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DGAP-News: betbull Holding SE, formerly betbull plc, ('betbull') announces the release of group consolidated financial statements for the nine months ended 30th September 2010
ID: 306619
(firmenpresse) - Betbull Holding SE / Key word(s): Quarter Results
30.11.2010 20:00
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betbull Holding SE, formerly betbull plc, ('betbull') announces the release
of group consolidated financial statements for the nine months ended 30th
September 2010
Financial highlights for the nine months to 30th September 2010
- Betting stakes of EUR 58.9m for the nine months down 7% compared to EUR
63.1m in the same period last year.
- Net gaming revenue of EUR 11.7m for the nine months up 28.6% compared
to EUR 9.1m in the same period last year.
- EBITDA (including the Spanish operations) of EUR (0.4)m for the nine
months up EUR 1.6m compared to EUR (2.0)m in the same period last year.
- Cash (position including Spanish operations) as at 30 September 2010
of EUR 5.7m compared to EUR 4.8m as at 31 December 2009 and 4.9m as at
30 September 2009.
- EBITDA (excluding the Spanish operations) of EUR 1.2m for the nine
months and cash position as at 30 September 2010 also excluding the
Spanish operations of EUR 5.5m.
As announced on 15 October 2010 betbull has sold 100% of Winners Apuestas
SA (Winners), it's Spanish subsidiary, to bwin Interactive Entertainment
AG. betbull will now concentrate fully on its core business in Germany. The
sale will release betbull from the funding obligations required by Winners
and allow the already cash flow positive German business to expand and
develop under an eagerly awaited new legislation.
betbull Holding SE
Consolidated Income statement
For the nine months ended 30 September 2010betbull Holding SE
2010 2009
(9 months) (9 months)
EUR EUR
Betting stakes 58,887,949 63,097,569
Customer winnings (45,716,746)(52,515,342)
Gross hold 13,171,203 10,582,227
Other gaming income 1,616,589 1,008,237
Commissions to third party agents and bonuses (3,038,869) (2,537,222)
Net gaming revenue 11,748,923 9,053,242
Other operating income 111,438 211,695
Total income 11,860,361 9,264,937
Direct costs and betting taxes (2,359,524) (1,872,432)
Gross profit 9,500,837 7,392,505
Personnel costs (5,065,891) (5,258,215)
Cost of premises (2,463,891) (2,446,975)
Mobility and distribution costs (494,298) (623,570)
Other operating costs (1,774,553) (952,374)
Valuation adjustments 9,506 279
EBITDA and before share benefit charge (288,290) (1,888,350)
Share benefit charge (81,689) (88,347)
EBITDA (369,979) (1,976,697)
Depreciation&amortisation of investments (721,333) (773,862)
EBIT (1,091,312) (2,750,559)
Financial result (43,163) (204,081)
(Loss)/Profit before tax (1,134,475) (2,954,640)
Taxation (804,250) (74,990)
(Loss)/Profit after tax (1,938,725) (3,029,630)
Attributable to
-Equity holders of the parent
-Minority interest
- (2,168,309)
- (861,321)
- (3,029,630)
Consolidated balance sheet
As at 30 September 2010
2010 2009- ENDS -
EUR EUR
Goodwill, intangible assets and investments 16,316,025 18,335,734
Fixed assets 2,077,172 2,889,100
Non-current assets 284,475 281,704
Current assets 2,477,074 4,227,167
Cash and cash equivalents 5,691,910 4,884,818
Total assets 26,846,656 30,618,523
Equity 34,144,752 29,496,781
Losses (17,526,651) (12,047,297)
Reserves 5,498,696 5,397,680
Current liabilities 4,729,859 4,756,266
Minority interest - (1,819,537)
Long tern liabilities
Shareholder's convertible loan - 2,240,000
Loan to Betbull Bwin Espana SA - 2,594,630
Total equity and liabilities 26,846,656 30,618,523
Contact
David De Marco.
d.demarco(at)betbull.com
Phone +356 21494443
Fax +356 21480132
betbull Holding SE
Mariahilfer Straße 116
1070 Vienna
Austria
betbull Holding SE (formerly betbull plc) is registered at the Commercial
Court of Vienna under the Company register Number FN 353397b (formerly
registered in England&Wales under the Registration Number SE12).
This communication can be downloaded from the website www.betbullse.com.
About betbull:
betbull is an established provider of gaming centred retail entertainment,
based in Vienna, Austria. betbull offers its customers principally horse
and sport betting at licensed betting shops, complemented by slot machines,
internet betting and sport bars. betbull accepts bets based on licences in
England and Wales, Malta and Germany. In Germany, betbull products are
available above all under the 'Wettenleip' brand. betbull itself has been
quoted on the Third Market of the Vienna Stock Exchange ('Other
Securities') since October 2004 (ISIN AT0000A0KPX9, formerly AT0000615331)
and was established as a joint venture between Fun Technologies Plc and
bwin Interactive Entertainment AG. For detailed information on betbull,
visit www.betbullse.com.
30.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Betbull Holding SE
15 Fetter Lane
EC4A 1JP London
Großbritannien
Phone: +356 21480131
Fax: +356 21480132
E-mail: info(at)betbull.com
Internet: www.betbullplc.com
ISIN: AT0000615331
WKN: A0DKM0
Listed: Freiverkehr in Berlin, Stuttgart; Open Market in Frankfurt;
Foreign Exchange(s) Wien (Dritter Markt (MTF) / Third Market
(MTF))
End of Announcement DGAP News-Service
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Datum: 30.11.2010 - 20:00 Uhr
Sprache: Deutsch
News-ID 306619
Anzahl Zeichen: 8383
Kontakt-Informationen:
Kategorie:
Wirtschaft (allg.)
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