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mybet Holding SE: Raise of earnings and cash position forecast 2017

mybet Holding SE / Key word(s): Change in Forecast

24-May-2017 / 10:57 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

mybet Holding SE: Raise of earnings and cash position forecast 2017

Berlin, 24 May 2017. After approval by the Supervisory Board has been granted, the Management Board of mybet Holding SE today has raised the target values for the earnings before interest and taxes (EBIT) as well as for the cash position at the end of the financial year 2017.

The new forecast 2017, with an unchanged revenue target of EUR 44.5 to 47 million, holds out the prospect of an EBIT between EUR 4.5 to 5.5 million as well as of a cash position between EUR 1.0 and 2.0 million. Until now, the forecast had included a revenue of EUR 44.5 to 47 million, an EBIT between EUR -3.2 and -2.7 million and a cash position between EUR 0.3 and 1.0 million.

The reason for the raise of the earnings and cash position forecast is the out-of-court settlement agreed on and announced on 15 May 2017 with Westdeutsche Lotterie GmbH & Co. OHG (Westlotto) in the legal proceedings about damage claims for cartel infringement. The settlement includes the payment of EUR 11.8 million by Westlotto to SWS Service GmbH, a group company of mybet Group. After redeeming a financing agreement directly connected with the legal proceedings, this payment leads to an inflow of additional liquid funds in the amount of around EUR 4.9 million during the second quarter 2017. Based on this new financing situation, the Management Board has adjusted the operational plans for the financial year 2017.

Notifying company:
mybet Holding SE, ISIN DE000A0JRU67, Frankfurt Stock Exchange Prime Standard

Notifying person:
Sebastian Bucher, Manager Investor & Public Relations

Information and Explanation of the Issuer to this News:

mybet Holding SE
The mybet Group, licensed in several European countries to offer sports betting and online casino games, has its registered office in Berlin and locations in Cologne and Malta. mybet offers its betting and gaming products over the internet platform mybet.com as well as at land-based betting shops operating under a franchise system. In addition, the group supplies regional betting providers in Europe and Africa as a B2B service provider.
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 | www.mybet.com | www.mybet-shop.com

mybet Holding SE
Sebastian Bucher
Investor & Public Relations

tel +49 30 22 90 83 161
fax +49 30 22 90 83 150
e-mail sebastian.bucher@mybet.com

24-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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