DGAP-Adhoc: mybet Holding SE firms up forecast for 2015

mybet Holding SE / Key word(s): Forecast/Alliance 11.05.2015 17:03 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- mybet Holding SE firms up forecast for 2015 Kiel, May 11, 2015 - A subsidiary of mybet Holding SE (ISIN DE000A0JRU67) has today signed a term sheet with amelco UK Ltd., a specialist for the development of software solutions and products for the betting industry. The future partners have therefore now defined the cornerstones of their envisaged future cooperation, according to which mybet would like to use amelco's services in future to comprehensively overhaul its Sports Betting product range and realise further improvements in system stability. The cooperation remains subject to a definitive contract being concluded. The signing of the contract is envisaged for June at the latest. Today's decision signals the determination of the Management Board of mybet Holding SE to use proprietary products to make up ground on its main competitors in the industry. As previously communicated as an alternative scenario in the 2014 Annual Report, the planned partnership affects the full-year forecast for 2015. In the assessment of the Management Board, the decision to technologically extend the product range in collaboration with an external service provider could help revenue reach the upper end of the forecast revenue range of EUR 70 to 75 million, or in the best case just exceed this level. Between now and the conclusion of the final contract, the specific project plan will be jointly agreed and the details of performance parameters and payment terms will be finalised. In view of the investment outlay necessitated by the project, the Management Board expects EBIT for the 2015 financial year to reach a maximum of EUR -0.5 million. The Management Board currently expects that this investment spending will have a clear impact on the overall result from the 2016 financial year and that overproportional rises in earnings could then be realistic. < End of ad hoc information> Issuer: mybet Holding SE Jägersberg 23 24103 Kiel, Germany ISIN DE000A0JRU67 WKN A0JRU6 Stock exchanges: Frankfurt, Xetra, regional stock exchanges in Stuttgart, Munich, Berlin, Hamburg and Düsseldorf Contact: mybet Holding SE Investor Relations & Corporate Communications Yulia Link Tel. +49 (40) 8537 8847 Fax +49 (40) 8537 8830 Mail yulia.link@mybet.com --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Sven Ivo Brinck, CEO: 'We are delighted to have found a strong and experienced partner with which to realise our goals in amelco (www.amelco.co.uk). The product solution to be developed in partnership with amelco is based on the successful services already provided by amelco and encompasses sports betting, risk management and bonus administration. We are developing a multifunctional product range that will revolutionise our sports betting range across all our sales channels, online and offline. Together, we will be able to speed up realising the innovations and transformation processes that we have embarked upon under the auspices of the change project.' 'We are facing an exciting and challenging project, the precise scope of which we will define hand in hand with amelco over the coming weeks. Although the project investment needed will be a burden on the 2015 result, we believe it will start to have a positive impact on revenue before the end of 2015 and then produce overproportional earnings growth in the coming financial year fo 2016. A big opportunity for mybet.' remarked Chief Financial Officer Markus Peuler. 11.05.2015 The DGAP 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: mybet Holding SE Jägersberg 23 24103 Kiel Germany Phone: +49 40 85 37 88-0 Fax: +49 40 85 37 88-30 E-mail: ir@mybet.com Internet: www.mybet-se.com ISIN: DE000A0JRU67 WKN: A0JRU6 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------