Preliminary figures show Tipp24 exceeded own forecasts for fiscal year 2013 - Announcement of special dividend and new dividend policy

02/27/2014
DGAP-Ad-hoc: Preliminary figures show Tipp24 exceeded own forecasts for fiscal year 2013 - Announcement of special dividend and new dividend policy


Tipp24 SE / Key word(s): Dividend/Preliminary Results
27.02.2014 13:28

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


According to preliminary and unaudited figures, Tipp24 SE exceeded its own forecasts for fiscal year 2013.

Following a winnings payout of EUR 15.7 million, Tipp24 downgraded its forecast for consolidated revenue at the beginning of December 2013 from between EUR 130 and 140 million to around EUR 124 million and its EBIT forecast from between EUR 20 and 30 million to around EUR 17 million.
Following its above-average performance in particular during December 2013, Tipp24 now expects consolidated revenue of around EUR 129.9 (prior year: 142.7) million and EBIT of around EUR 19.1 (prior year: EUR 56.5) million for fiscal year 2013. Consolidated net profit is expected to reach approx. EUR 10.4 (prior year: 40.9) million. This would result in preliminary earnings per share from continued operations of approx. EUR 1.32 (prior year: 4.99). Prior-year revenue and earnings were positively impacted by significant special items, such as the disclosure of hidden reserves from the spin-off of Lotto24 AG, and an unusually low level of winnings payouts. At the end of 2013, there were available funds of around EUR 138.3 (prior year: 131.7) million.

Tipp24 SE intends to announce its guidance for fiscal year 2014 at its annual press conference on 26 March 2014.

At its meeting today, the Executive Board of Tipp24 SE agreed to consider declaring and paying a one-off special interim dividend of EUR 7.50 per share at the end of April 2014.

The Executive Board furthermore decided to propose annual dividend payments to its shareholders starting in 2015. The first such dividend would be based on the annual financial statements for the current fiscal year 2014. The annual dividend is to amount to at least EUR 1.50 per share - provided that the company's financial position and performance enables such a dividend.


27.02.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:     English
Company:      Tipp24 SE
              25 Southampton Buildings
              WC2A 1AL London
              United Kingdom
Phone:        +44 (0)20 3739-7024
Fax:          +44 (0)20 3739-7099
E-mail:       frank.hoffmann@tipp24.co.uk
Internet:     www.tipp24-se.co.uk
ISIN:         GB00BHD66J44
WKN:          TPP024  
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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