DGAP-News

mybet Holding SE: operating turnaround successfully launched in 2014 financial year - Seite 2

-11.3 million).

Sven Ivo Brinck, CEO of mybet Holding SE, commented: "We increased both our
revenue and earnings as planned in 2014. It was made possible by our being
able to capitalise fully on the FIFA World Cup in summer 2014, in
conjunction with optimised system stability. We also introduced a large
number of new products and features, such as our loyalty card, betting
terminals and new, improved mobile applications. In addition, we focused on
pushing through further improvements to our cost basis. The performance in
2014 shows that we are on the right track. We will actively take up the
challenges that lie ahead of us."

mybet achieved growth in the Sports Betting and Horse Betting segments in
the 2014 financial year. This compensated for the fall in revenue for the
Casino & Poker segment, where mybet had withdrawn from a number of European
markets due to local regulation, and also for the exit from Spanish lottery
business. Revenue for the Sports Betting segment in 2014 was around 20.9
percent up on the previous year at EUR 40.3 million (previous year: EUR
33.3 million). The factors behind this growth included growth at sports
betting shops following the upgrading of the shop structure and the FIFA
World Cup, which had a correspondingly positive impact on revenue. In the
Casino & Poker segment, revenue fell as expected by 6.4 percent, down from
EUR 23.4 million in the previous year to EUR 21.9 million. The prior-year
figure still includes revenue for various European markets from which mybet
withdrew in mid-2013 due to national regulations. The Horse Betting segment
increased its revenue by 25.4 percent to EUR 7.1 million in the 2014
reporting period (previous year: EUR 5.6 million). Strong growth in online
business lay behind this development. The revenue of the other operating
segment stems mainly from the activities of C4U-Malta Ltd.; it was roughly
on a par with the previous year at EUR 1.1 million (previous year: EUR 1.3
million).

The financial and liquidity situation of the mybet Group was likewise
stable at the 2014 reporting date. With a positive cash flow from operating
activities of EUR 2.8 million (previous year: EUR 0.5 million) and cash and
cash equivalents of EUR 8.7 million the debt-free company enjoys a high
equity ratio of 51.2 percent (previous year: 44.4 percent).

Outlook for 2015

Having successfully initiated the turnaround in the past year, the mybet
Group will continue to pursue its chosen strategy and concentrate on its