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bwin Interactive Entertainment AG - Results for Q1 2009

Posted on: Thursday, 14 May 2009, 08:00 CDT

VIENNA, Austria, May 14 /PRNewswire-FirstCall/ -- Key financial indicators (pro forma consolidated) (EUR million) Q1/09 Q1/08 % YoY Q4/08 % QoQ Gross gaming revenues 117.6 104.6 12.5 117.7 -0.1 Net gaming revenues 102.1 91.9 11.1 101.0 1.1 Total revenues 119.4 102.5 16.5 121.2 -1.5 EBITDA (adjusted*) 36.0 25.8 39.2 19.2 87.8 EBIT 21.9 12.3 78.0 -11.0 n.a. Result after tax 18.9 11.0 72.9 -10.0 n.a. Development of business in Q1 2009 Substantial growth of revenues and profit; Increased margins reflect success of efficiency programme; Rising net cash position underscores stability of bwin Group; Improved live betting interface sets new standards; Programming of new P5 poker platform now concluded; New products in games sector Q1 2009 financials (pro forma consolidated)

Gross gaming revenues: up 12.5% to EUR 117.6 million (Q1 2008: EUR 104.6 million);

Record net gaming revenues: up 11.1% to EUR 102.1 million (Q1 2008: EUR 91.9 million);

Record EBITDA (adjusted*): up 39.2% to EUR 36.0 million (Q1 2008: EUR 25.8 million): EBITDA margin with respect to net gaming revenues up to 35.2% (Q1 2008: 28.1%);

Number of active customers up by 25.6%, consolidating market position;

Record result after tax: up 72.9% to EUR 18.9 million (Q1 2008: EUR 11.0 million);

Record net cash position: EUR 70.8 million (Q1 2008: EUR 53.2 million) Improved outlook for 2009 bwin raises expectations for 2009: Gross gaming revenues EUR 435 to 450 million; EBITDA (adjusted) of more than EUR 110 million;

Dividend: planned payout ratio of 30-50% on consolidated profit reported for 2009

* Excluding non-cash expenses in connection with share-based remuneration (IFRS 2).

The complete report on the results on the Q1 2009 can be found online on the bwin investor relations website at http://www.bwin.org, where it can also be downloaded in pdf format.

Contact: 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 bwin Interactive 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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