bwin Interactive Entertainment AG: Q4 2009 and Financial Year 2009

    VIENNA, Austria, April 15, 2010 /PRNewswire-FirstCall/ --

    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 http://www.bwin.org, where it can also be downloaded in pdf format.

    Press:

    Investors:

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

    Katharina Riedl, Corporate Communications
    bwinInteractive Entertainment AG
    Borsegasse 11, 1010 Vienna, Austria
    Tel: +43(0)50-858-20069
    E-mail: [email protected]
    http://www.bwin.org

SOURCE bwin Interactive Entertainment AG

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