Frankfurt Xetra-listed online betting operator bet-at-home AG has detailed solid growth for its full-year 2017 results (period ending 31 December).
Despite trading against a tough comparative period featuring UEFA Euro 2016, bet-at-home was able to generate group betting & gaming wagers of + €3 billion.
Sustained player activity on its verticals, saw bet-at-home record full-year gross revenues of €145 million, up 5% on FY2016’s €138 million, despite facing restrictions within its Polish market operations.
Closing its 2017 accounts, bet-at-home governance is pleased to announce its ‘highest ever EBITDA performance’ of €35 million (FY 2016: €33 million).
The Dusseldorf based operator declares full-year 2017 consolidated profits of €32.8 million (FY 2016: EUR 31.0 million).
Detailing operational highlights, bet-at-home noted that the company was able to refine and optimise its marketing spend during 2017, in light of no major football event occurring during the summer months.
In its trading statement, bet-at-home presents its initial 2018 corporate outlook (dependent on regulatory change). At present, bet-at-home governance targets full-year 2018 revenues of circa €150 million.
bet-at-home leadership expects to generate a corporate EBITDA in the range of €36-40 million for full-year 2018 trading.