bet-at-home.com increases operating results
Bet-at-home.com AG has increased gross betting and gaming income by 14.0% to EUR 138.7 million – Earnings before taxes increased by 3.5% to EUR 34.1 million – Cash and cash equivalents and marketable securities of EUR 91.8 million EUR
Düsseldorf, March 6, 2017. In the 2016 financial year, the bet-at-home.com AG Group once again demonstrated its efficiency and achieved the highest values in the company’s history of gambling, betting and gaming revenues as well as earnings ratios. In addition, the Group’s brand awareness has been consistently increased through numerous, targeted marketing campaigns.
Strong earnings performance with increased investment in the brand name: bet-at-home.com AG Group recorded a further substantial increase in gross betting and gaming income in the 2016 financial year, surpassing the previous year’s result once again. The most important investments during the reporting period are the marketing campaigns to be highlighted during the European Football Championship in France, which will contribute to the sustainable development of the bet-at-home.com brand.
As a result of increased investment in brand name, EBITDA of EUR 33.0 million was achieved in the 2016 financial year, which exceeded the previous year’s figure by EUR 1.3 million (FY 2015: EUR 31.7 million).
EBIT also rose by EUR 1.1 million to EUR 31.9 million as a result of the positive developments in the past financial year (FY 2015: EUR 30.8 million).
Due to the assessment of the high level of cash and cash equivalents as well as the granting of short-term loans at the usual terms and conditions to the majority owner of bet-at-home.com AG, a consolidated financial result of EUR 2.2 million was achieved again in financial year 2016 (FY 2015: EUR 2.2 million). Accordingly, earnings before taxes (EBT) after four quarters are EUR 34.1 million (FY 2015: EUR 32.9 million).
After deduction of taxes on income and income of EUR 3.1 million (FY 2015: EUR 2.3 million), the consolidated result for the financial year 2016 is EUR 31.0 million (FY 2015: EUR 30.7 million) EUR).