bwin Interactive Entertainment AG - Results for Q1 2009

15 May 2009

    VIENNA, Austria, May 14 /PRNewswire-FirstCall/ --    Key financial indicators (pro forma consolidated)    (EUR million)          Q1/09  Q1/08  % YoY  Q4/08  % QoQ    Gross gaming revenues  117.6  104.6   12.5  117.7   -0.1    Net gaming revenues    102.1   91.9   11.1  101.0    1.1    Total revenues         119.4  102.5   16.5  121.2   -1.5    EBITDA (adjusted*)      36.0   25.8   39.2   19.2   87.8    EBIT                    21.9   12.3   78.0  -11.0   n.a.    Result after tax        18.9   11.0   72.9  -10.0   n.a.    Development of business in Q1 2009    Substantial growth of revenues and profit;    Increased margins reflect success of efficiency programme;    Rising net cash position underscores stability of bwin Group;    Improved live betting interface sets new standards;    Programming of new P5 poker platform now concluded;    New products in games sector    Q1 2009 financials (pro forma consolidated)

Gross gaming revenues: up 12.5% to EUR 117.6 million (Q1 2008: EUR 104.6million);

Record net gaming revenues: up 11.1% to EUR 102.1 million (Q1 2008: EUR91.9 million);

Record EBITDA (adjusted*): up 39.2% to EUR 36.0 million (Q1 2008: EUR25.8 million): EBITDA margin with respect to net gaming revenues up to 35.2%(Q1 2008: 28.1%);

Number of active customers up by 25.6%, consolidating market position;

Record result after tax: up 72.9% to EUR 18.9 million (Q1 2008: EUR 11.0million);

    Record net cash position: EUR 70.8 million (Q1 2008: EUR 53.2 million)    Improved outlook for 2009    bwin raises expectations for 2009:    Gross gaming revenues EUR 435 to 450 million;    EBITDA (adjusted) of more than EUR 110 million;

Dividend: planned payout ratio of 30-50% on consolidated profit reportedfor 2009

* Excluding non-cash expenses in connection with share-based remuneration(IFRS 2).

The complete report on the results on the Q1 2009 can be found online onthe bwin investor relations website at http://www.bwin.org, where it can alsobe downloaded in pdf format.

    Contact:    Press:    Kevin O'Neal, Press Officer    bwin Interactive Entertainment AG    Borsegasse 11, 1010 Vienna, Austria    Tel.: +43(0)50-858-24010    E-mail: press@bwin.org    http://www.bwin.org    Investors:    Konrad Sveceny, Investor Relations    bwin Interactive Entertainment AG    Borsegasse 11, 1010 Vienna, Austria    Tel.: +43(0)50-858-20017    E-mail: investorrelations@bwin.org    http://www.bwin.org

SOURCE bwin Interactive Entertainment AG