG expects to attract 300,000 to 400,000 new customers per year and raise billings and revenues by 30 to 40% p.a. in each of the next two years. Tipp24 also expects EBIT for fiscal 2006 to slightly exceed the prior-year EBIT figure of EUR 6.0 million. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Key figures for the third quarter 2006 (Jan – Sep) Q.III (in € million) 2006 2005 Change Billings 69.0 50.7 36.1% - Germany 65.2 48.0 35.7% - Abroad 3.8 2.6 44.0% Revenue 9.0 6.6 36.9% - Germany 8.0 5.9 35.7% - Abroad 1.0 0.7 47.8% Operating expenses 6.9 5.2 32.7% EBITDA 2.3 1.6 40.6% EBIT 2.1 1.5 45.0% EBT 2.5 1.5 65.1% Net profit 1.5 0.8 85.3% Q.I-III (in € million) 2006 2005 Change Billings 186.4 149.1 25.0% - Germany 175.0 143.5 21.9% - Abroad 11.4 5.6 104.9% Revenue 24.3 18.7 29.9% - Germany 21.3 17.2 23.6% - Abroad 3.0 1.5 101.3% Operating expenses 18.7 14.1 32.9% EBITDA 5.6 4.7 20.6% EBIT 5.1 4.2 21.2% EBT 5.7 4.4 30.2% Net profit 5.7 2.3 149.6% Tipp24 AG Frank Hoffmann Investor Relations Tel.: +49 40 32 55 33-142 E-Mail: ir@tipp24.de Internet: www.tipp24-ag.de DGAP 06.11.2006 ---------------------------------------------------------------------- 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 WWW: www.tipp24-ag.de ISIN: DE0007847147 WKN: 784714 Indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------