DGAP-News

mybet Holding SE publishes report on the first half of 2014 - Seite 2

million are almost at the level of the previous year (H1 2013: EUR 51.6
million). The offline betting stakes rose significantly by 12.9 percent to
EUR 42.8 million (H1 2013: EUR 37.9 million).

In the first half of 2014, revenue fell as scheduled in the Casino & Poker
segment from EUR 12.4 million in the comparative period of the previous
year by 11.9 percent to EUR 10.9 million. In the comparative period in the
previous year, there were still revenues from European markets which are
now no longer served.

The Horse Betting segment in the first half of 2014 recorded an increase in
revenue from EUR 2.4 to EUR 3.1 million. This was the result of strong
growth of online business. Revenue of the other operating segment, which is
strongly impacted by the activities of C4U Malta Ltd., fell in the first
half of 2014 in comparison with the comparative period of the previous year
from EUR 601 thousand to EUR 495 thousand.

The liquidity position of the mybet Group improved further in the first
half of 2014 in comparison with December 31, 2013. At the end of the second
quarter 2014, the company had cash and cash equivalents of EUR 9.2 million.

Outlook

After the first half of 2014, the outlook for the second half and the full
2014 year overall is at the upper end of our expectations. One of the most
significant events in the second half of 2014 is the possible issuance of a
licence by the Hessian Ministry of the Interior and for Sports. But at the
present time it continues to be open as to when the decisions in this
regard will be made, and what they will be. mybet will continue to
concentrate fully on the successfully initiated implementation of the
turn-around - the first important steps were already taken in the first
half of 2014 and are reflected both in the increase in revenue and also in
profitability in the first half year.

With the start of the soccer season in Europe at the end of August 2014,
the core business of providers of sports betting will begin again.
Seasonally, the second half year is the strongest phase in the annual
financial cycle of betting providers. For the full 2014 year, the
Management Board continues to expect a balanced, slightly positive EBIT
with slightly increasing revenue of EUR 70 to 75 million.



Key figures 6M 2014

                                       6M 2014       6M 2013        Change

                                       EUR '000      EUR '000       %

Revenue                                   34,419         34,269       +0.4