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BET-AT-HOME.COM AG

(ACX)
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PRESS RELEASE : bet-at-home.com AG: Group figures for the first half of 2021

08/02/2021 | 04:01am EDT
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 
2021-08-02 / 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. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-08-02 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. 
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 
              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:  1223225 
 
End of News   DGAP News Service 
=------------ 

1223225 2021-08-02

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1223225&application_name=news 
 

(END) Dow Jones Newswires

August 02, 2021 04:00 ET (08:00 GMT)

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Financials
Sales 2021 82,2 M 96,3 M 96,3 M
Net income 2021 5,20 M 6,09 M 6,09 M
Net cash 2021 54,4 M 63,7 M 63,7 M
P/E ratio 2021 33,5x
Yield 2021 10,0%
Capitalization 175 M 205 M 205 M
EV / Sales 2021 1,47x
EV / Sales 2022 1,49x
Nbr of Employees 277
Free-Float 99,0%
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bet-at-home.com AG Technical Analysis Chart | ACX | DE000A0DNAY5 | MarketScreener
Technical analysis trends BET-AT-HOME.COM AG
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 3
Last Close Price 24,95 €
Average target price 43,00 €
Spread / Average Target 72,3%
EPS Revisions
Managers and Directors
Franz Ömer Co-Chief Executive Officer
Michael Quatember Co-Chief Executive Officer
Martin Arendts Chairman-Supervisory Board
Véronique Giraudon Vice Chairman-Supervisory Board
François Riahi Director
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