Report on the first six months of 2012

- Successful spin-off of German online brokerage business

- Consolidated net profit up 28.7 percent

- EBIT forecast raised to EUR 48 million due to cash-neutral special item

(Hamburg, 6 August 2012) Following a strong first quarter, Tipp24 remains firmly on course for success in the first six months of 2012. The company's consolidated revenue for the first half-year amounted to EUR 68.2 (prior year: EUR 68.6) million. Earnings before interest and taxes (EBIT) rose by 12.4 percent to EUR 38.5 (34.3) million. Consolidated net profit was up 28.7 percent to EUR 30.0 (23.3) million. The EBIT margin increased by 6.5 percentage points to 56.5 (50.0) percent. In the period under review, Tipp24 improved earnings per share from continued operations from EUR 3.02 to EUR 3.65.

Tipp24's successful development was once again driven by its Abroad segment. At EUR 68.7 (69.8) million, revenues were almost on a par with the first six months of last year. EBIT amounted to EUR 26.4 (38.3) million.

Revenue in Germany totalled EUR 0.3 (0.3) million. EBIT was up strongly to EUR 11.3 (-3.05) million.

Special items

The spin-off of Lotto24 AG had a particularly positive impact on EBIT of EUR 18.2 million in total. This figure resulted mainly from disclosing hidden reserves when providing Lotto24 AG with the business opportunity of online lottery brokerage in Germany. This disclosure of hidden reserves had no impact on cash.

Further special items included a favourable payout ratio in the first half of 2012 and the settlement of a dispute involving MyLotto24 Limited with regard to the payment of an insurance amount in the comparative prior-year period.

Outlook

On 1 July 2012, the 'First State Treaty to Revise the State Treaty on Games of Chance in Germany' (GlüÄndStV) came into force in 14 federal states, with the exception of Schleswig-Holstein and North-Rhine Westphalia. It continues many of the illegal restrictions of its predecessor which were criticised by both the European Court of Justice and the EU Commission. Tipp24 does not therefore expect any clarification of the unchanged legal uncertainties in the short term.

Tipp24 SE will focus in future on its international business, and especially the creation of a new business division offering Internet services for lottery companies.

Dr Hans Cornehl, CEO of Tipp24 SE, states: 'Compared to other sectors, the international online lottery market is remarkably underdeveloped - the opportunities for significant growth in the coming years are therefore great. Tipp24 is excellently placed to benefit strongly from such growth. Moreover, we see attractive additional potential in new product categories and in the course of any liberalisation of the European lottery markets.'

Guidance upgraded

Due to the special items resulting from the spin-off of Lotto24 AG, Tipp24 has upgraded its guidance and now expects consolidated EBIT in fiscal year 2012 of at least EUR 48 million, instead of the previous EUR 35 million, with unchanged revenue of EUR 130 million. This forecast includes consideration of uncertainties regarding negative statistical fluctuations amounting to EUR 10 million as well as EUR 5 million for the establishment of new business.

The complete half-yearly report is published on the website of Tipp24 SE in the Investor Relations section: www.tipp24-se.de.

(Possible rounding differences due to presentation in EUR thousand)

About Tipp24 SE: Tipp24 SE (formerly Tipp24 AG) was founded in September 1999 and holds equity interests in a number of companies in Spain, Italy and the UK, which enable participation in lottery-based games via the Internet, especially via the websites www.ventura24.es, www.giochi24.it, www.mylotto24.co.uk and www.tipp24.com. From its foundation to the end of 2008, Tipp24 SE brokered tickets worth over 1.5 billion euros to the state lottery companies - in the latter years over 330 million euros annually. Following its successful IPO in 2005 (Prime Standard), the company was admitted to the SDAX index in June 2009 and has been trading as a European public limited company since December 2009. In July 2012, German online brokerage activities were successful spun off from Tipp24 SE in the form of the listed company Lotto24 AG.

Press contact:
Tipp24 SE
Andrea Fratini
Head of Media and Public Relations
Tel.: +49 40 32 55 33-660
E-mail: presse@tipp24.de
Internet: www.tipp24.de/press/