Internet betting firm Unibet Group plc has released its full year 2012 financial results, noting a solid performance including a higher gross winning total.
Key financial indicators for the full year ending December 31st, 2012 were:
Gross Winnings Revenue of £56.9 million (Q4/2011: £44.7 million) and £197.2 million (FY2011: £154.4 million) for the full year 2012.
EBITDA was £16.8 million (Q4/2011: £14.9 million). EBITDA for the full year 2012, was £52.5 million (FY2011: £48.0 million).
Profit from operations amounting to £12.6 million (Q4/2011: £12.1 million) and £35.1 million (FY2011: £38.8 million) for the full year 2012.
Profit before tax of £12.1 million (Q4/2011: £11.9 million. Profit before tax for the full year 2012 amounted to £34.2 million (FY2011: £38.1 million).
Profit after tax amounting to £11.8 million (Q4/2011: £11.3) million. Profit after tax for the full year 2012 amounted to £31.6 million (FY2011: £35.5 million).
Earnings per share was £0.421 (Q4/2011: £0.407) and £1.132 (FY2011: £1.270) for the full year 2012.
Operating cash flow before movements in working capital amounted to £16.9 million (Q4/2011: £15.0 million) and £51.1Million (FY2011: £48.5 million) for the full year 2012.
Number of active customers at the end of the quarter was 491,958 (Q4/2011: 400,697).
Board of Directors proposes a dividend of £0.700 (£0.580) per share/SDR, amounting to a proposed distribution to shareholders of £19.6 million (£16.0 million).
Commenting on his company's performance Unibet CEO HenrikTjärnström said: “The gaming market is increasingly divided into those who embrace the opportunities and challenges provided by re-regulation and those who don’t. Strong growth in Denmark , Belgium and Italy show that the opportunity provided by re-regulation in Unibet’s core markets helps to offset the short-term impact of higher betting duties and compliance costs."
“Unibet takes a lead in working with regulators and other official bodies to develop sustainable local regulations that provide a fair market while ensuring social policy goals are achieved."