Unibet Posts Huge Fourth Quarter, Full Year Financials

This story was published more than 8 years ago.

Internet betting firm Unibet plc has posted their fourth quarter and full year 2015 financial results, noting an all-time high in gross winnings during the period.

Key corporate highlights for the fourth quarter and full year 2015 were:

- New all-time high in gross winnings revenue of GBP 111.4 (78.0) million for the fourth quarter of 2015 and GBP 354.1 (312.0) million for the full year 2015.

- Underlying profit for the fourth quarter was GBP 24.6 (16.8) million and GBP 69.7 (64.5) million for the full year 2015.

- Profit before tax for the fourth quarter of 2015 amounted to GBP 21.3 (15.4) million. Profit before tax for the full year 2015 amounted to GBP 62.2 (99.0) million.

- Profit after tax for the fourth quarter of 2015 amounted to GBP 19.4 (13.5) million. Profit after tax for the full year 2015 amounted to GBP 55.7 (93.4) million.

- Earnings per share for the fourth quarter of 2015 were GBP 0.084 (0.059) and GBP 0.244 (0.414) for the full year 2015. Before the 8:1 share split this corresponded to GBP 0.676 (0.476) for the fourth quarter and 1.952 (3.311) for the full year 2015.

- During the fourth quarter of 2015 Stan James Online and iGame Group have contributed GBP 13.0 million in gross winnings revenue and GBP 2.7 million in normalised EBITDA1. If they had been part of the Group for the full year 2015 the contribution would have been GBP 46.1 million in gross winnings revenue and GBP 10.4 million in normalised EBITDA1.

- Number of active customers at the end of the quarter was 921,150 (570,360) of which 156,208 were customers of the businesses acquired in 2015.

- The Board of Directors proposes a dividend of GBP 1.88 (1.64) per share/SDR before split, GBP 0.235 (0.205) after split, which is approximately SEK 2.87 (2.68) per share/SDR after split and amounts to a proposed distribution to shareholders of GBP 54.0 (46.7) million.

Commenting on his company's performance Unibet CEO Henrik Tjärnström said, "We have delivered a market-leading revenue growth in the fourth quarter of 2015, generating a 43 per cent increase in gross winnings revenue as reported in GBP compared with the same period in 2014, 57 percent in constant currencies. The organic growth in Unibet and Maria was 26 per cent as reported in GBP (40 percent excluding the effect of changes in currency translation rates)."

"The focus on scalability across the Group has enabled us to deliver a new all-time high in underlying EBITDA for the quarter of GBP 27.1 million, up 47 per cent in GBP. Mobile was 56 per cent of gross winnings revenue compared with 51 percent in the third quarter."

"The acquisitions have also accelerated the transformation of our business and locally-regulated revenues are now 34.3 per cent of gross winnings revenue compared with 28.4 per cent in the third quarter of 2015.2 UK, the world's largest locally-regulated gambling market, is now our largest locally-regulated market."

"In the period up to 7 February 2016, average daily gross winnings revenue has increased by approximately 45 percent in GBP and approximately 47 percent in local currencies over the same period in 2015. Excluding iGame Group & Stan James Online the organic increase is more than 30 percent in constant currency."

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About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.