DGAP-News

mybet Holding SE publishes preliminary figures for 2015 financial year - Seite 2

Sports Betting showed a slight rise of 1.1 percent on the previous year -
despite the clearly positive effect of the FIFA World Cup in 2014. Online,
the average betting stakes were improved to EUR 435 per active customer
(previous year: EUR 362), but the grand total of EUR 95.1 million was below
the prior-year figure (previous year: EUR 100.6 million). On the other hand
betting stakes from mobile business were almost quadrupled to EUR 20.2
million (previous year: EUR 5.2 million). This was driven by the steady
development and expansion of the mobile offering as well as by the growing
take-up of mobile sports betting, especially live betting. In retail
business (offline), across all branches mybet achieved a rise in adjusted
betting stakes of 8.7 percent to EUR 93.5 million (previous year: EUR 86.0
million). Especially the quality drive helped increase the average betting
stakes per betting shop. Capital controls in Greece in the third and fourth
quarters of 2015 weighed on the Sports Betting and Casino & Poker segments.
The adjusted revenue for the Sports Betting segment was nevertheless
slightly down on the previous year at EUR 39.5 million (previous year: EUR
40.3 million). Because implementation of the EU-Value Added Tax Directive
2008/8 renders portions of the revenue for the Casino & Poker segment
subject to VAT revenue in the Casino & Poker segment fell year on year by
9.4 percent to EUR 19.9 million (previous year: EUR 21.9 million). In the
Horse Betting segment, revenue rose significantly to EUR 9.3 million
(previous year EUR 7.1 million).

The strategic decision to introduce the new, higher-performance IT platform
resulted in a onetime write-down of EUR 5.3 million on existing software in
the period under review. The extraordinary effect of the capital controls
and other non-recurring effects also put the operating the operating result
under pressure. The earnings before interest and taxes (EBIT) for the
period under review were therefore negative and amounted to EUR -8.8
million (previous year: EUR 555 thousand).

Zeno Osskó, Chief Executive Officer of mybet Holding SE, commented: "We
were confronted with an array of challenges in the past financial year. But
the development especially in our core area of Sports Betting confirms our
strategic direction. The rise in betting stakes even in the absence of a
major sporting event and considering the burden on operations in Greece
demonstrates that our omnichannel strategy is bearing fruit. We now enable
our customers to use all mybet sales channels using one central betting