BetatHome Q1 Earning Results


Marketing investments raise brand profile.

Betclic Everest subsidiary has released solid first quarter results attributed to ongoing marketing and brand awareness strategies which include its high profile jersey sponsorship of Berlin-situated football Club Hertha BSC.

Key performance indicators for the three month period ending March 31, 2016 include:

–    Gross betting and gaming revenue up by 6.4 percent to Euro 30.3 million (Q1/2015: Euro 20.4 million).

–    Net betting and gaming revenue increased by 4.6 percent to Euro 24.5 million (Q1/2015: EUR 23.4 million).

–    Group betting and gaming volume totalled Euro 648.9 million (Q1/2015: EUR 587.5 million), an increase of 10.4 percent.

–    EBT amounted to Euro 7.9 million (Q1/2015: Euro 9.8 million).

–    EBIT amounted to Euro 7.3 million (Q1/2015: Euro  9.3 million).

–    Betting fees and gaming levies amounted to Euro 3.7 million (Q1/2015: Euro 3.5 million).

–    VAT regulations for electronic service providers in the European Union resulted in an expense of Euro 2.1 million (Q1/2015: Euro 1.6 million).

–    Marketing and sponsorship expenses amounted to Euro 8.8 million (Q1/2015: EUR 6.5 million) .

–    Liquid assets and securities increased to Euro 53.4 million.

–    4.3 million registered customers (Q1/2015: 4.1 million).

The management board said, assuming that the regulatory and fiscal environment remains unchanged, it forecasts a 10 percent increase in gross gaming revenues to Euro 134.0 million in the 2016 financial year and an EBITDA of around Euro 30.0 million.