bet-at-home.com AG
bet-at-home.com AG: EBITDA increased by 12.8% to EUR 27.0 million in the first three quarters of 2019
DGAP-News: bet-at-home.com AG
/ Key word(s): Quarterly / Interim Statement
Group figures for the first three quarters of 2019 (1 January to 30 September 2019):
Positive revenue development in the first three quarters 2019: Betting fees and gaming levies in the first three quarters of 2019 were slightly higher than in the same period of the previous year at EUR 15.4 million (Q1-Q3 2018: EUR 15.2 million). In the first three quarters of 2019, VAT on electronic services led to a negative impact on earnings of EUR 3.5 million (Q1-Q3 2018: EUR 5.9 million). Accordingly, net betting and gaming revenue increased disproportionately by 5.7% to EUR 87.9 million (Q1-Q3 2018: EUR 83.2 million). Strengthening of the popularity of the brand and development of the customer base: Thus, marketing expenses in the first three quarters of 2019, at EUR 29.3 million and excluding large sporting events, were exactly at the level of the same period of the previous year, which included the 2018 Football World Cup in Russia (Q1-Q3 2018: EUR 29.3 million). As at 30 September 2019, the bet-at-home.com AG Group had 5.2 million registered customers (30/09/2018: 5.0 million).
Stable asset and capital structure: In addition, corporate income tax back payments for the assessment periods 2013 to 2018 resulted in an additional tax burden of EUR 11.5 million on income taxes as a result of an audit at the Austrian group company bet-at-home.com Entertainment GmbH, which has significant influence both on the consolidated profit for the period and the total comprehensive income after the first three quarters of 2019. This resulted in a Group equity ratio of 37.4% as of the reporting date (31/12/2018: 67.0%).
Furthermore, the Management Board still expects EBITDA to amount between EUR 29 million and EUR 33 million in the fiscal year 2019.
About bet-at-home.com:
04.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | bet-at-home.com AG |
Tersteegenstrasse 30 | |
40474 Düsseldorf | |
Germany | |
Phone: | +49 211 17934 770 |
Fax: | +49 211 17934 757 |
E-mail: | ir@bet-at-home.com |
Internet: | www.bet-at-home.ag |
ISIN: | DE000A0DNAY5 |
WKN: | A0DNAY |
Listed: | Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: | 903423 |
End of News | DGAP News Service |