mybet Holding SE announced earnings results for 2016. Revenue declined during the financial year 2016 by 16.2% to EUR 45.0 million against EUR 53.7 million a year ago. The loss before interest and taxes without one-off effects (EBIT) of the mybet Group amounted to EUR 5.8 million, thus improving strongly compared to the previous year of EUR 10.8 million. The profit for the period of mybet Group of the year 2016 also improved strongly against the previous year with EUR 1.2 million against loss of EUR 8.0 million a year ago. The main reason for this positive development was the income from the sale of pferdewetten.de AG and C4U-Malta Ltd. in the course oft he strategic focusing on the activities in sports betting and casino with additional B2B services.

The forecast for the year 2017 of the mybet Group anticipates revenues between EUR 44.5 and EUR 47 million with an LBIT between EUR 3.2 and EUR 2.7 million. These targets shall be reached despite the still very limited financial leeway and a first quarter of 2017, in which the online business still was mainly driven by the old platform.