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bwin Interactive Entertainment AG - Results for Q4 and Financial Year 2008

Posted on: Thursday, 16 April 2009, 02:36 CDT

VIENNA, Austria, April 16 /PRNewswire-FirstCall/ -- Key financial indicators (pro forma consolidated)

(EUR million) Q408 Q407 YoY 2008 2007 YoY Gross gaming revenues 117.7 102.2 15.1% 420.9 353.5 19.0% Net gaming revenues 101.0 89.4 12.9% 364.5 312.6 16.6% Total revenues 121.2 103.5 17.2% 425.4 359.3 18.4% EBITDA (adjusted) 19.2 13.2 44.8% 65.2 62.9 3.6% EBIT (adjusted) 6.5 -0.4 n.a. 15.2 13.3 14.6% Result after tax (adjusted) 7.6 0.5 n.a. 15.1 10.2 47.7% Highlights of 2008 business development: Consolidation of market position as leading provider of online sports betting world-wide supported by a strong brand Long-term establishment of one of Europe's largest poker networks Expansion of product portfolio and significant growth of customer base Excellent liquidity position Financial year 2008 (pro forma consolidated): Record gross gaming revenues: up 19% to EUR 420.9m (2007: EUR 353.5m) Record net gaming revenues: up 16.6% to EUR 364.5m (2007: EUR 312.6m) EBITDA (adjusted*): up 3.6% to EUR 65.2m (2007: EUR 62.9m) Result after tax (adjusted*) of EUR 15.1m (2007: EUR 10.2m) Q4 2008 (pro forma consolidated): Record gross gaming revenues: up 15.1% to EUR 117.7m (Q4 2007: EUR 102.2m) Record net gaming revenues: up 12.9% to EUR 101.0m (Q4 2007: EUR 89.4m) EBITDA (adjusted*): up 44.8% to EUR 19.2m (Q4 2007: EUR 13.2m) Result after tax (adjusted*) of EUR 7.6m (Q4 2007: EUR 0.5m) Net cash position EUR 56.9m (Q4 2007: EUR 43.4m) Outlook for 2009 highlights sound development of business: Q1 2009 gross gaming revenues per day +12% on Q1 2008 2009 gross gaming revenues in the amount of EUR 430 to 445m EBITDA (adjusted) for 2009 of at least EUR 100m Dividend planned for financial year 2009

*excluding non-cash costs in connection with share-based remuneration (IFRS 2) and balance from impairments and reversals.

The complete report on the results on the Q4 and financial year 2008 can be found online on the bwin investor relations website at http://www.bwin.org, where it can also be downloaded in pdf format.

Press: Kevin O'Neal, Press Officer bwin Interactive Entertainment AG Borsegasse 11, 1010 Vienna, Austria Tel.: +43(0)50-858-24010 E-mail: press@bwin.org http://www.bwin.org Investors: Konrad Sveceny, Investor Relations bwinInteractive Entertainment AG Borsegasse 11, 1010 Vienna, Austria Tel.: +43(0)50-858-20017 E-mail: investorrelations@bwin.org http://www.bwin.org

SOURCE bwin Interactive Entertainment AG


Source: PR Newswire

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