Bet-At-Home achieve all time high in YTD report
News on 6 Nov 2017
News on 6 Nov 2017
Bet-At-Home AG has achieved all time highs in both revenue and EBITDA according to its latest fiscal report.
Consolidated results for the first three quarters of 2017, ending September 30 2017, include:
– A 19 percent increase in EBIT to Euro 24.4 million, up Euro 3.9 million year-on-year (Q1-Q3 2016: Euro 20.5 million).
– EBITDA of Euro 25.4 million (Q1-Q3 2016: Euro 21.3 million).
– Betting and gaming volume of Euro 2,393.6 million in the first three quarters 2017.
– An 8.3 percent increase in gross betting and gaming revenue to Euro 108.7 million (Q1-Q3/2016: Euro 100.4 million).
– An increase in betting fees and gambling levies to Euro 14.5 million corresponding with the increase in gross betting and gaming revenue (Q1-Q3/2016: Euro 11.8 million). VAT regulations for electronic service providers in the European Union resulted in an expense of Euro 6.8 million YTD (Q1-Q3/2016: Euro 6.8 million).
– Net betting and gaming revenue increased to Euro 87.4 million (Q1-Q3 2016: Euro 81.8 million).
– Total marketing costs of Euro 32.7 million.
– An increase in registered customers to 4.8 million (30.09.2016: 4.5 million).
– Cash and cash equivalents and marketable securities of Euro 92.8 million (31/12/2016: Euro 91.8 million).
The company has confirmed previous full year guidance and a dividend proposal within the range of Euro 6 and Euro 8 per share.
Bet-At-Home’s Board expects full year gross betting and gaming revenues to reach Euro 144 million during the 2017 fiscal year and EBITDA of between Euro 34 million and Euro 38 million.
