Pferdewetten.de

A voting-rights notification via EQS shows that Sebastian Weiss, respectively weiss media GmbH, have reduced their total voting-rights stake in pferdewetten.de to 4.57%. Of this, 4.47% relate to attributable direct voting rights and 0.10% to convertible debt; previously it was 7.02%. The date of threshold contact is given as 29 September 2025. » More on de.investing.com

The management board and supervisory board of pferdewetten.de have resolved a cash capital increase from the authorized capital 2026 of up to €5.83 million. Up to 2,650,000 new shares are to be issued at a subscription price of €2.20; the subscription ratio is 7:2 and the subscription period has not yet been set. The new shares will carry dividend rights from 1 January 2025. The company is negotiating with investors on a backstop agreement to subscribe 2 million shares; net proceeds are intended primarily to finance acquisitions in sports-betting retail, to improve the capital structure and for strategic expansion. » More on de.investing.com

The management board of pferdewetten.de reports that various one-off effects will likely have a significantly negative impact on 2025 EBITDA. Causes include increased write-downs on receivables, capitalized expenses from acquisitions, potential claims from accession to liabilities, restructuring costs and IT invoicing optimizations; instead of the previously expected +€0.7 million, the company now expects around −€3.5 to −€3.8 million EBITDA. A reduction in the interest rate on two convertible bonds has a positive effect, producing a one-off financial result of about €3.4 million; for H1 2026 an unaudited operating EBITDA of about €3 million is expected. » More on de.investing.com