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Unibet Q2/2015 Report
Wednesday August 5,2015 : UNIBET BETTERS PRIOR ALL TIME HIGH’S IN LATEST RESULTS
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 GBP 80.5 million (Q2/2014: GBP 75.6 million).
The company noted that underlying organic growth in gross winning revenue in constant currency was more than 21 percent.
- EBITDA was GBP 19.0 million (Q2/2014: GBP 15.8 million).
- Profit from operations amounted to GBP 15.8 million (Q2/2014: GBP 12.3 million).
- Profit before tax amounted to GBP 15.2 million (Q2/2014: GBP 12.4 million.
- Profit after tax amounted to GBP 13.4 million (Q2/2014: GBP 11.2 million).
- Earnings per share were GBP 0.471 (Q2/2014: GBP 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 GBP 156.6 million (HY1/2014: GBP 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 GBP 33.4 million (HY1/2014: GBP 36 million).
- Profit from operations amounted to GBP 27.1 million (HY1/2014: GBP 27.6 million)
- Profit before tax amounted to GBP 26.5 million (HY1/2014: GBP 27.8 million).
- Profit after tax amounted to GBP 23.4 million (HY1/2014: GBP 25.4 million).
- Earnings per share were GBP 0.822 (HY1/2014: GBP 0.902).
The company said mobile revenues grew by 48 percent in GBP and 69 percent in constant currency.
Growth in sportsbook turnover was 12 percent in GBP (over 27 percent 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”.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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