Brief: bet-at-home.com Expects Cuts In Sales And Earnings Development In FY 2021

bet at home com AG

06/11/2020 16:12

Nov 6 (Reuters) - BET-AT-HOME.COM AG  ARTG.DE :
    * DUE TO REQUIREMENTS OF GERMAN SPORTS BETTING LICENSE
SIGNIFICANT
CUTS IN SALES AND EARNINGS DEVELOPMENT HAVE TO BE EXPECTED IN
FINANCIAL YEAR 2021
    * MANAGEMENT BOARD FOR BET-AT-HOME.COM AG GROUP EXPECTS A
DECLINE
IN GROSS BETTING AND GAMING REVENUE OF AROUND EUR 20 MILLION IN
FY 2021, COMPARED TO FY 2020
    * FOR FINANCIAL YEAR 2020, MANAGEMENT BOARD CONTINUES TO
ANTICIPATE GROSS BETTING AND GAMING REVENUE OF BETWEEN EUR 120
MILLION AND EUR 132 MILLION AND AN EBITDA OF BETWEEN EUR 23
MILLION AND EUR 27 MILLION
    * FROM TODAY'S PERSPECTIVE, EXPECTS AN DECREASE IN EBITDA OF
AROUND EUR 13 MILLION IN FINANCIAL YEAR 2021

Source text for Eikon:  ID:nEQ62gQgZa 
Further company coverage:  ARTG.DE 

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