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Unibet Group plc's first quarter 2014 interim report

Tuesday April 29,2014 :  UNIBET FIRST QUARTER RESULTS DELIVER
 
A host of all-time-high's for both Unibet and Kambi
 
Unibet Group plc's first quarter 2014 interim report delivered several all-time-highs in terms of profit, EBITDA and gross winnings revenue’s.
 
Key performance highlights for the January - March 2014 period include:
 
-     Gross winnings revenue amounted to GBP 67.6 million (Q1/2013: GBP 59.3 million), up 14 percent
-     EBITDA was GBP 21.3 million (Q1/2013: GBP 17.1 million), up 24.5 percent year-on-year.
-     Profit from operations of GBP 16.6 million (Q1/2013: GBP 12.5 million), up 33 percent.
-     Profit before tax amounted to GBP 16.5 million (Q1/2013: GBP 11.4 million).
-     Profit after tax amounted to GBP 15.3 million (Q1/2013: GBP 10.6 million), up 44 percent.
-     Earnings per share was GBP 0.544 (Q1/2013: GBP 0.378).
-     Operating cash flow before movements in working capital amounted to GBP 21.5 million (Q1/2013: GBP 17.1 million).
-     Active customers at the end of the quarter increased to 552,338 (Q1/2013: 489,923).
-     Re-regulated gross winnings revenue was 29 percent of the total gross winnings revenue.
-     Sports betting turnover was up by 18 percent (26 percent in local currency)
-     Casino gross winnings revenue was up by 15 percent (23 percent in local currency)
 
Henrik Tjärnström, chief executive officer of Unibet confirmed results were driven by strong organic growth and a sports betting margin of 8.0 percent after free bets resulting in new all-time-highs for Unibet in active customers, GWR, EBITDA and profit after tax.
 
Unibet's mobile channel represented 31 percent of total gross winnings revenue for the quarter while sports betting performance across Kambi customers delivered significant all-time-highs for Kambi in both revenue and EBITDA.
 
At the company AGM earlier this month, the Board of Directors of Unibet Group proposed that all Kambi Group Limited shares owned by Unibet, around 95 percent, be distributed to shareholders during June 2014, reinforcing a decision taken back in 2010 to spin off the company as a separate B2B business.  The remaining 5 percent is owned by Kambi management employees and the company will be renamed Kambi Group plc.



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NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

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NHL Odds: Forsberg Faces Elliott in Nashville - 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.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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