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Unibet Reveals Financial Results

Gambling company Unibet Group plc has announced its financial results that include the period through September, 2011.

Speaking about the company's results, Unibet CEO Henrik Tjärnström said, “Compared with the same period last year gross winnings revenue grew by 22% and profit from operations grew by 47%."

“Especially pleasing is the success for Maria which is continuing to deliver excellent results. Revenues for October are ahead of the same period in 2010, partly as a result of more favorable sports margins, but more importantly through a continuation of the underlying positive trends from previous quarters. While Unibet continues to evaluate new opportunities in the market, I am very pleased to announce that in addition to the share buy-backs in the quarter, the Board is now proposing an interim dividend and has stated a new distribution policy that balances short-term cash distributions with our intent to invest in the business to deliver long-term profitable growth.”

Key financial indicators for the period include:

  • Gross Winnings Revenue of £37.8 (31.0) million for the third quarter of 2011 and £109.7 (112.0) million for the period January to September 2011.

  • Profit from operations for the third quarter 2011 at £8.2 (5.6) million and £26.6 million (24.6) million for the period January to September 2011.

  • Profit before tax for the third quarter of 2011 of £8.2 (4.3) million and £26.2 (24.6) million for the period January to September 2011.

  • Profit after tax for the third quarter of 2011 at £7.5 (3.7) million and £24.2 (22.4) million for the period January to September 2011.

  • Earnings per share for the third quarter of 2011 were £0.269 (0.134) and £0.864 (0.797) for the period January to September 2011.

  • Operating cash flow before movements in working capital amounted to £10.7 (8.6) million for the third quarter 2011 and £33.5 (32.5) million for the period January to September 2011.

  • Number of active customers at the end of the third quarter was 325,194 (320,573).

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