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Unibet 2011 Results
Wednesday August 10, 2011 : Profit down due to exit of French market and World Cup adjustment
Swedish online gambling operator Unibet Group plc continued to show the impact of its French market withdrawal and comparisons to the World Cup 2010 period in the company's Q2/2011 and HY1/2011 results.
The company's online Maria brand performed strongly delivering record gross winnings revenue up over 35 percent compared to last year with growth in Casino and Games products now accounting for 60 percent of the brands revenue.
Poker continues to deliver disappointing results for the company.
Key Performance indicators for the Quarter 2/2011 period include:
• Gross Winnings Revenue amounted to GBP 34.3 million (Q2/2010: GBP 39.2 million).
• Profit from operations amounted to GBP 7.3 million (Q2/2010: GBP 8.4 million)
• Profit before tax amounted to GBP 7.2 million (Q2/2010: GBP 10.0 million).
• Profit after tax GBP 6.7 million (Q2/2010: GBP 9.1 million)
• Number of active customers for the quarter was 301,038 (402,091).
Key Performance Indicators for the first half year 2011 include:
• Gross Winnings Revenue amounted to GBP 71.8 million (HY1/2010: GBP 81.0 million).
• Profit from operations amounted to GBP 18.4 million (HY1/2010: GBP 19.0 million).
• Profit before tax amounted to GBP 18.0 million (HY1/2010: GBP 20.3 million).
• Profit after tax amounted to GBP 16.7 million (HY1/2010: GBP 18.6 million).
Henrik Tjärnström, CEO, Unibet commented on the results:
“I am pleased to report another quarter of strong underlying results. Excluding the additional effect of the World Cup in 2010 and adjusting both for France (22 percent of overall revenue in Q2/2010) and for the positive currency benefits in 2011, Unibet’s underlying growth in gross winnings revenue was 16 percent year-on-year.
“During the first half of 2011 we have assessed a number of possible acquisition targets in line with our strategy to focus on opportunities for controlled growth in new regions with potential for long-term profitability. We continue to evaluate potential consolidation or growth opportunities while keeping a strong focus on the core business.”
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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