MYBET HOLDING SE mybet Holding SE firms up forecast for 2015
2015-05-11 17:03:44.0
mybet Holding SE / Key word(s): Forecast/Alliance
11.05.2015 17:03
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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mybet Holding SE firms up forecast for 2015
Kiel, May 11, 2015 - A subsidiary of mybet Holding SE (ISIN DE000A0JRU67)
has today signed a term sheet with amelco UK Ltd., a specialist for the
development of software solutions and products for the betting industry.
The future partners have therefore now defined the cornerstones of their
envisaged future cooperation, according to which mybet would like to use
amelco's services in future to comprehensively overhaul its Sports Betting
product range and realise further improvements in system stability. The
cooperation remains subject to a definitive contract being concluded. The
signing of the contract is envisaged for June at the latest. Today's
decision signals the determination of the Management Board of mybet Holding
SE to use proprietary products to make up ground on its main competitors in
the industry.
As previously communicated as an alternative scenario in the 2014 Annual
Report, the planned partnership affects the full-year forecast for 2015. In
the assessment of the Management Board, the decision to technologically
extend the product range in collaboration with an external service provider
could help revenue reach the upper end of the forecast revenue range of EUR
70 to 75 million, or in the best case just exceed this level. Between now
and the conclusion of the final contract, the specific project plan will be
jointly agreed and the details of performance parameters and payment terms
will be finalised. In view of the investment outlay necessitated by the
project, the Management Board expects EBIT for the 2015 financial year to
reach a maximum of EUR -0.5 million. The Management Board currently expects
that this investment spending will have a clear impact on the overall
result from the 2016 financial year and that overproportional rises in
earnings could then be realistic.
Issuer: mybet Holding SE
Jägersberg 23
24103 Kiel, Germany
ISIN DE000A0JRU67
WKN A0JRU6
Stock exchanges: Frankfurt, Xetra, regional stock exchanges in Stuttgart,
Munich, Berlin, Hamburg and Düsseldorf
Contact: mybet Holding SE
Investor Relations & Corporate Communications
Yulia Link
Tel. +49 (40) 8537 8847
Fax +49 (40) 8537 8830
Mail yulia.link@mybet.com
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Information and Explaination of the Issuer to this News:
Sven Ivo Brinck, CEO: 'We are delighted to have found a strong and
experienced partner with which to realise our goals in amelco
(www.amelco.co.uk). The product solution to be developed in partnership
with amelco is based on the successful services already provided by amelco
and encompasses sports betting, risk management and bonus administration.
We are developing a multifunctional product range that will revolutionise
our sports betting range across all our sales channels, online and offline.
Together, we will be able to speed up realising the innovations and
transformation processes that we have embarked upon under the auspices of
the change project.' 'We are facing an exciting and challenging project,
the precise scope of which we will define hand in hand with amelco over the
coming weeks. Although the project investment needed will be a burden on
the 2015 result, we believe it will start to have a positive impact on
revenue before the end of 2015 and then produce overproportional earnings
growth in the coming financial year fo 2016. A big opportunity for mybet.'
remarked Chief Financial Officer Markus Peuler.
11.05.2015 The DGAP 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: mybet Holding SE
Jägersberg 23
24103 Kiel
Germany
Phone: +49 40 85 37 88-0
Fax: +49 40 85 37 88-30
E-mail: ir@mybet.com
Internet: www.mybet-se.com
ISIN: DE000A0JRU67
WKN: A0JRU6
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of Announcement DGAP News-Service
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