Significant increase in revenue and earnings for Bet-at-home
With almost 4.3 million registered customers worldwide Bet-at -home is one of the most successful players in the European market. The varied offer includes: sports betting, poker, casino, games and virtual sports.
In the first half of the year, listed online sports betting and online gaming providers continued their success. Growth dynamics have risen significantly in the second quarter.
Gross profit and gaming income (gross profit) rose by 17.5% to EUR 76.8 million compared to the same period of the previous year. The volume of betting and games amounted to EUR 1,688.6 million, an increase of 23.3% over the previous year’s reference value. Net winnings and gaming revenues increased by 15.9% to EUR 61.5 million. In the prior-year period, this amounted to EUR 53.1 million.
Compared to the previous year, EBITDA almost doubled, with a value of EUR 17.4 million in the first half year. EBIT for the first six months amounted to EUR 16.7 million, an increase of EUR 8.2 million compared to the previous year (EUR 8.5 million), an increase of 97.2%.
Management has reiterated the guidance for the current financial year and expects an increase in gross betting and gaming income to EUR 144 million. For the 2017 financial year, the Executive Board expects earnings before interest and taxes (EBITDA) of between EUR 34 million and EUR 38 million.