SBC News Unibet Publish 2013 Interim Report

Unibet Publish 2013 Interim Report

unibetIgaming operator Unibet Plc published its 2013 interim report for the performance period of January to June 2013. Unibet Group announced it had witnessed a 19% increase in 2013 first half performance, growth had been contributed by a strong start to 2013 which saw revenues generated of £113.4m. Unibet also witnessed strong take up by customers of its mobile casino and sports betting product.

 

Below is a summary of the key figures published by Unibet PLC

  • Gross winnings revenue amounted to GBP 54.1 (45.3) million for the second quarter of 2013 and GBP 113.4 (96.5) million for the first half year 2013.
  • EBITDA for the second quarter of 2013 was GBP 12.0 (11.8) million and GBP 29.1 (27.1) million for the first half year 2013. ·
  • Profit from operations for the second quarter of 2013 amounted to GBP 7.3 (6.4) million. Profit from operations for the first half year 2013 amounted to GBP 19.8 (18.1) million. ·
  • Profit before tax for the second quarter of 2013 amounted to GBP 7.2 (6.4) million. Profit before tax for the first half year 2013 amounted to GBP 18.6 (18.1) million. ·
  • Profit after tax for the second quarter of 2013 amounted to GBP 6.7 (5.7) million. Profit after tax for the first half year 2013 amounted to GBP 17.2 (16.4) million.
  • Earnings per share for the second quarter of 2013 were GBP 0.238 (0.203) and GBP 0.616 (0.591) for the first half year 2013. ·
  • Operating cash flow before movements in working capital amounted to GBP 12.1 (10.1) million for the second quarter 2013 and GBP 29.2 (25.5) million for the first half year 2013. · Number of active customers for the quarter was 446,649 (427,207).

Unibet Group consists of Unibet, Kambi Sports Solutions and Maria Gaming. The strong performance by Unibet in the first half of 2013, has set the company in steed to hit its 2013 targets. CEO  Henrik Tjärnström commented the following on the companies performance: –

  • “Profitability in the second quarter was strong, taking into account sports betting margins slightly below the long-term average and also lower than the same period in 2012. The prior year result for the second quarter also included a number of acquisition-related one-off items with a net positive effect.”
  • “Kambi achieved a major milestone by going live with a full service sportsbook offering for 888 in the second quarter. This demonstrates that Kambi is a valued supplier to leading international operators, even when their core markets and product priorities are different from Unibet.”
  • “In the first 5 weeks of the third quarter average daily gross winnings revenue has increased by approximately 10 per cent over the same period in 2012”, says Henrik Tjärnström, CEO of Unibet.

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