Unibet Betters Prior All Time High's In Latest Results

UNIBET BETTERS PRIOR ALL TIME HIGH'S IN LATEST RESULTS

05th August, 2015 at 13:25:42
Source: http://www.azonlinecasinos.com

But results "significantly impacted by currency exchange rates"

Unibet Group plc delivered a respectable second quarter and first half year report Wednesday, impacted, it says, by currency exchange rates after translation.

Key financial highlights for Q2/2015 include:

- New all-time high in gross winnings revenue amounting to £ 80.5 million (Q2/2014: £ 75.6 million).

The company noted that underlying organic growth in gross winning revenue in constant currency was more than 21 percent.

- EBITDA was £ 19.0 million (Q2/2014: £ 15.8 million).

- Profit from operations amounted to £ 15.8 million (Q2/2014: £ 12.3 million).

- Profit before tax amounted to £ 15.2 million (Q2/2014: £ 12.4 million.

- Profit after tax amounted to £ 13.4 million (Q2/2014: £ 11.2 million).

- Earnings per share were £ 0.471 (Q2/2014: £ 0.397).

- Number of active customers at the end of the quarter was 603,528 (Q2/2014: 610,319).

Key financial highlights for the HY1/2015 period include:

- Gross winnings revenue amounting to £ 156.6 million (HY1/2014: £ 150.2 million).

If reported in SEK, gross winnings revenue for the second quarter would have amounted to SEK 1,037.6 (HY1/2014: SEK 840.1 million).

- EBITDA was £ 33.4 million (HY1/2014: £ 36 million).

- Profit from operations amounted to £ 27.1 million (HY1/2014: £ 27.6 million)

- Profit before tax amounted to £ 26.5 million (HY1/2014: £ 27.8 million).

- Profit after tax amounted to £ 23.4 million (HY1/2014: £ 25.4 million).

- Earnings per share were £ 0.822 (HY1/2014: £ 0.902).

The company said mobile revenues grew by 48% in £ and 69% in constant currency.

Growth in sportsbook turnover was 12% in £ (over 27% in constant currency), and an all time high in casino and games indicated strong underlying activity.

"In the period up to 2 August, daily average gross winnings revenue in constant currency was slightly above the daily average of the third quarter of 2014, despite lower margins compared to the exceptionally high margin in July 2014," Henrik Tjärnström, chief executive officer for Unibet said.

"Underlying activity continues to develop extremely positively, with sports betting turnover up 20% in constant currency compared to the same period in 2014, which included the final stages of the World Cup".

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