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JAXX SE: preliminary figures Q4 2010

JAXX SE  / Key word(s): Preliminary Results

31.01.2011 07:46

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JAXX SE (ISIN DE000A0JRU67), listed in the Prime Standard of Deutsche
Börse, achieved consolidated revenues from continuing operations of EUR
41.0 million in the fourth quarter of 2010 according to provisional,
unaudited figures - the highest quarterly revenue in the history of the
company. This compares with EUR 37.3 million in the prior-year quarter (+10
percent). Compared with Q3 2010, revenues rose by 60 percent.

Growth was driven by the sports betting area, on which the JAXX Group has
been focusing since its restructuring last year. In the fourth quarter,
EBIT from continuing operations amounted to EUR -1.5 million (previous
year: EUR 0.3 million), this figure being influenced on the one hand by a
weak performance in the crisis-hit Spanish market and on the other hand by
a significant increase in the marketing budget for the expansion of sports
betting business.

For the 2010 financial year as a whole, provisional figures show that the
JAXX Group increased its revenue from continuing operations by 17 percent
to EUR 134.0 million (previous year: EUR 114.5 million). EBIT remained
negative due to the increased marketing costs and one-off expenses for
restructuring as well as weak business in Spain, but improved year on year
from EUR -2.8 million to EUR -2.4 million.

JAXX will publish the 2010 Annual Report with the final, audited figures
and a detailed outlook on March 31, 2011.




Contact:
JAXX SE
Investor Relations & Corporate Communications
Stefan Zenker
Tel. +49 (40) 85 37 88 47
Fax +49 (40) 85 37 88 30
Mail stefan.zenker@jaxx.com










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Language:     English
Company:      JAXX SE
              Jägersberg 23
              24103 Kiel
              Deutschland
Phone:        +49 (0)431 88 104-0
Fax:          +49 (0)431 88 104-40
E-mail:       ir@jaxx.com
Internet:     www.jaxx-se.com
ISIN:         DE000A0JRU67
WKN:          A0JRU6
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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