Internet betting firm Bet-At-Home.com AG has published their first half 2015 financial results, noting an increase in earnings.
Key financial indicators for the first half of 2015 were:
EBITDA increased to Euro 16.0 million, up Euro 7.2 million (HY1/2014: Euro 8.8 million).
EBIT was up by Euro 7.1 million to Euro 15.5 million (HY1/2014: Euro 8.5 million).
Group financial result increased to Euro 1.0 million (HY1/2014: Euro 0.8 million).
Earnings before taxes amounted to Euro 16.6 million, Euro 7.3 million up on last year ((HY1/2014: Euro 9.3 million).
Gross betting and gaming revenue was Euro 56.7 million, up 6.9 percent (HY1/2014: Euro 53.1 million).
Betting and gaming volume for bet-at-home.com AG was 8.8 percent up to Euro 1,172.3 million (HY1/2014: Euro 1,077.8 million).
Net gaming revenue was Euro 46.6 million (HY1/2014: EUR 46.7 million) despite “new massive tax burdens”.
4.1 million registered customers (HY1/2014: 3.8 million).
Other operating expenses amounted to Euro 8.2 million (HY1/2014: Euro 6.4 million), attributed to expenses based on increased gaming volumes.
Group equity increased to Euro 74.4 million (31/12/2014: Euro 67.5 million), despite a dividend payment of Euro 4.2 million in Q2 of 2015.
Liquid funds and current securities amounting to Euro 37.2 million (31/12/2014: Euro 31.5 million).