Playtech full year results deliver

Playtech reported its full year 2017 results Thursday delivering double digit revenue growth despite significant headwinds.

The company said it has improved the quality of earnings and made strategic progress in key growth areas.

Key performance highlights for the year ending December 31, 2017 include:

▪  Total revenues up 14 percent y-o-y to reach Euro 807 million (2016: Euro 708.6 million).  18 percent revenue growth at constant currency or 5 percent growth excluding acquisitions and at constant currency.

▪  Improved quality of earnings resulted in 54 percent Group regulated revenue (2016: 48 percent).

▪  Adjusted EBITDA up 7 percent to Euro 322 million (2016: Euro 302 million) on a reported basis and 11 percent at constant currency.

▪  Adjusted Group EBITDA margin of 40 percent (2016: 43 percent), in line with guidance. B2B Gaming margin was 49 percent (2016: 50 percent).

▪  Reported Net Profit of Euro 248 million (2016: Euro 193 million), up 29 percent.  Adjusted Net Profit was Euro 231 million (2016: 202.9 million), up 14 percent.

▪  Adjusted diluted EPS up 14 percent on a reported basis and 8 percent at constant currency.

▪  Gross cash at year end of Euro 584 million (2016: Euro 544.8 million) and Euro 413 million when adjusted (2016: Euro 392 million).

▪  Total dividend per share was up 10 percent.

“Management is confident 2017 has delivered a strong platform for strategic progress in 2018 through execution of organic opportunities and M&A,” Alan Jackson, Chairman of Playtech, commented.

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