Gross betting and gaming revenue (gross profit) was EUR 33.2 million in the first quarter of 2018, 10.8% below the figure for the same period in 2017 (Q1 2017: EUR 37.2 million). The bet and gaming volume in the bet-at-home.com AG Group totaled EUR 733.9 million in this period (Q1 2017: EUR 841.4 million).

The main reason for the decline in gross betting and gaming revenue has been EU illegal measures to exclude foreign betting and gaming operators in Poland since July 2017.

Betting and gaming fees in the first quarter of 2018, at EUR 5.1 million, were lower than in the same period of the previous year (Q1 2017: EUR 5.4 million), in line with the decline in gross betting and gaming revenues.

The VAT regulations for providers of electronic services within the European Union led to a negative impact on earnings of EUR 1.9 million in the first quarter of 2018 (Q1 2017: EUR 2.4 million).

Accordingly, net betting and gaming revenue fell by 10.9% to EUR 26.2 million (Q1 2017: EUR 29.4 million).

In the current financial year 2018, bet-at-home.com will focus its marketing activities on the football World Cup in Russia in June and July. Due to the lack of major football events in the 2017 financial year, the marketing focus of the year was already set in the first quarter of last year. As a result, marketing expenses of EUR 7.7 million in the first quarter of 2018 were well below the reference value of the previous year (Q1 2017: EUR 14.9 million).

The bet-at-home.com AG Group had just under 4.9 million registered customers as of March 31, 2018 (March 31, 2017: 4.7 million).

Other operating expenses in the first quarter of 2018 to EUR 4.9 million and was thus significantly below the previous year’s figure (Q1 2017: EUR 5.6 million).

EBITDA of EUR 9.3 million in the first quarter of 2018 (Q1 2017: EUR 5.0 million) confirms the outlook of the Executive Board for the financial year 2018.

EBIT for the first three months of the 2018 financial year amounts to EUR 9.0 million. EUR and thus almost doubled compared to the reference value of the previous year (Q1 2017: EUR 4.6 million). Earnings before taxes (EBT) amounted to EUR 9.0 million in the first quarter of 2018 (Q1 2017: EUR 4.9 million).

From the current perspective and assuming the regulatory and tax environment remains unchanged, the Management Board expects gross betting and gaming revenues to increase to EUR 150 million in the 2018 financial year. For the financial year 2018, the Management Board expects an EBITDA of between EUR 36 million and EUR 40 million.