02.08.2021 bet-at-home.com AG  DE000A0DNAY5

DGAP-News: bet-at-home.com AG: Group figures for the first half of 2021


DGAP-News: bet-at-home.com AG / Key word(s): Half Year Results
bet-at-home.com AG: Group figures for the first half of 2021

02.08.2021 / 10:00
The issuer is solely responsible for the content of this announcement.

Düsseldorf, 2 August 2021

Revenue development in the first half of 2021:
At EUR 56.8 million, gross betting and gaming revenue in the first half of 2021 was 8.8% below the prior-year figure (H1 2020: EUR 62.3 million). The main reason for this is the regulatory development in the core market of Germany. In February 2021, the bet-at-home.com AG Group implemented the conditions of the nationwide sports betting license obtained in November 2020 in the core market of Germany by implementing its own German platform for German customers. Legal requirements such as an elaborate registration process and a limited betting offer had a negative impact on customer activity in the first half of 2021, with the result that the European Football Championship in particular fell short of expectations. Although long-term legal certainty was gained in the core market of Germany as a result of the licensing, the upcoming implementation of cross-product monthly betting limits for online sports betting and online gaming is likely to lead to further revenue losses in Germany in the coming months. In addition, the online gaming segment in Germany developed below expectations in the first half of 2021 due to the ban on popular games such as roulette and blackjack. The attractiveness of the remaining licensable online gaming offering suffers from the limitations and regulatory requirements.

Earnings development in the first half of 2021:
EBITDA in the first half of 2021 was EUR 5.4 million (H1 2020: EUR 15.8 million). The decline results from higher marketing expenses, especially in connection with the European Football Championship (increase of EUR 3.1 million year-on-year), the recognition of provisions in connection with customer lawsuits in Austria amounting to EUR 3.2 million, the discontinuation of the Polish business as of June 1, 2021 due to legal changes, and the declining results in the online-gaming segment in Germany.

Stable asset and capital structure:
Considering the equity-reducing distribution of a dividend in May 2021 in the amount of EUR 17.5 million - i.e. EUR 2.50 per share - Group equity as of June 30, 2021 totals EUR 34.4 million (31/12/2020: EUR 50.9 million). The consolidated equity ratio is therefore 44.3% (31/12/2020: 53.5%).

Cash and cash equivalents and short-term time deposits within the bet-at-home.com AG Group total EUR 41.8 million as of 30 June 2021 (31/12/2020: EUR 56.8 million).

Outlook for fiscal year 2021:
Based on the aforementioned factors influencing the revenue and earnings development of the bet-at-home.com AG Group, the Management Board currently expects gross betting and gaming revenue of between EUR 100 million and EUR 110 million in the financial year 2021, as already reported on July 19, 2021. For the financial year 2021, the Management Board expects EBITDA of between EUR 8 million and EUR 10 million.


About bet-at-home:
The bet-at-home.com AG Group is active in the domain of online sports betting and online gaming. With 5.5 million registered customers, the company (which is listed on the Frankfurt stock exchange) represents, together with its subsidiaries, one of the most successful gaming providers within the European Union. bet-at-home.com has companies in Germany, Austria, Malta and Gibraltar. The successful development of the company can be attributed to its 277 employees as at 30 June 2021. The Group holds various licenses via its Maltese companies for online sports betting and online gaming. The licenses allow the company to organize and market online sports betting and online casinos. Since 2009, bet-at-home.com AG has been a part of the Betclic Everest SAS Group, which is a leading French Group in the domain of online sports betting and online gaming. bet-at-home is certified according to ISO/IEC 27001:2013 for all Group companies in Germany, Austria and Malta.

02.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: bet-at-home.com AG
Tersteegenstrasse 30
40474 Düsseldorf
Phone: +49 211 17934 770
Fax: +49 211 17934 757
E-mail: [email protected]
Internet: www.bet-at-home.ag
Listed: Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1223225

End of News DGAP News Service

1223225  02.08.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 138,67 145,39 143,35 143,29 126,93 59,35 58,00
EBITDA1,2 33,04 35,47 36,22 35,17 30,95 13,97 1,40
EBITDA-Marge3 23,83 24,40 25,27 24,54 24,38 23,54 2,41
EBIT1,4 31,88 34,13 34,95 33,24 28,92 11,67 -0,60
EBIT-Marge5 22,99 23,47 24,38 23,20 22,78 19,66 -1,03
Jahresüberschuss1 31,00 32,85 32,61 17,96 23,29 -16,31 -1,80
Netto-Marge6 22,36 22,59 22,75 12,53 18,35 -27,48 -3,10
Cashflow1,7 30,23 25,90 24,81 29,88 18,15 10,50 13,00
Ergebnis je Aktie8 4,42 4,68 4,65 2,56 3,32 -2,32 -0,25
Dividende8 7,50 7,50 6,50 2,00 2,50 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PKF Fasselt Schlage

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0DNAY 12,600 Halten 88,43
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
17,03 13,44 1,24 4,71
5,19 8,43 1,49 3,33
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
2,50 0,00 0,00 17.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
23.05.2022 22.08.2022 21.11.2022 04.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-14,67% -27,53% -2,93% -68,89%
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