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Unibet Posts Record Setting Financials

Internet betting group Unibet has posted its second quarter and first half financial results this week, with the company announcing all time highs in gross revenues.

Key financial indicators for the second quarter of 2015 were:

  • New all-time high in gross winnings revenue amounting to GBP 80.5 million (Q2/2014: GBP 75.6 million).

  • The company noted that underlying organic growth in gross winning revenue in constant currency was more than 21 percent.

  • EBITDA was GBP 19.0 million (Q2/2014: GBP 15.8 million).

  • Profit from operations amounted to GBP 15.8 million (Q2/2014: GBP 12.3 million).

  • Profit before tax amounted to GBP 15.2 million (Q2/2014: GBP 12.4 million.

  • Profit after tax amounted to GBP 13.4 million (Q2/2014: GBP 11.2 million).

  • Earnings per share were GBP 0.471 (Q2/2014: GBP 0.397).

  • Number of active customers at the end of the quarter was 603,528 (Q2/2014: 610,319).

First half 2015 results were:

  • Gross winnings revenue amounting to GBP 156.6 million (HY1/2014: GBP 150.2 million).

  • If reported in SEK, gross winnings revenue for the second quarter would have amounted to SEK 1,037.6 (HY1/2014: SEK 840.1 million).

  • EBITDA was GBP 33.4 million (HY1/2014: GBP 36 million).

  • Profit from operations amounted to GBP 27.1 million (HY1/2014: GBP 27.6 million)

  • Profit before tax amounted to GBP 26.5 million (HY1/2014: GBP 27.8 million).

  • Profit after tax amounted to GBP 23.4 million (HY1/2014: GBP 25.4 million).

  • Earnings per share were GBP 0.822 (HY1/2014: GBP 0.902).

Commenting on the results Unibet CEO Henrik Tjärnström said, “In the period up to 2 August, daily average gross winnings revenue in constant currency was slightly above the daily average of the third quarter of 2014, despite lower margins compared to the exceptionally high margin in July 2014."

“Underlying activity continues to develop extremely positively, with sports betting turnover up 20% in constant currency compared to the same period in 2014, which included the final stages of the World Cup”.

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