DGAP-News

mybet Holding SE: operating turnaround successfully launched in 2014 financial year

DGAP-News: mybet Holding SE / Key word(s): Preliminary Results
mybet Holding SE: operating turnaround successfully launched in 2014
financial year

31.03.2015 / 09:01

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mybet Holding SE: operating turnaround successfully launched in 2014
financial year

- Revenue of EUR 70.4 million around 10 percent up on adjusted prior-year
level

- 20.9 percent growth in Sports Betting

- Clear improvement in profitability in 2014: EBIT of EUR 0.6 million
approximately EUR 11.9 million up on 2013

- Continuing emphasis on repositioning in 2015 financial year

- At earnings level, significant burden of up to EUR 2 million in 2015
from introduction of sales tax on certain products

Kiel, March 31, 2015 - mybet Holding SE (Deutsche Börse Prime Standard,
ISIN DE000A0JRU67) today publishes provisional, unaudited figures for the
2014 financial year. Due to unforeseen organisational bottlenecks,
publication of the full, audited Annual Report is now anticipated for the
start of April.

Within the context of the turnaround initiated in the 2014 financial year,
the business operations of the mybet Group developed positively. Both the
revenue forecast and the EBIT forecast for the full year upgraded at the
end of October 2014 were achieved. In addition the company identified
further opportunities and launched measures to provide a lasting boost to
the future business performance, too.

2014 financial year

mybet achieved an increase in revenue of 5.1 percent year on year to EUR
70.4 million in the 2014 financial year (previous year: EUR 67.0 million).
Key factors behind the revenue growth were the acquisition of new customers
in the Sports Betting segment and growth in online business for the Horse
Betting segment. This meant that by focusing on core business, mybet was
able to more than compensate for the loss of revenue contributions from the
deconsolidation of the Spanish subsidiary DIGIDIS S.L. and the exit from
lottery operations. After adjustment for the lottery revenue from the
deconsolidated DIGIDIS S.L., growth was even more marked: measured against
the adjusted revenue for 2013 of EUR 63.8 million, revenue increased by
10.4 percent in the 2014 financial year. Profitability, too, improved
substantially. For business operations, mybet achieved positive earnings
before interest and taxes (EBIT) of EUR 0.6 million (previous year: EUR