Tipp24 SE: Preliminary figures show Tipp24 exceeded own forecasts for fiscal year 2010 and posted record earnings

Tipp24 SE / Key word(s): Change in Forecast
19.01.2011 23:44

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement acc. to Sec. 15 WpHG

Preliminary figures show Tipp24 exceeded own forecasts for fiscal year 2010 and posted record earnings

(Hamburg, 19 January 2011) According to preliminary and unaudited figures, Tipp24 SE exceeded its own forecasts for fiscal year 2010 and posted its best-ever revenues and earnings. In August 2010, Tipp24 had downgraded its consolidated revenue forecast from originally EUR 100 million to EUR 90 million and its EBIT forecast from originally EUR 40 million to EUR 20 million. Following an exceptionally strong fourth quarter, Tipp24 now expects consolidated revenues for 2010 to reach approx. EUR 104 (prior year: 89.6) million. This would correspond to revenue growth of around 15%.
There was also strong growth in EBIT, from EUR 23.1 million in the previous year to an expected figure of around EUR 30 million in fiscal year 2010. Consolidated net profit is expected to reach approx. EUR 19 (17.5) million. This would result in preliminary earnings per share of approx. EUR 2.46 (2.26). Consolidated cash and cash equivalents at the end of 2010 amounted to around EUR 92 (81.1) million.

Tipp24 SE intends to announce its forecast for fiscal year 2011 at its annual press conference on 30 March 2010.

Additional information:
ISIN: DE0007847147
WKN: 784714 
Trading: Official Market / Prime Standard; Frankfurt Stock Exchange Registered office: Germany

Contact:
Tipp24 SE
Frank Hoffmann 
Investor Relations
Tel: +49 40 32 55 33-142
E-mail: frank.hoffmann@tipp24.de
Internet: www.tipp24-se.de


19.01.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Tipp24 SE
              Straßenbahnring 11
              20251 Hamburg
              Deutschland
Phone:        +49 (0)40 325533-0
Fax:          +49 (0)40 325533-77
E-mail:       office@tipp24.de
Internet:     www.tipp24-se.de
ISIN:         DE0007847147
WKN:          784714
Indices:      SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  
End of Announcement DGAP News-Service  

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