02/01/2012 : TIPP24 EXCEEDS OWN FORECASTS IN 2011
Another excellent year yields record earnings
German online gambling company, Tipp24 SE has exceeded its own forecasts for 2011 with record earnings for its twelfth consecutive year.
Unaudited figures for the fiscal year 2011 include:
– Consolidated revenues up 36 percent to Euro 142 million (2010: Euro 104.5 million)
– EBIT growth of 64 percent to Euro 50 million (2010: Euro 30.3 million)
– Consolidated net profit Euro 32 million (2010: Euro 19.6 million)
Dr. Hans Cornehl, chief executive officer of Tipp24 SE, states: “In a frequently changing regulatory environment, Tipp24 generated sustainable revenue and earnings growth in its fiscal year 2011. Since its foundation in 1999, the company has now posted record results in every one of its twelve fiscal years.
“Tipp24 is therefore excellently placed to achieve its key strategic targets. Our main focus is on re-establishing our German business and growing our international business, also as a service provider for lottery organizers.”