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Mybet Weak Earnings Report
Friday November 9, 2012 : MYBET WEAK MARGINS AFFECT REVENUE
But strong growth and a positive outlook
mybet Holding SE published its report on the first nine months of 2012 delivering strong growth but weak bookmaking margins which affected revenue.
Key performance highlights for the Group over the period include:
- Revenues of Euro 49.3 million, up 14.3 percent.
- EBIT was Euro 6.8 million with lottery divestment proceeds of Euro 7.7 million ergo the operating result was Euro -1.0 million.
- Total number of customers exceeded 1 million.
- Betting stakes rose 40 percent to Euro 136.3 million (9M/2011: Euro 15.6 million).
In a departure from its original plans, mybet financial performance was boosted by the end-customer paying the entire German gaming tax with 5 percent added to betting stakes since July 1, 2012.
The Company said it has experienced a strong start to the fourth quarter of 2012 which promises record betting stake levels and good margins. The imminent launch of its mybet app for iOS and Android platforms should further its full year fiscal goals.
Based on nine-month figures and continued progress in the fourth quarter, mybet said it expects revenue of between Euro 65 and 70 million for the 2012 fiscal year along with a positive EBIT.
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US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
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The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
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NBA Odds: Clippers Try to Slow Down Bucks in LA -
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NHL Odds: Canadiens Welcome Islanders Tonight -
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NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
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Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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