Tuesday October 14,2014 : ANOTHER STRONG PERFORMANCE FROM FRANCE PARI
More growth in third quarter.
French sports betting provider and operator France Pari has reported further growth in its third quarter, bringing its revenues for the nine months so far in 2014 to Euro 13.1 million, with EBITDA reaching Euro 430,000 and net profits up at Euro 260,000.
In its third quarter, the company achieved revenues of Euro 4.1 million, EBITDA of Euro 115,000 and net profits of Euro 70,000, driven by a 30 percent increase in sports betting compared to the same period last year.
Gross profit margins increased 21 percent t Euro 800,000, thanks mainly to increased football wagering.
The mobile channel again delivered impressive user performance, delivering 30 percent of total wagering action through Android and iOS powered devices.
Horse race betting disappointed, with parimutuel stakes down 20 percent to Euro 240,000, but the company reported continued growth in its business-to-business activity, where revenues grew almost 300 percent to Euro 260,000 in Q3, thanks to strong performances from partners like Genybet, Eurotierce, Netbet and Zebet.