Germany’s Tipp24 has increased its EBIT forecast to €40m for the 2011 financial year after the company’s subsidiary, MyLotto24, settled its dispute regarding the payment of an insurance claim.
Last year Tipp24 said that its insurance company refused to pay out on a claim filed in connection with the €31.7 million winning payment which it made in September 2009, causing Tipp24 to restate its consolidated EBIT forecast for the 2009 fiscal year to €21m, a drop [...]
