Mybet Holding SE Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Earnings Guidance for 2016
For nine months, EBITDA amounted to around loss of EUR 1.6 million compared to loss of EUR 1.5 million a year ago. Earnings before interest and taxes (EBIT) including the one-off effect from the sale of the investment in pferdewetten.de AG came to EUR 4.2 million, marking a very substantial improvement compared to loss of EUR 6.4 million a year ago. Net profit amounted to approximately EUR 3.4 million compared to loss of EUR 4.4 million a year ago.
Based on the business development described above, the Management Board adjusted its revenue forecast for 2016 to a range of EUR 43 million to EUR 46 million. The EBIT forecast remains unchanged with EBIT (including the effect from pferdewetten.de AG) in the positive low single-digit million.