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mybet Holding SE publishes report on the first half of 2014

DGAP-News: mybet Holding SE / Key word(s): Half Year Results
mybet Holding SE publishes report on the first half of 2014

14.08.2014 / 08:45

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mybet Holding SE publishes report on the first half of 2014



- EBIT of EUR -361 thousand slightly above planning corridor

- Significant improvement of earnings over the previous year (up EUR 1.3
million)

- Confirmation of full year forecast

- Positive impulses through improved stability and World Cup business

Kiel, August 14, 2014 mybet Holding SE (Deutsche Börse, Prime Standard,
ISIN DE000A0JRU67) is publishing its report on the first half of the 2014
financial year today. Group revenue following the first half of 2014 at EUR
34.4 million was 0.4 percent above that of the comparative period of the
previous year (H1 2013: EUR 34.3 million). Adjusted to remove the revenue
of DIGIDIS S.L., which was deconsolidated already in November 2013, revenue
growth in the first six months of 2014 is 6.5 percent (adjusted revenue H1
2013: EUR 32.3 million). The growth in the first half of 2014 of 16.6
percent in the segment Sports Betting and 31.3 percent in the Horse Betting
segment was able to offset the decline in the area Casino & Poker caused by
regulations as well as the loss of the segment Lottery. Following the
deconsolidation of the Spanish subsidiary DIGIDIS S.L. in November 2013,
the mybet Group is no longer in the lottery business. In the last half of
2013, this segment had provided sales of only EUR 1.8 million. After the
first six months of 2014, the company reflects slightly negative earnings
before interest and taxes (EBIT) of EUR -361 thousand but was able to
significantly improve profitability in comparison with the same period of
the previous year (H1 2013: EUR -1.6 million). In total, revenue and
earnings figures meet the planning of the company.

The segment Sports Betting developed positively in the first half of 2014.
The reasons for this were the significantly improved system stability, the
roll-out of the loyalty card and the increasing new customer figures in
conjunction with the Soccer World Cup. In the second quarter of 2014 and in
the first half of 2014, the betting stakes were 9.4 and 5.3 percent,
respectively, above those of the corresponding periods of 2013. This
resulted in absolute betting states of EUR 47.3 million and EUR 94.2
million. The hold (stakes less payouts of winnings) increased by 8.7
percent to EUR 18.7 million. The stakes in the online area at EUR 51.5