Internet betting firm Unibet Group plc has released their third quarter 2015 financial results, noting lower profits but results that are mainly still up from the same period last year.
Key financial indicators for the quarter ending September 30th, 2015 were:
Underlying profit before items affecting comparability for the third quarter was GBP 18.1 million (Q3/2014: GBP 18.0 million and GBP 45.1 million (9M/2014: 47.7 million) for the nine month period to September 2015.
Profit before tax for the third quarter amounted to GBP 14.4 million (Q3/2014: GBP 18.1 million). Profit before tax for the nine-month period to September 2015 amounted to GBP 40.9 million (9M/2014: GBP 83.6 million).
Profit after tax for the third quarter amounted to GBP 12.9 (16.5) million. Profit after tax for the nine month period to September 2015 was GBP 36.3 million (9M/2014: GBP 79.9 million.
Earnings per share for Q3 were GBP 0.452 (Q3/2014: GBP 0.585) and GBP 1.275 (9M/2014: GBP 2.838) for the nine month period to September 2015.
Number of active customers at the end of the quarter was 671,635 (Q3/204: 573,074) of which 28,644 were customers of the businesses acquired in the third quarter.
Commenting on his company's performance Unibet CEO Henrik Tjärnström said, "Our focus on the mobile strategy already five years ago has enabled us to be and remain at the forefront of industry developments. In the third quarter our share from the mobile grew by 47 percent compared to the third quarter last year and amounted to 51 percent of our gross winnings revenues and as such now is our single largest channel."
"During the quarter the Unibet Group completed the acquisitions of the iGame Group, which contributed GBP 0.7 million of gross winnings revenue and GBP 0.1 million of profit before tax and Stan James Online, which did not contribute as it was acquired on 30 September."
"The combination of our continuing organic growth and these strategic acquisitions give the Unibet Group a strong platform for accelerated development in future quarters. The acquisitions also bring new expertise into our teams, with opportunities for future synergies and increasing our share of revenues from locally regulated markets."