DGAP-News

mybet Group: First-quarter operating performance still subdued despite progress in retail business - Seite 2

mybet was still unable to complete the sale of the subsidiary C4U Malta
Ltd. within the first quarter due to the pending approval of the relevant
Maltese authorities. This approval had latterly been expected by the end of
April 2016. The general liquidity situation therefore remained unchanged at
the end of the quarter.

New start date for higher-performance platform
Throughout the first quarter of 2016 mybet continued to work hard to finish
the development work on the new online platform. This will restore the
company's highly attractive competitive position thanks to the
significantly expanded sports betting and casino offering. However the
start date has been rescheduled once again after the end of the first
quarter: "We would have loved to use the Football European Championship as
the launch opportunity for our new platform. But in the interests of the
best possible standard of customer satisfaction, which is absolutely
critical to the future of mybet, we have decided in favour of additional
detail work to the platform," explained Zeno Osskó, CEO of mybet Holding
SE. The new start date for the platform has been set for the period between
mid-July and early August 2016, in other words before the new season in
European football leagues starts.

Outlook 2016
The Management Board confirmed the current revenue and earnings forecast
with the publication of the Quarterly Statement. However especially in view
of the need to move the start of the new platform until after EURO 2016,
the Management Board points out the resulting increased risk to the revenue
forecast being achieved, even if regular league football plays a much
bigger part in the economic result of the company than the European
Championship. For the 2016 financial year, mybet is currently targeting
revenue growth of eight to twelve percent and a positive EBIT in the low
seven-digit range.
Furthermore, the Management Board will now prepare alternative scenarios in
detail in order to secure the financing of operating activities in the
event of a further delay to the cash inflow from the sale of C4U.

The complete Quarterly Statement has been published on the website of mybet
Holding SE at https://mybet-se.com/en/category/finanzberichte/


mybet Holding SE
The mybet Group, licensed in several European countries to offer sports
betting and online casino games, has its registered office in Kiel,
Germany, and locations in Berlin, Hamburg, Cologne and Malta. mybet offers
its betting and gaming products over the internet platforms mybet.com and
mybet.de as well as at physical betting shops operating under a franchise
system. In addition the group supplies regional betting providers in Europe
and Africa in the capacity of B2B service provider, and is also active in
horse betting.
mybet Holding SE is the parent company of the mybet Group. The shares of
mybet Holding SE (ISIN DE000A0JRU67) are listed on the Frankfurt Stock
Exchange in the Prime Standard.
For further information, visit www.mybet-se.com


Contact:
mybet Holding SE
Sebastian Bucher
Investor & Public Relations
Tel: [phone]
Fax: [phone]
Mail: [e-mail]


---------------------------------------------------------------------------

12.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: mybet Holding SE
Jägersberg 23
24103 Kiel
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.mybet-se.com
ISIN: DE000A0JRU67
WKN: A0JRU6
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


End of News DGAP News Service
---------------------------------------------------------------------------

462877 12.05.2016