EQS-Adhoc: bet-at-home.com AG raises its earnings forecast for the financial year 2024

AD-HOC INFORMATION

PUBLICATION OF INSIDER INFORMATION PURSUANT TO ARTICLE 17 OF REGULATION (EU) NO. 596/2014

bet-at-home.com AG raises its earnings forecast for the financial year 2024

Düsseldorf, 05 November 2024. The previous forecast of bet-at-home.com AG (hereinafter also referred to as the "BaH") assumed that bet-at-home.com AG Group will achieve in the financial year 2024 a gross betting and gaming revenue ("GGR") between EUR 45 million to EUR 53 million, and an "EBITDA before special items"* from EUR -1 million to EUR 2.5 million.

Due to the positive revenue development in both segments, which are online sports betting and online gaming, as well as efficient cost management, the management assumes that - with a GGR as predicted - the EBITDA before special items* might reach from EUR 1.5 million to EUR 4.5 million.

Taking into account special items, the management board nevertheless expects a negative consolidated result for the full year (as of 30 September 2024: EUR -3.3 million (previous year's level:  EUR -0.2 million)), as it is significantly affected by earlier announced events in previous financial years (in particular a provision of EUR 4.8 million due to a ruling in Switzerland, according to which sports betting was classified as an electronically provided service and is therefore subject to Swiss VAT (we refer to the ad hoc disclosure dated 5 September 2024) and expenses in connection with claims for reimbursement of gambling losses (we refer to the ad hoc disclosure dated 20 August 2024)).

*(EBITDA before special items shows the Group's operating result before special effects, i.e. the Group's result adjusted for special expenses and special income (i.e. effects that are special in terms of their nature and amount for management of the Group). Special items may include restructuring, legal cases in connection with customer claims, as well as closures or disposals of parts of the company.

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