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Bet-At-Home First Quarter Financials Show Promise

Internet betting firm Bet-At-Home has released its first quarter financial results, noting increases in revenues and EBITDA.

Key financial indicators for the first quarter ending March 31st, 2014 were:

  • EBT increased by Euro 4.7 million to Euro 8.3 million (Q1/2013: Euro 3.5 million)

  • Increase in gross gaming revenue by 10.9 percent to Euro 25.2 million (Q1/2013: Euro 22.7 million)

  • EBITDA reached Euro 8.0 million (Q1/2013: EUR 3.4 million).

  • EBIT increased by Euro 4.5 million to Euro 7.8 million (Q1/2013: Euro 3.3 million).

  • Group financial result increased to Euro 0.4 million (Q1/2013: Euro 0.2 million).

  • Gross betting and gaming revenue was Euro 25.2 million (Q1/2013: 22.7 million), up 10.9 percent

  • Gaming volume amounted to Euro 495.2 million, (Q1/2013: 477.5 million), up 3.7 percent

  • Sports betting tax and gaming charges amounted to Euro 3.3 million (Q1/2013: Euro 3.2 million)

  • Net gaming revenue increased to Euro 21.9 million (Q1/2013: Euro 19.5 million)

  • Decrease in marketing spend to Euro 7.7 million (Q1/2013: Euro 10 Million)

  • Increase in registered customers to 3.7 million (Q1/2013: 3.3 million).

  • Other operating expenses of Euro 3.1 million (Q1/2013: Euro 3.5 million), down 11.2 percent

  • Group equity increased substantially to Euro 50.1 million (31.12.2013: Euro 44.6 million), resulting in an increased Group equity ratio of 66.0 percent (31.12.2013: 64.5 percent).

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