Internet casino game developer Playtech has announced their 2017 financial results, noting that revenues jumped 14% from last year.
Key financial indicators for the year ending December 31st, 2017 were:
- Revenues of €807.1 million, up 14% from last year
- Adjusted EBITDA of €322.1 million, up 7% from last year
- Adjusted net profit up 14% to €231.4 million
- Reported net profit up 28% to €248.1 million
- Adjusted diluted earnings per share of €0.668
Playtech's Chairman Alan Jackson spoke about the results, revealing: "Playtech delivered double digit revenue growth in 2017 despite headwinds in both regulated and unregulated operations.
"Playtech's performance continues to be converted into strong cash generation enabling a 10% increase to the full year dividend
"Playtech's strategy to improve the quality of earnings for the group, organically and through M&A, was evident in the increase in regulated revenue to 54%.
"The health of the core business coupled with the strength of the balance sheet means Playtech is strategically well placed to execute on M&A that will continue to drive this growth and further diversify Playtech's revenue base.
"Management is confident 2017 has delivered a strong platform for strategic progress in 2018 through execution of organic opportunities and M&A."