Unibet betters prior all time high’s in latest results

Unibet Group plc delivered a respectable second quarter and first half year report Wednesday, impacted, it says, by currency exchange rates after translation.

Key financial highlights for Q2/2015 include:

–    New all-time high in gross winnings revenue amounting to GBP 80.5 million (Q2/2014: GBP 75.6 million).

The company noted that underlying organic growth in gross winning revenue in constant currency was more than 21 percent.

–    EBITDA was GBP 19.0 million (Q2/2014: GBP 15.8 million).

–    Profit from operations amounted to GBP 15.8 million (Q2/2014: GBP 12.3 million).

–    Profit before tax amounted to GBP 15.2 million (Q2/2014: GBP 12.4 million.

–    Profit after tax amounted to GBP 13.4 million (Q2/2014: GBP 11.2 million).

–    Earnings per share were GBP 0.471 (Q2/2014: GBP 0.397).

–    Number of active customers at the end of the quarter was 603,528 (Q2/2014: 610,319).

Key financial highlights for the HY1/2015 period include:

–    Gross winnings revenue amounting to GBP 156.6 million (HY1/2014: GBP 150.2 million).

If reported in SEK, gross winnings revenue for the second quarter would have amounted to SEK 1,037.6 (HY1/2014: SEK 840.1 million).

–    EBITDA was GBP 33.4 million (HY1/2014: GBP 36 million).

–    Profit from operations amounted to GBP 27.1 million (HY1/2014: GBP 27.6 million)

–    Profit before tax amounted to GBP 26.5 million (HY1/2014: GBP 27.8 million).

–    Profit after tax amounted to GBP 23.4 million (HY1/2014: GBP 25.4 million).

–    Earnings per share were GBP 0.822 (HY1/2014: GBP 0.902).

The company said mobile revenues grew by 48 percent in GBP and 69 percent in constant currency.

Growth in sportsbook turnover was 12 percent in GBP (over 27 percent in constant currency), and an all time high in casino and games indicated strong underlying activity.

“In the period up to 2 August, daily average gross winnings revenue in constant currency was slightly above the daily average of the third quarter of 2014, despite lower margins compared to the exceptionally high margin in July 2014,”  Henrik Tjärnström, chief executive officer for Unibet said.

“Underlying activity continues to develop extremely positively, with sports betting turnover up 20% in constant currency compared to the same period in 2014, which included the final stages of the World Cup”.

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