bet-at-home.com AG

Gross betting and gaming revenue increase by 6.4% in the first quarter of 2016 - Seite 2

The net betting and gaming revenue thus increased by 4.6% to EUR 24.5 million (Q1 2015: EUR 23.4 million).

Further strengthening of the brand's recognition and development of the customer base: In the reporting period, marketing expenses of EUR 8.8 million (Q1 2015: EUR 6.5 million) were up year-on-year due to the sponsoring agreement with Hertha BSC and other individual marketing measures in the first quarter of 2016. The partnership with the traditional football club from Berlin has demonstrably strengthened the brand's recognition in Germany, one of the company's core markets, and gross revenue increased by 6.4% year-on-year as a result.

At the end of the first quarter of 2016, the bet-at-home.com AG group had more than 4.3 million registered customers (Q1 2015: 4.1 million).

The other operational expenses for the first quarter of 2016 amounted to EUR 4.4 million, which is EUR 0.4 million higher than the value in the previous year (Q1 2015: EUR 4.0 million). This increase resulted from further investments in the broad product portfolio in the reporting period.

Stable asset and capital structure: As at 31 March 2016, the new, significant earnings contribution in the current reporting period considerably boosted Group equity to EUR 99.2 million (31 December 2015: EUR 94.0 million), resulting in a Group equity ratio of 73.9% (31 December 2015: 74.2%).

Furthermore, as at 31 March 2016, the bet-at-home.com AG Group held liquid assets and current securities in the amount of EUR 53.4 million (31 December 2015: EUR 50.1 million). Furthermore, short-term loans of EUR 55.0 million that were issued to the main shareholder were declared on 31 March 2016. These loans were granted in accordance with the arm's length principle, and they were collateralised by the title bearers of the majority shareholder in accordance with the joint-and-several principle.

Outlook: From the current point of view, the management board assumes that if the regulatory and fiscal environment remains unchanged, the gross gaming revenue will increase by 10% and reach the level of EUR 134.0 million in the 2016 financial year. For fiscal year 2016, the management board expects from a current perspective an EBITDA at the level of about EUR 30.0 million.

About bet-at-home.com: bet-at-home.com AG Group is an online gaming and sports betting company. With more than 4.3 million registered customers around the world, the Group, which is listed at the stock exchange in Frankfurt, along with its subsidiaries is one of the most successful online gaming providers in Europe. The varied options offered on www.bet-at-home.com include sports betting, poker, casino, games and virtual sports. bet-at-home.com has companies in Germany, Austria, Malta and Gibraltar. The success of the Group is partly attributable to our employees; as at 31 March 2016, the group employed 284 staff members. The group holds licences via its Maltese companies for online sports betting and online gaming. These licences allow the Group to organise and market online sports betting and online casinos. Since 2009, bet-at-home.com AG has been a member of the Betclic Everest SAS Group, a leading French group specialising in online gaming and sports betting.



(end)

emitter: bet-at-home.com AG address: Tersteegenstrasse 30, 40474 Düsseldorf country: Germany contact person: Mag. Klaus Fahrnberger phone: [phone] e-mail: [e-mail] website: www.bet-at-home.com

ISIN(s): DE000A0DNAY5 (share) stock exchanges: entry standard in Frankfurt

[ source: http://www.pressetext.com/news/20160502014 ]