DGAP-News: JAXX achieves EBIT of EUR 1.6 million in 2011
(firmenpresse) - DGAP-News: JAXX SE / Key word(s): Preliminary Results
JAXX achieves EBIT of EUR 1.6 million in 2011
19.03.2012 / 11:39
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JAXX achieves EBIT of EUR 1.6 million in 2011
- Revenue rises by 19 percent to EUR 60.7 million
- Sales process for lottery operations on track, but completion delayed
- Granting of licence in Schleswig-Holstein expected in April
Kiel, March 19, 2012 - According to provisional, unaudited figures JAXX SE
(ISIN DE000A0JRU67) achieved consolidated earnings before interest and
taxes of EUR 1.6 million in the past financial year of 2011. The revenue of
the JAXX Group rose by 19 percent, from EUR 51.2 million in the previous
year to EUR 60.7 million in the 2011 financial year. Business particularly
for the group subsidiary myBet, which offers sports betting, casino and
poker products, put on a renewed spurt in the fourth quarter. The
definitive figures will be published in the 2011 Annual Report on March 30,
2012.
Sale of lottery business on track
The sale of the lottery operations, which JAXX has been pursuing since
mid-January, is substantively progressing according to schedule. However
the process has been delayed by several weeks because the task of demerging
the companies and assets and drawing up the agreements is taking more time
than originally envisaged. Based on its negotiations, JAXX continues to
expect the sale to yield proceeds of EUR 12.5 million.
Licensing procedures moving forward swiftly
JAXX and myBet submitted an application for the granting of a sports
betting and casino licence to the Schleswig-Holstein Ministry of the
Interior by the deadline of March 1. Although the authorities have not yet
given a precise date for the awarding of the licence, JAXX expects it to be
granted in the course of April, so that business operations can then start.
In Italy, myBet has now secured a state gaming licence from the AAMS. The
sports betting, casino and poker product range is to go online at myBet.it
in the next few weeks. In Spain, the application for a casino licence was
submitted by the deadline of the end of 2011. However, because of the large
number of applicants, official approval and the start of operations are not
expected in the course of the second quarter of 2012.
About JAXX:
JAXX SE, listed in the Prime Standard of Deutsche Börse, is a financial
holding company with holdings in international companies in the gaming
industry. JAXX currently holds interests in companies in Germany, the UK,
Italy, Spain, Austria, Malta and Belgium. JAXX SE has its headquarters in
Kiel. The holding companies cover the entire spectrum of the games and
gambling industry. Depending on national regulatory structures, they broker
or market sports and horse betting, lotteries, and casino and poker games.
The best-known brands of the JAXX Group include the sports betting provider
myBet. The shares of JAXX SE have been traded at Deutsche Börse since 1999
under ISIN DE000A0JRU67.
Contact:
JAXX SE
Investor Relations&Corporate Communications
Stefan Zenker
Tel. +49 (40) 85 37 88 47
Fax +49 (40) 85 37 88 30
Mail stefan.zenker(at)jaxx.com
End of Corporate News
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19.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: JAXX SE
Jägersberg 23
24103 Kiel
Germany
Phone: +49 (0)431 88 104-0
Fax: +49 (0)431 88 104-40
E-mail: ir(at)jaxx.com
Internet: www.jaxx-se.com
ISIN: DE000A0JRU67
WKN: A0JRU6
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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161175 19.03.2012
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