Tipp24 SE: Statistically unusually high winnings payout

Tipp24 SE / Miscellaneous

17.05.2010 19:14

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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MyLotto24 Ltd, a fully consolidated minority holding of Tipp24 SE, has declared a jackpot payout of EUR 11.7 million on 15 May 2010 in a secondary lottery it organized.

Including the above jackpot prize, the amount of winnings payouts for secondary lotteries as of 15 May 2010 was EUR 19.3 million in total above the statistical average. This has resulted so far in a negative revenue effect of the same amount and a negative EBIT effect of EUR 17.1 million.
Taken alone, this would result in a reduction of expected revenue and earnings. However, these negative effects may be offset by winnings payouts during the remaining months of the current fiscal year which are well below the statistical average, or by significantly increased stakes received due to a very high jackpot. In view of the statistical fluctuations inherent in such a business model, it is too early at present to make a specific forecast update. Tipp24 SE plans to update its forecast as scheduled as part of its half-yearly financial report.

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





17.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. 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-ag.de
ISIN:         DE0007847147
WKN:          784714
Indices:      SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Hamburg, Stuttgart  
End of News DGAP News-Service  

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