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Group data for the first half of 2020

DGAP News: bet-at-home.com AG / Keyword: Half-year performance
03.08.2020 / 10:00
The issuer is solely responsible for the content of this announcement.

Group data for the first half of 2020 [01.01. to 30.06.2020]:

  • Total gambling and gambling revenue is 62.3 million euros
  • EBITDA for the first half of 2020 is 15.8 million euros
  • Cash and short-term fixed deposits of 60.7 million euros as of June 30, 2020

Dusseldorf, August 3, 2020

The impact of the COVID-19 pandemic in the first half of 2020 on business development:
Beginning in mid-March 2020, when international sporting events are cancelled or postponed, the impact of the pandemic will become apparent. However, at this stage, as customers of the bet-at-home.com AG group shift to e-sports and edge sports, the demand for other betting proposals remains almost unchanged.

With the gradual resumption of competition activities in the European National Football League in May 2020 and the postponement of the development of important events such as the Champions League or Europa League, it usually has a positive impact on the summer months with lower incomes. In addition, international tennis competitions are expected to resume in the second half of 2020.

Online gaming businesses, including casinos, live casinos, virtual sports and poker, have not been negatively affected by the pandemic.

Outlook for fiscal year 2020:
From the current point of view, the management committee still expects total gaming and gaming revenue in fiscal 2020 to be between 120 million euros and 132 million euros. Compared with fiscal year 2019, the decline in total gaming and gaming revenue is due to legal restrictions. Individual markets. It is not yet possible to estimate the potential decline in revenue due to changes in German regulations, so it has not been considered.

In addition, the management committee still expects EBITDA for the 2020 fiscal year to be between 23 million euros and 27 million euros.

Revenue development in the first half of 2020:
By the first half of 2020, total gaming and gambling revenue will be 62.3 million euros, so due to legal restrictions in each market, revenue is expected to be lower than the previous year's figure [first half of 2019: 71.1 million euros]. During this period, the total betting and gambling of the bet-at-home.com AG group was 1,463.1 million euros [first half of 2019: 1,548.4 million euros].

In the first half of 2020, gaming fees and game levies were 10.9 million euros [first half of 2019: 10.2 million euros]. During the same period, the electronic service value-added tax had a negative impact of 2.4 million euros on revenue [first half of 2019: 2.2 million euros].

As a result, net gaming and gambling revenue in the first half of 2020 is 49.1 million euros [first half of 2019: 58.7 million euros].

Investments in brand awareness in the first half of 2020:
Marketing expenses reached 13.6 million euros in the first half of 2020, which is lower than the same period of the previous year [first half of 2019: 16.7 million euros], because the reduction compared to the previous year was due to the postponement of the European Football Championship to 2021.

As of June 30, 2020, the bet-at-home.com AG group has 5.3 million registered customers [June 30, 2019: 5.1 million].

Earnings development in the first half of 2020:
In the first half of 2020, Earnings before interest, taxes, depreciation and amortization It reached 15.8 million euros, which was lower than the same period last year [first half of 2019: 21.3 million euros]. In the second quarter of 2020, EBITDA reached 6.8 million euros [the second quarter of 2019: 8.6 million euros]. Income before tax [EBT] In the first half of 2020 is 14.9 million euros [first half of 2019: 20.4 million euros].

Stable assets and capital structure:
Due to the contribution to earnings during the reporting period, as of June 30, 2020, the group equity increased to 51.6 million euros [December 31, 2019: 41.6 million euros], and the consolidated equity ratio was 50.6% [December 31, 2019] ]: 43.7%].

As of June 30, 2020, the bet-at-home.com AG group also held current assets and short-term fixed deposits of 60.7 million euros [December 31, 2019: 54.8 million euros].

Regarding betting at home:
bet-at-home.com AG Group is active in the field of online games and online sports betting. The company [listed on the Frankfurt Stock Exchange] has 5.3 million registered customers and, together with its subsidiaries, is one of the most successful online gambling and online gaming providers in Europe. The various options available on www.bet-at-home.com include sports betting, poker, casinos, games and virtual sports. Betting at home has companies in Germany, Austria, Malta and Gibraltar. As of June 30, 2020, the company's successful development is attributed to its 288 employees. The Group has various licenses for online sports betting and gaming through its Maltese company. The license allows companies to organize and sell online sports betting and online casinos. Since 2009, bet-at-home.com AG has become part of the Betclic Everest SAS Group, the leading group in the field of online gaming and sports betting in France.

On March 8, 2020, the dissemination of corporate news transmitted by DGAP-service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP distribution services include regulatory announcements, financial/corporate news and press releases.
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