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Tipp24 reinstates full year forecast following mistaken jackpot

2nd September 2014 8:25 am GMT

German lottery brokerage Tipp24 has reinstated its previous earnings forecast for the year after revealing that Sunday's €44m jackpot win announcement was a mistake.

The company issued a profit warning over the weekend based on a player winning €44m in a secondary lottery, causing Tipp24's share price to fall by more than 8 per cent in Frankfurt Monday.

Tipp24 had said that as a result of the win, it had reduced its EBIT forecast to €10-20m, with its revenue [...]

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