DGAP-News: Lotto24 AG accelerates growth
(firmenpresse) - DGAP-News: Lotto24 AG / Key word(s): Half Year Results
Lotto24 AG accelerates growth
06.08.2013 / 08:32
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Press release on the first six months of 2013
Lotto24 AG accelerates growth
- Strong revenue growth and increase in number of registered customers due
to start of marketing
- All KPIs progress as planned
(Hamburg, 6 August 2013) Lotto24 AG today published results for the first
six months of fiscal year 2013. After receiving the important advertising
permit in mid March, the company was able to expand its marketing
activities in the second quarter of 2013 - on top of numerous online
advertising activities, Lotto24 launched a first nationwide TV campaign.
All key performance and customer indicators are in line with expectations
and the underlying assumptions of the business model.
Petra von Strombeck, CEO of Lotto24 AG, stated: 'At the end of the first
quarter, we were able to start a broad marketing campaign. Accordingly, we
have significantly accelerated our growth in the second quarter. All KPIs
are in line with our expectations and confirm the Lotto24 business model.
For the third quarter, we expect another significant increase in the number
of registered customers, billings and revenues.'
As a result of our marketing activities, we were able to double the number
of registered customers from 44 thousand to 97 thousand, compared to the
end of the previous quarter. Likewise, billings and revenues more than
doubled, from EUR 2 million to approximately EUR 5.2 million, and from EUR
195 thousand to EUR 464 thousand, respectively. In particular due to
planned start-up investments, especially for marketing, EBIT dropped from
EUR -1.4 million to EUR -3.1 million.
In May 2013, the German State Lotteries introduced significant price and
product changes, which had an overall positive impact on the Lotto24
business: due to the price increase, we saw an average growth in the stakes
for the most important product»Lotto 6aus49«of around 10%. At the same
time the change causes jackpots grow much more quickly - and due to the
proven correlation between large jackpots and strong customer growth, this
should also have a positive long-term effect on revenue.
The complete interim financial report is published on the website of
Lotto24 AG in the Investor Relations section: www.lotto24-ag.de.
Q2 investors call
The executive management of Lotto24 AG invites all interested analysts,
investors and journalists to discuss its Q1 2013 results in a conference
call today at 4:00 p.m. (CET). In order to attend the call, please dial:
+49 69 2475 01897.
About Lotto24 AG: Lotto24 AG (formerly Tipp24 Deutschland GmbH) was founded
by Tipp24 SE in 2010 in order to resume the commercial online brokerage of
games of chance in Germany. Following the successful spin-off from its
parent company, Lotto24 AG has been listed as an independent company on the
Prime Standard segment of the Frankfurt Stock Exchange since 3 July 2012.
Lotto24 AG focuses on brokering state-licensed lottery products, such as
'Lotto 6aus49', 'Spiel 77', 'Super 6', 'EuroJackpot' and 'Glücksspirale'
via the Internet (www.lotto24.de). Lotto24 enters into gaming contracts
with the respective lottery companies on behalf of and in the name of the
game participant. Lotto24 aims to become Germany's leading online broker of
lottery products.
Press contact:
Lotto24 AG
Frank Schwarz
Tel.: +49 (0) 611 / 1745 398 0
E-mail: ir(at)lotto24.de
Internet: www.lotto24-ag.de
End of Corporate News
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06.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group 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: Lotto24 AG
Neuer Wall 63
20354 Hamburg
Germany
Phone: +49 (0)40 8 222 39 0
Fax: +49 (0)40 8 222 39 70
E-mail: ir(at)lotto24.de
Internet: www.lotto24-ag.de
ISIN: DE000LTT0243
WKN: LTT024
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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224327 06.08.2013
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Datum: 06.08.2013 - 08:32 Uhr
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