DGAP-News: bet-at-home.com AG
/ Key word(s): Quarterly / Interim Statement
Düsseldorf, 3 May 2021 Revenue development in the first quarter 2021: Since the fourth quarter of 2020, a transitional regulation has come into force, according to which those gaming providers will remain exempt from enforcement measures and sanctions that comply with the licensing regulations for online casinos imposed in the future as of this date. Although the implementation of these requirements lead to significant revenue losses in the online casino segment within the bet-at-home.com AG Group, the significantly increased legal certainty and the ability to plan the future development of bet-at-home as an established provider with considerable brand awareness in the core market of Germany outweigh this. Overall, gross betting and gaming revenue in Q1 2021 amounts to EUR 30.5 million, down 5.5% year-on-year (Q1 2020: EUR 32.2 million).
Thus, EBITDA in the first quarter of 2021 is EUR 6.9 million (Q1 2020: EUR 9.0 million).
The bet-at-home.com AG Group also held liquid assets and short-term time deposits in the amount of EUR 59.4 million as of 31 March 2021 (31/12/2020: EUR 56.8 million). Outlook for the fiscal year 2021: Group quarterly statement for the first quarter of 2021:
03.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | bet-at-home.com AG |
Tersteegenstrasse 30 | |
40474 Düsseldorf | |
Germany | |
Phone: | +49 211 17934 770 |
Fax: | +49 211 17934 757 |
E-mail: | ir@bet-at-home.com |
Internet: | www.bet-at-home.ag |
ISIN: | DE000A0DNAY5 |
WKN: | A0DNAY |
Listed: | Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Hamburg, Stuttgart, Tradegate Exchange |
EQS News ID: | 1191472 |
End of News | DGAP News Service |
|
1191472 03.05.2021
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.