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mybet Holding SE: preliminary result for 2012 announced

mybet Holding SE  / Key word(s): Preliminary Results

12.03.2013 08:30

Dissemination 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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mybet Holding SE (ISIN DE000A0JRU67), Kiel, increased its consolidated
revenue by 14 percent from EUR 60.7 million to EUR 69.2 million in the past
financial year of 2012, according to preliminary, unaudited figures.
Revenue thus came in at the upper end of the forecast range.

Betting stakes in the core segment Sports Betting were up by almost 35
percent at the record total of EUR 186 million. Fourth-quarter betting
stakes of EUR 49.9 million almost matched the record level of the second
quarter, when the UEFA European Championship provided a major boost.

The operating result before interest and taxes (EBIT), which does not yet
include the proceeds from the disposal of lottery operations in May 2012,
was EUR -0.1 million and therefore slightly behind expectations. The result
for 2012 was undermined by the weak business performance in Spain, which
necessitated a write-down for the mybet subsidiary DIGIDIS S.L. in the
fourth quarter and led to a negative overall profit contribution of EUR
-1.1 million in 2012. Relatively low bookmakers' margins in December
furthermore weighed on mybet's sports betting business in the final quarter
of 2012.

The sale of the lottery operations produced an income from deconsolidation
of EUR 7.7 million, from which profit-related bonus entitlements of the
Management Board and Supervisory Board amounting to around EUR 0.5 million
must then be deducted. Total EBIT thus amounted to EUR 7.1 million for
2012. In the previous year, EBIT came to EUR 1.6 million, with the
Lotteries segment contributing EUR 3.4 million. EBIT for the fourth quarter
of 2012 reached EUR 0.9 million, compared with EUR 0.7 million in Q4 2011,
including around EUR 1.2 million attributable to the now disposed-of
lottery operations.

A strong earnings performance of EUR 1.7 million in the 2012 financial
year- after elimination of the Lotteries segment - underscores the success
of mybet's strategy of focusing on the products sports betting, casino and
poker as the key to robust, profitable growth.

The development in new-customer figures in the Sports Betting segment and
in player activity rates was especially healthy in the fourth quarter. The
number of registered customers rose by 22 percent to 1,048,000 and the
number of customers who are active at least once a month grew by 36 percent
to 25,600.

Based on this positive development in the fourth quarter and a highly
promising start to the new financial year, the Management Board expects
revenue for the 2013 financial year to improve to at least EUR 80 million,
with an above-average rise in EBIT to at least EUR 2.5 million.

The Management Board will publish a detailed outlook along with the final
business figures on March 28, 2013.

Contact:
mybet Holding SE
Investor Relations & Corporate Communications
Stefan Zenker
Tel. +49 (40) 85 37 88 47
Fax +49 (40) 85 37 88 30
Mail stefan.zenker@mybet.com


12.03.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      mybet Holding SE
              Jägersberg 23
              24103 Kiel
              Germany
Phone:        +49 40 85 37 88-0
Fax:          +49 40 85 37 88-30
E-mail:       ir@mybet.com
Internet:     www.mybet-se.com
ISIN:         DE000A0JRU67
WKN:          A0JRU6
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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