EANS-Adhoc: bwin Interactive Entertainment AG / Q4 and financial year 2009

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

15.04.2010

Key financial indicators (pro forma consolidated, unaudited)

EUR million           Q4 09 Q4 08 % YoY 2009  2008  % YoY
Gross gaming revenues 132.9 117.7 12.9% 446.6 420.9 6.1%
Net gaming revenues   109.8 101.0 8.7%  373.0 364.5 2.3%
Total revenues        125.4 121.2 3.4%  433.8 425.4 2.0%
EBITDA (adjusted)*    34.3  19.2  79.0% 102.2 65.2  56.7%
EBIT                  21.2  -11.0 n.a.  51.2  -12.7 n.a.
Result after tax      19.3  -10.0 n.a.  46.3  -12.8 n.a.

Highlights of 2009 business development
# Significant rise in results and profitability for the year
# Successful positioning as market leader in regulated and booming Italian
online gaming market
# State-of-the-art live betting interface and new P5 poker platform
reflect technology leadership
# Excellent liquidity position further increased
Financial year 2009 (pro forma consolidated)
# Gross gaming revenues: up 6.1% to EUR 446.6 million, or up 2.8% to EUR
432.7 million excl. Gioco Digitale (2008: EUR 420.9 million)
# Net gaming revenues: up 2.3% to EUR 373.0 million, or up 0.4% to EUR
366.0 million excl. Gioco Digitale (2008: EUR 364.5 million)
# EBITDA (adjusted*): up 56.7% to EUR 102.2 million (2008: EUR 65.2
million)
# Result after tax of EUR 46.3 million (2008: EUR minus 12.8 million)
# Dividend in the amount of EUR 22.3 million (EUR 0.6 per share) planned
for financial year 2009

Q4 2009 (pro forma consolidated)
# Gross gaming revenues: up 12.9% to EUR 132.9 million, or up 1.1% to EUR
119.0 million excl. Gioco Digitale (Q4 2008: EUR 117.7 million)
# Net gaming revenues: up 8.7% to EUR 109.8 million, or up 1.8% to EUR
102.8 million excl. Gioco Digitale (Q4 2008: EUR 101.0 million)
# EBITDA (adjusted*): up 79.0% to EUR 34.3 million (Q4 2008: EUR 19.2
million)
# Result after tax of EUR 19.3 million (Q4 2008: EUR minus 10.0 million)
# Net cash position EUR 98.9 million (Q4 2008: EUR 56.9 million)

Further significant increase in results anticipated for 2010
# bwin expects a substantial increase in both gross gaming revenues and
profit for the current financial year
# In Q1 2010 both gross gaming revenues per day (up 12.5% on Q1 2009, or
down 1.3% excl. Gioco Digitale compared to a strong Q1 2009) and EBITDA are in
line with management expectations
# The forecast for the current financial year will be adapted as soon as
the timing for new product launches in Italy and details of the opening-up of
the French market are known

* excluding non-cash costs in connection with Share-based Payment (IFRS 2) and
related one-off expenses

The complete report on the results of the Q4 and financial year of 2009 can be
found online on the bwin investor relations website at www.bwin.org, where it
can also be downloaded in pdf format.

Further inquiry note:
Investors:
Konrad Sveceny, Investor Relations
bwin Interactive Entertainment AG
Boersegasse 11, 1010 Vienna, Austria
Tel.: +43 (0) 50 858-20017
E-mail:[email protected]
http://www.bwin.org

Press:
Katharina Riedl, Corporate Communications
bwin Interactive Entertainment AG
Boersegasse 11, 1010 Vienna, Austria
Tel.: +43 (0) 50 858-20069
E-mail:[email protected]
http://www.bwin.org
end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: bwin Interactive Entertainment AG
Börsegasse 11/Lift 3/Top floor
A-1010 Wien
phone: +43 (0) 50 858-0
FAX: +43 (0) 50 858-16
mail: [email protected]
WWW: www.bwin.org
sector: Casinos & Gambling
ISIN: AT0000767553
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

print