Lotto24 AG: Guidance upgraded - strong new customer growth also expected in the third quarter of 2015

Lotto24 AG / Key word(s): Change in Forecast

28.09.2015 10:20

Dissemination of an Ad hoc announcement according to ┬ž 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement acc. to Sec. 15 WpHG

Lotto24 AG: Guidance upgraded - strong new customer growth also expected in
third quarter of 2015

(Hamburg, 28 September 2015) On the back of very encouraging figures for
the third quarter of 2015, Lotto24 AG is upgrading its guidance
announcement of 20 May 2015 regarding growth in new customer figures and
billings. Assuming external conditions remain unchanged, the company now
forecasts at least 320,000 new customers in 2015 instead of the expected
284,000. As a result of this strong new customer growth, billings for 2015
are also expected to grow by more than 50% compared to the prior-year
figure (EUR 82 million). The previous outlook assumed year-on-year billings
growth of up to 50%.

The company continues to anticipate a slight increase in gross margin and a
reduction in cost per lead (CPL) compared to the previous year. Due to the
expansion of marketing activities because of large jackpots, however,
Lotto24 AG expects EBIT and net profit for the current fiscal year to be on
a par with the previous year, with a slight year-on-year reduction in
marketing expenditure. The company had previously forecast a modest
improvement in both earnings figures. At the same time, the company is
continuing the insourcing of its strategically important IT division
started in 2014 and is planning to complete it by 31 December at the
latest. The company has set itself the target of securing and extending its
position as Germany's leading online provider of lottery products.

The interim report as of 30 September 2015 will be published on 12 November
2015.


28.09.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Lotto24 AG
              Stra├čenbahnring 11
              20251 Hamburg
              Germany
Phone:        +49 (0)40 8 222 39 0
Fax:          +49 (0)40 8 222 39 70
E-mail:       ir@lotto24.de
Internet:     www.lotto24-ag.de
ISIN:         DE000LTT0243
WKN:          LTT024
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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