EQS-Adhoc: bet-at-home.com AG: Judgment of the Swiss Federal Supreme Court on the VAT liability of sports betting has become legally binding
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EQS-Ad-hoc: bet-at-home.com AG / Key word(s): Legal Matter AD-HOC INFORMATION PUBLICATION OF INSIDER INFORMATION PURSUANT TO ARTICLE 17 OF REGULATION (EU) NO. 596/2014
Judgment of the Swiss Federal Supreme Court on the VAT liability of sports betting has become legally binding
Düsseldorf, November 11, 2024 bet-at-home.com AG (hereinafter referred to as the "Company") announced on July 11, 2024 that the Swiss Federal Supreme Court had ruled that offering of sports betting services in Switzerland by the Company's subsidiary, bet-at-home.com Internet Ltd, Malta, is subject to VAT. The Company has been informed today that this ruling, which relates to the period from 2014 to 2017, was confirmed by the court of last instance. The Company had already recognized a provision of EUR 4.8 million as of 30.09.2024 in this regard (see also the Group Quarterly Statement as of 30.09.2024) and has since adjusted this provision. Therefore, in the Company's opinion, expected additional tax payments (including interest) are covered by the provision. Cash and cash equivalents within the bet-at-home.com AG Group totalled EUR 34.165 million as of September 30, 2024, and has increased slightly since then. An adjustment of the forecast for the 2024 fiscal year published on November 5, 2024, is not required. Furthermore, the ruling is not expected to have any significant negative impact on business activities in Switzerland.
Contact Investor Relations ir@bet-at-home.com +49 211 179 34 770 www.bet-at-home.ag
End of Inside Information
11-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | bet-at-home.com AG |
| Tersteegenstrasse 30 | |
| 40474 Düsseldorf | |
| Germany | |
| Phone: | +49 211 545 598 77 |
| Fax: | +49 211 545 598 78 |
| E-mail: | ir@bet-at-home.com |
| Internet: | www.bet-at-home.ag |
| ISIN: | DE000A0DNAY5 |
| WKN: | A0DNAY |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2027217 |
| End of Announcement | EQS News Service |
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2027217 11-Nov-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | ||
| Sales1 | 143,29 | 126,93 | 59,35 | 53,53 | 46,18 | 48,00 | 0,00 | |
| EBITDA1,2 | 35,17 | 30,95 | 13,97 | 2,11 | 0,81 | 1,50 | 0,00 | |
| EBITDA-Margin3 | 24,55 | 24,38 | 23,54 | 3,94 | 1,75 | 3,13 | 0,00 | |
| EBIT1,4 | 33,24 | 28,92 | 11,67 | -0,11 | -0,84 | -0,10 | 0,00 | |
| EBIT-Margin5 | 23,20 | 22,78 | 19,66 | -0,21 | -1,82 | -0,21 | 0,00 | |
| Net Profit (Loss)1 | 17,96 | 23,29 | -16,31 | 11,91 | -1,51 | -0,60 | 0,00 | |
| Net-Margin6 | 12,53 | 18,35 | -27,48 | 22,25 | -3,27 | -1,25 | 0,00 | |
| Cashflow1,7 | 29,88 | 18,15 | 10,50 | -5,02 | 0,16 | 0,00 | 0,00 | |
| Earnings per share8 | 2,56 | 3,32 | -2,32 | 1,62 | -0,21 | -0,09 | 0,13 | |
| Dividend per share8 | 2,00 | 2,50 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: PKF Fasselt Schlage
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| INVESTOR-INFORMATION | ||||||
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| bet-at-home.com | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A0DNAY | DE000A0DNAY5 | AG | 17,12 Mio € | 23.05.2005 | Kaufen | 9F387Q37+87 |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 13,56 | 14,64 | 0,93 | 6,97 | 0,62 | 107,70 | 0,37 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 06.06.2025 | 14.05.2025 | 31.07.2025 | 06.11.2024 | 07.04.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -11,14% | -17,15% | -1,61% | -17,29% | -30,29% |
Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.
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