bet-at-home.com AG

Gross betting and gaming revenue increase by 6.4% in the first quarter of 2016

Announcement according to stock regulations

Düsseldorf (pta014/02.05.2016/10:00) - Group figures for the first quarter of 2016 (1 January to 31 March 2016): - Gross betting and gaming revenue increased by 6.4% to EUR 30.3 million - Earnings before taxes amounted to EUR 7.9 million - Liquid assets and securities increased to EUR 53.4 million

Düsseldorf, 2 May 2016. In the first quarter of 2016, the listed online sports betting and gaming provider was once again able to continue on its success path and pick up on the dynamic growth of the successful previous year 2015.

Positive earnings development despite increased investments in the brand's recognition: In the first quarter of 2016, the gross betting and gaming revenue of bet-at-home.com AG Group increased further as a result of the continuing investments in the bet-at-home.com brand. One of the major investments, which commenced in August 2015, is the main sponsoring agreement and jersey advertising with Hertha BSC, a traditional football club from Berlin.

Investments once again focus on marketing in the first quarter of 2016 to continue on the extremely positive economic growth development in the 2015 financial year. Despite these investments, EBITDA amounted to EUR 7.5 million (Q1 2015: EUR 9.6 million) in the first quarter of 2016.

In the first three months of the 2016 financial year, EBIT amounted to EUR 7.3 million, thus EUR 2.0 million down year-on-year (Q1 2015: EUR 9.3 million).

The Group's financial income increased to EUR 0.6 million (Q1 2015: EUR 0.5 million) as a result of the investment of the large volume of existing liquid assets and issuance of short-term loans at arm's length terms and conditions to the majority shareholder of bet-at-home.com AG. Accordingly, for the first quarter of 2016, earnings before taxes (EBT) amounted to EUR 7.9 million, about EUR 2.0 million higher than the comparative value in the previous year (Q1 2015: EUR 9.8 million).

Significant increase in gross betting and gaming revenue: In the first quarter of 2016, the gross betting and gaming revenue amounted to EUR 30.3 million, thus 6.4% up on the comparable period in 2015 (Q1 2015: EUR 28.4 million). In the first quarter of 2016, the betting and gaming volume of the bet-at-home.com AG Group totalled EUR 648.9 million (Q1 2015: EUR 587.5 million), 10.4% up year-on-year.

In the first quarter of 2016, the betting fees and gaming levies amounted to EUR 3.7 million, a slight increase year-on-year due to the increase in gross betting and gaming revenue (Q1 2015: EUR 3.5 million). In the first quarter of 2016, VAT regulations for electronic service providers in the European Union resulted in an expense of EUR 2.1 million (Q1 2015: EUR 1.6 million).