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JAXX achieves comfortably positive EBIT in third quarter


JAXX SE / Key word(s): Quarter Results

26.10.2011 / 09:25


JAXX achieves comfortably positive EBIT in third quarter

- JAXX Group EBIT climbs to EUR 1.0 million in Q3 2011

- Prime Ministers seeking closure in gaming treaty dispute by end of this week

Kiel, October 26, 2011 - Provisional calculations indicate that JAXX SE (ISIN DE000A0JRU67) has achieved one of its best sets of trading figures to date for the third quarter. Earnings before interest and taxes (EBIT) from continuing operations totalled EUR 1.0 million. This contrasted with the prior-year figure, when the Kiel-based financial holding company that focuses on investments in the gaming industry had posted a group loss of EUR 1.5 million.

Revenue from continuing operations was improved by around 23 percent to EUR 13.3 million (previous year: EUR 10.8 million). Online sports betting business again performed particularly well, with year-on-year growth of around 50 percent.

Stefan Hänel, Finance Director of JAXX SE, commented: 'In general the third quarter is one of the betting industry's weakest periods due to football's close season. That makes it all the more pleasing that we have managed to turn results around despite the difficult conditions. We are now looking to the fourth quarter with confidence and aiming for a further improvement in profitability.'

In regulatory terms, too, JAXX has now been given the green light: with Schleswig-Holstein having become the first federal state in Germany to pass its own legislation on the reorganisation of the gaming market, it is now the turn of the remaining states to act. At this week's meeting in Lübeck (October 27-28) the Prime Ministers will again be discussing a mutually agreeable solution. However, Schleswig-Holstein has already made it clear in advance that there is basically no room for negotiation because the legislation it has passed already concludes the policy-making process.

The full Nine-Month Report of JAXX SE will be published on November 10.

About JAXX:

JAXX SE, listed in the Prime Standard of Deutsche Börse, is a financial holding company with holdings in international companies in the gaming industry. JAXX currently holds interests in companies in Germany, the UK, Spain, Austria, Malta and Belgium. JAXX SE has its headquarters in Kiel. The holding companies cover the entire spectrum of the games and gambling industry. Depending on national regulatory structures, they broker or market sports and horse betting, lotteries, and casino and poker games. The shares of JAXX SE have been traded at Deutsche Börse since 1999 under ISIN DE000A0JRU67.

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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