06.11.2020 bet-at-home.com AG  DE000A0DNAY5

DGAP-Adhoc: bet-at-home.com AG: impact of regulatory developments in Germany on the financial year 2021


DGAP-Ad-hoc: bet-at-home.com AG / Key word(s): Results Forecast
bet-at-home.com AG: impact of regulatory developments in Germany on the financial year 2021

06-Nov-2020 / 17:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

On November 2, 2020 a group company of the bet-at-home.com AG Group was granted a nationwide concession for online sports betting in Germany, which means that betting stakes in the core market of Germany will be limited to EUR 1,000 per month and customer in future (subject to certain criteria, up to EUR 10,000 or EUR 30,000 per month). According to current planning calculations, the imposed betting limits, individual restrictions in the sports betting offer as well as further concession regulations in the area of customer acquisition in the following year, revenue losses in the sports betting segment compared to the current financial year are to be expected.

On October 30, 2020, the Prime Ministers of the German federal states signed the State Treaty on Gambling 2021, which, among other things, provides for an unlimited number of licenses for slot machine games and poker on the internet from July 1, 2021 in addition to the sports betting concession. For the period of the transition phase, a transition regulation came into force in October 2020, in which the offering of online casino products is tolerated, provided that the license provisions for online casinos that have already been imposed since mid-October 2020, such as the ban on table games (including blackjack and roulette) and a monthly deposit limit of EUR 1,000 per customer. bet-at-home implemented this in October with the aim of obtaining a nationwide German license for virtual slot machine games as well as any country-specific concessions for other online casino products, such as table games, from 2021.

Due to the requirements of the German sports betting license, the conditions in the transition phase until further licenses or concessions for casino products are granted and due to ongoing legal restrictions in individual other markets, significant cuts in sales and earnings development have to be expected in the financial year 2021.

This significantly increased legal certainty for business operations in Germany, however, means that, from the current perspective, the management board for the bet-at-home.com AG Group expects a decline in gross betting and gaming revenue of around EUR 20 million in the financial year 2021, compared to the financial year 2020. From today's perspective, this results in a decrease in EBITDA of around EUR 13 million in the financial year 2021.

For the financial year 2020, the Management Board continues to anticipate gross betting and gaming revenue of between EUR 120 million and EUR 132 million and an EBITDA of between EUR 23 million and EUR 27 million.

About bet-at-home

The bet-at-home.com AG Group is active in the domain of online gaming and online sports betting. With 5.3 million registered customers, the company (which is listed on the Frankfurt stock exchange) represents, together with its subsidiaries, one of Europe's most successful online betting and online gaming providers. The varied options offered on www.bet-at-home.com include sports betting, poker, casino, games and virtual sports. bet-at-home has companies in Germany, Austria, Malta and Gibraltar. The successful development of the company can be attributed to its 288 employees as at 30 June 2020. The Group holds various licenses via its Maltese companies for online sports betting and 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 gaming and sports betting.

Klaus Fahrnberger
Head of Investor Relations
+49 211 179 34 770
[email protected]


06-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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: 1146293

End of Announcement DGAP News Service

1146293  06-Nov-2020 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 121,61 138,67 145,39 143,35 143,29 126,93 106,00
EBITDA1,2 31,69 33,04 35,47 36,22 35,17 30,95 9,50
EBITDA-Marge3 26,06 23,83 24,40 25,27 24,54 24,38 8,96
EBIT1,4 30,76 31,88 34,13 34,95 33,24 28,92 8,25
EBIT-Marge5 25,29 22,99 23,47 24,38 23,20 22,78 7,78
Jahresüberschuss1 30,50 31,00 32,85 32,61 17,96 23,29 6,60
Netto-Marge6 25,08 22,36 22,59 22,75 12,53 18,35 6,23
Cashflow1,7 23,15 30,23 25,90 24,81 29,88 18,15 9,00
Ergebnis je Aktie8 4,37 4,42 4,68 4,65 2,56 3,32 0,94
Dividende8 2,25 7,50 7,50 6,50 2,00 2,50 0,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - 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 24,200 Kaufen 169,84
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,52 17,77 0,59 7,50
4,93 9,36 1,34 4,14
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
2,00 2,50 10,33 18.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
03.05.2021 02.08.2021 08.11.2021 07.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-19,90% -34,51% -24,02% -34,15%
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