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Paddy Power Releases 2014 Annual Report

Irish Betting firm Paddy Power has published their full year 2014 annual report, noting some impressive financial results in terms of turnover and revenues.

Key financial results for the year were:

  • Record turnover of Euro 7 billion - 16 percent up on 2013.

  • Revenue up 18 percent to Euro 881.6 million.

  • Operating profit of Euro 164 million in 2014.

  • Pre-tax profits of Euro 167 million - up 18 percent.

  • Operating profit growth of Euro 26 million up 19 percent at Euro 163.8 million despite a Euro 11 million hit due to new taxes, increased product fees and currency translation.

  • Operating profits in the Online Australia division soared by 56 percent to Euro 52.4 million, while operating profits in Online operations excluding Australia rose by 3 percent to Euro 75.3 million.

  • EBITDA up 20 percent at Euro 211.8 million.

  • Disappointing sporting results resulting in only marginal improvement.

  • EPS up 18 percent at Euro 297.6 cents and a total dividend up 13 percent of Euro 1.52 per share, along with a special cash back dividend of Euro 8 per share.

  • Net cash on hand at the end of 2014 was Euro 285 million.

Those interested in reading the full report can do so here.

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