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mybet Releases 2012 Financials

Internet betting site mybet Holding SE has released its 2012 financial report, noting a 14% increase in revenues over the same period in 2011 due to large sportsbetting numbers.

Key financial indicators for the year ending December 31st, 2012 were:

  • Revenue of €69.2 million (2011: €60.7 million), an increase of 14%.

  • An improved EBIT of €7.2 million (2011: €1.6 million), boosted by the sale of German lottery operations.

  • Net profit of €6.2 million (2011: €1.5 million).

  • Earnings per share of 25 cents (2011: 6 cents).

  • Sportbetting revenue of €33.8 million (2011: €25.1 million), up 34.5%.

  • Overall betting stakes on mybet internet platforms increased by 45.2% to €90.5 million (2011: $62.3 million)

  • Revenue from casino and poker games climbed by 26.7% to €21.7 million (€17.1 million).

  • Horse Betting revenue increased by 17.3% to €5.7 million (2011: €4.8 million).

  • Lottery product proceeds dropped 54.4% to €6.2 million due to a difficult market environment in Spain and the disposal of German-language lottery operations.

Commenting on his company's performance mybet Holding SE Management Board Spokesman Matthias Dahms said: "The mybet Group is outstandingly well equipped to respond to the further development of the market. It has a very good corporate structure in human resources and organisational terms. The healthy net worth and financial position provide a sound basis for the financing of further growth. The clear positioning in the Sports Betting, Casino and Poker product segments as well as the focus on the liberalising German market and on high-growth countries in Continental Europe offer very good opportunities for the mybet Group to develop successfully."

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