Preliminary figures show Tipp24 exceeded own forecasts for fiscal year 2011 and once again posted record earnings

Tipp24 SE  / Key word(s): Preliminary Results

31.01.2012 13:41

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According to preliminary and unaudited figures, Tipp24 SE exceeded its own
forecasts for fiscal year 2011 and once again posted best-ever revenue and
earnings figures. In November 2011, Tipp24 upgraded its consolidated
revenue forecast from originally EUR 100 million to EUR 130 million and
raised its EBIT forecast already in June from originally EUR 30 million to
around EUR 40 million. Following an exceptionally strong second half of the
year, Tipp24 now expects consolidated revenues for 2011 to reach approx.
EUR 142 (prior year: 104.4) million. This would correspond to revenue
growth of around 36 percent.

There was also strong growth in EBIT of around 64 percent, from EUR 30.3
million in the previous year to an expected figure of around EUR 50 million
in fiscal year 2011. Consolidated net profit is expected to reach approx.
EUR 32 (19.6) million. This would result in preliminary earnings per share
of approx. EUR 4 (2.53). Consolidated cash and cash equivalents at the end
of 2011 amounted to around EUR 130 (90.9) million.

Tipp24 SE intends to announce its guidance for fiscal year 2012 at its
annual press conference on 28 March 2012.


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Language:     English
Company:      Tipp24 SE
              Straßenbahnring 11
              20251 Hamburg
              Germany
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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