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mybet Holding SE: Adjustment to 2017 sales and earnings forecast

mybet Holding SE / Key word(s): Profit Warning
mybet Holding SE: Adjustment to 2017 sales and earnings forecast

02-Feb-2018 / 17:23 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: Adjustment to 2017 sales and earnings forecast

Berlin, 2 February 2018. Based on the preliminary figures for the fourth quarter of 2017, the Management Board of mybet Holding SE has adjusted the target values of its forecast for Group sales and Group earnings before interest and taxes (EBIT) for the financial year 2017.

The reasons for the forecast adjustment are delays encountered in online business in the company's core markets, Greece and Ghana. Whereas the fourth quarter of 2017 turned out to be substantially more positive in relation to the previous quarters, contrary to expectations it was not possible to fully offset the losses sustained in the first three quarters.

The Management Board and Supervisory Board of mybet Holding currently assume that sales revenues amounted to 34.5 to 35.0 million euros (most recent forecast: 35.5 to 37.5 million euros) and EBIT was around 1.0 million euros (most recently: 2.5 to 3.0 million euros). The level of liquidity at the end of the year, forecast to reach about 1.8 million euros (recent forecast: around 1.0 million euros), is likely to be nearly twice as high as in the previous year (1.0 million euros).

The full 2017 annual report will be available from 29 March 2018.


 

 


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

Contact
mybet Holding SE
Investor & Public Relations
tel +49 30 22 90 83 161
fax +49 30 22 90 83 150
e-mail ir@mybet.com


02-Feb-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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