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Unibet Group announced solid Q1-2012 results this week
Thursday, May 10,2012 : UNIBET ONLINE DELIVERING
Transformation paying off says Chief
The Unibet Group announced solid Q1-2012 results this week.
Key Performance Indicators for the three month period to March 31, 2012 include:
- Gross winnings revenue up 36 per cent, amounting to GBP 51.1 million (Q1/2011: GBP 37.5 million)
- Successful completion of acquisition of Betchoice Corporation Pty Ltd for an initial
AUD 20 million (GBP 13.6 million)
- Expansion into regulated markets has resulted in a betting duty of GBP 3.0 million during the first quarter. M&A transaction costs were GBP 0.8 million and amortization of acquired assets were GBP 0.8 million for the first quarter.
- EBITDA GBP 15.3 million (Q1/2011: GBP 13.1 million)
- Profit from operations amounted to GBP 11.6 million (Q1/2011: GBP 11.2 million)
- Profit before tax amounted to GBP 11.7 million (Q1/2011: GBP 10.8 million)
- Profit after tax amounted to GBP 10.8 million (Q1/2011: GBP 10.0 million)
- Earnings per share GBP 0.381 million (Q1/2011: GBP 0.355)
- Operating cash flow before movements in working capital amounted to GBP 15.3 million (Q1/2011: GBP 13.2 million)
- Number of active customers 403 788 (Q1/2011: 328 054).
Henrik Tjärnström, chief executive officer of Unibet comments on the results:
“Unibet delivered another all-time high in Gross Winnings powered by its market-leading sportsbook, Kambi Sports Solutions, while at the same time undergoing a rapid transformation as more than 15 per cent of the gross winnings revenue in the quarter came from re-regulated markets. This development will continue through the year as Australia and Bet24 are fully integrated and our recent licence in Belgium is activated.”
“We continue to develop the business in line with our strategy and through the acquisitions of EurosportBet, Betchoice and Bet24 we are significantly increasing our exposure to re-regulated markets and at the same time taking us into major new markets outside Europe.
"These strategic developments will change our business model over time and I am confident that we are building a position to be a market-leader in the next generation online market.”
The company reports strong revenues kicking off its second quarter, an indication it says augers well for the future.
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.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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