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Unibet delivered its first quarter results
Wednesday April 29,2015 : UNIBET PLEASED WITH UNDERLYING GROWTH
Results impacted by currency exchange reportage
Unibet delivered its first quarter results reporting a drop in gross winnings revenue, the result affected by currency exchange fluctuations.
The company said underlying organic growth in gross winnings revenue was more than 15 percent if considered in a constant currency.
Key performance highlights for the quarter included:
Gross winnings revenue of GBP 76.1 million (Q1/2014: GBP 76.5 million).
If reported in SEK, gross winnings revenue for the quarter would have amounted to SEK 960.1 million (Q1/2014: SEK 818.5 million) million, a growth of more than 17 percent and more than 20 percent excluding Kambi.
EBITDA of GBP 14.4 million (Q1/2014: GBP 21.3 million).
Profit from operations of GBP 11.3 million (Q1/2014: GBP 16.6 million).
Profit before tax amounted to GBP 11.3 million (Q1/2014: GBP 16.5 million).
Profit after tax amounted to GBP 10.0 million (Q1/2014: GBP 15.3 million).
Earnings per share for the first quarter of 2015 were GBP 0.351 (Q1/2014: GBP 0.544).
Active customers increased to 612 269 (Q1/2014: 552 338).
All time high in customer deposits of 12 percent in GBP and 24 percent in constant currency.
Sports betting turnover up 17 percent in GBP and 30 percent in constant currency.
Strong growth in mobile, the channel now accounts for 48 percent of gross winnings revenue.
28 percent of gross winnings revenue derived from locally regulated markets.”
“In the period up to 26 April, daily average gross winnings revenue in constant currency was around 4 percent higher than in the first quarter 2015. Underlying activity continues to develop extremely positively, with sports betting turnover up 22 percent in GBP (39 percent in constant currency) compared to the same period in 2014”, said Henrik Tjärnström, chief executive officer of Unibet.
In related news, sports betting provider Kambi’s quarterly results delivered a 47 percent increase in turnover and a 29 percent increase in revenue.
Performance indicators include:
Revenue amounted to Euro 10.0 million (Q1/2014: 7.7 million), an increase of 29 percent.
Operating profit (EBIT) was Euro 0.8 million (Q1/2014: Euro -0.1 million), with a margin of 8 percent (-1 percent)
Profit after Tax amounted to Euro 0.6 million (Q1/2014: Euro -0.3 million)
Earnings per share were Euro 0.020 (Q1/2014: Euro -0.017)
Cash flow from operating and investing activities (excluding working capital) amounted to Euro 1.0 million (Q1/2014: Euro 0.0 million)
“We are positive about regulatory changes in the Italian market and the opportunities they give us, as we prepare the launch of a premium offering compliant with the new regulation. We continue to strengthen our sales team and are in a number of ongoing discussions with potential customers”, commented Kristian Nylén, chief executive officer of Kambi.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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