Zeal Network SE — Earnings Release 2007

May 8, 2007

News Details

Ad-hoc | 8 May 2007 07:07

Tipp24 AG: Tipp24 posts its best-ever quarterly EBIT result

Tipp24 AG / Quarter Results

Release 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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The Tipp24 Group improved earnings before interest and taxes (EBIT) by 34.0
percent to EUR 2.2 million (prior year: 1.6) in the first three months of
its fiscal year 2007. The EBIT margin rose by 4.6 percentage points to 24.7
percent. Consolidated net profit for the period fell by 25.9 percent to EUR
1.6 million (prior year: EUR 2.2) due to a one-off tax effect in the
prior-year period.

In the first quarter of 2007 the Tipp24 Group raised billings to EUR 68.8
million (prior year: 62.7), representing year-on-year growth of 9.7
percent. Revenues grew by 9.4 percent to EUR 8.9 million (prior year: 8.1).
Gross margin – the ratio of billings to revenues – remained almost
unchanged from the same period last year at 13.0 percent. There was a
year-on-year increase in registered customers of 404 thousand to 1,839
thousand (1,434). Of this total, 69 thousand registered customers were
added in the first quarter of 2007 (prior year: 112 thousand).

Tipp24 has confirmed its business forecast for the fiscal year 2007: the
Company plans to stabilize its market share in the dynamic online lottery
market and expects further growth in billings and revenues of around 30
percent – assuming its activities in Germany remain legally permissible.

With regard to the number of registered customers, Tipp24 expects to add a
further 300 to 400 thousand. Due to the scalability of its business model,
the Executive Board of Tipp24 AG expects a similarly strong increase in
EBIT.

DGAP 08.05.2007

Language: English
Issuer: Tipp24 AG
Straßenbahnring 11-13
20251 Hamburg Deutschland
Phone: +49 (0)40 325533-0
Fax: +49 (0)40 325533-77
E-mail: office@tipp24.de
www: www.tipp24-ag.de
ISIN: DE0007847147
WKN: 784714
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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