Unibet Group plc – Interim report January – March 2014 (unaudited)03/22/2015 admin Add Comment
Profit before tax for the first quarter of 2014 amounted to GBP 16.5 (11.4) million.
LONDON–(BUSINESS WIRE)–First quarter summary
“The Mobile channel continued to develop strongly in the quarter and represented 31 per cent of total gross winnings revenue.”
Profit from operations for the first quarter of 2014 amounted to GBP 16.6 (12.5) million.
“The sports betting performance across all Kambi customers also powered a significant all-time-high for Kambi on both revenue and EBITDA for the quarter, building on the positive momentum in the business from previous quarters. Today, Unibet has 8.9 million customers in over 100 countries. Unibet also offers Sportsbook B2B services through Kambi Sports Solutions, www.kambi.com. Kambi’s growth and increasing profitability confirm that now is the right time to maximise the value of the investments that Unibet has made through the proposed distribution of Kambi to shareholders”
More information about Unibet Group plc can be found on www.unibetgroupplc.com
Number of active customers at the end of the quarter was 552,338 (489,923).
Earnings per share were GBP 0.544 (0.378) for the first quarter of 2014.
Operating cash flow before movements in working capital amounted to GBP 21.5 (17.1) million for the first quarter 2014.
“Gross winnings revenue for the first quarter increased by 14 per cent compared to the same period in 2013 (21 per cent excluding the FX translation effects from the strengthening of the GBP). Re-regulated gross winnings revenue was 29 per cent of the total gross winnings revenue. As the sports betting margin for the first weeks of April has been below the long term average, the average daily revenue for the period to 27 April 2014 is similar to the average for the second quarter 2013 in GBP but 7 per cent higher in local currencies,” says Henrik Tjärnström, CEO of Unibet.
“Profit from operations up 33 per cent pure organically”
Profit after tax for the first quarter of 2014 amounted to GBP 15.3 (10.6) million.
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Gross winnings revenue amounted to GBP 67.6 (59.3) million for the first quarter of 2014.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for the first quarter of 2014 were GBP 21.3 (17.1) million.. Unibet is a member of the EGBA, European Gaming and Betting Association, RGA, Remote Gambling Association in the UK and is audited and certified by eCOGRA in relation to responsible and fair gaming.
“Sports betting turnover is up by 18 per cent (26 per cent in local currency) and casino gross winnings revenue is up by 15 per cent (23 per cent in local currency) for the period to 27 April 2014. Unibet is one of the largest listed gambling operators in the European market and provides services in 22 languages through www.unibet.com, www.unibet.dk, www.unibet.fr, www.unibet.it, www.unibet.be, www.unibet.ee, www.unibet.com.au, www.maria.com, www.mariacasino.ee and www.mariacasino.dk. The strong organic growth and a sports betting margin of 8.0 percent after free bets have resulted in new all-time-highs for Unibet in active customers, GWR, EBITDA and profit after tax.”
Unibet was founded in 1997 and is an online gambling company listed on NASDAQ OMX StockholmUncategorized