Preliminary figures show Tipp24 exceeded own forecasts for fiscal year 2011 and once again posted record earnings
Jan 31, 2012 1:41 PM
Tipp24 SE / Key word(s): Preliminary Results 31.01.2012 13:41 Dissemination 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. --------------------------------------------------------------------------- According to preliminary and unaudited figures, Tipp24 SE exceeded its own forecasts for fiscal year 2011 and once again posted best-ever revenue and earnings figures. In November 2011, Tipp24 upgraded its consolidated revenue forecast from originally EUR 100 million to EUR 130 million and raised its EBIT forecast already in June from originally EUR 30 million to around EUR 40 million. Following an exceptionally strong second half of the year, Tipp24 now expects consolidated revenues for 2011 to reach approx. EUR 142 (prior year: 104.4) million. This would correspond to revenue growth of around 36 percent. There was also strong growth in EBIT of around 64 percent, from EUR 30.3 million in the previous year to an expected figure of around EUR 50 million in fiscal year 2011. Consolidated net profit is expected to reach approx. EUR 32 (19.6) million. This would result in preliminary earnings per share of approx. EUR 4 (2.53). Consolidated cash and cash equivalents at the end of 2011 amounted to around EUR 130 (90.9) million. Tipp24 SE intends to announce its guidance for fiscal year 2012 at its annual press conference on 28 March 2012. 31.01.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Tipp24 SE Straßenbahnring 11 20251 Hamburg Germany Phone: +49 (0)40 325533-0 Fax: +49 (0)40 325533-77 E-mail: office@tipp24.de Internet: www.tipp24-se.de ISIN: DE0007847147 WKN: 784714 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------