Bet-At-Home Releases Trading Update

Internet betting firm Bet-At-Home has released its 9 month trading update for the period ending September 30th, noting EBITDA growth of 28.4%.

Key financial indicators for the nine months ending September 30th, 2015 were:

  • EBITDA of Euro 22.1 million, up 28.4 percent (9M/2014: Euro 17.2 million).

  • Profit before income tax (EBT) increased 28.8 percent to Euro 23.1 million (9M/2014: Euro 17.9 million).

  • Gross betting and gaming income increased 8.4 percent to Euro 87.5 million (9M/2014: Euro 80.7 million) - of which Euro 30.7 million was generated in the third quarter.

  • Cash and cash equivalents and securities and amounted to Euro 43.1 million.

  • Consolidated net finance income increased to Euro 1.6 million (9M/2014: Euro 1.2 million).

  • Betting and gaming volume totalled Euro 1,773.0 million (9M/2014: Euro 1,588.0 million), 11.6 percent up year-on-year.

  • Net gaming revenue increased to Euro 72.1 million (9M/2014: Euro 71.3 million), this result despite collective additional tax burdens of Euro 6.1 million.

  • 4.2 million registered customers as at September 30, 2015 (Q3/2014: 3.9 million).

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