bet-at-home reports another set of record results

Business News

In the 2017 financial year, the AG Group once again demonstrated its efficiency and once again achieved the highest figures in the company’s history in terms of gaming volume, betting and gaming revenues and key earnings figures. In addition, the Group’s awareness of the company was consistently increased through numerous, targeted marketing campaigns. 

With a betting and gaming volume of EUR 3,174.6 million, the gross betting and gaming revenue in the 2017 financial year was EUR 145.4 million and thus 4.8% above the reference value of the previous year (FY 2016: 138.7 EUR million). Despite the EU illegal measures to exclude foreign betting and gaming providers in Poland since July 2017, the forecast for gross betting and gaming revenue for the 2017 financial year could nevertheless be exceeded.

Betting fees and gaming taxes as well as sales taxes on electronic services in the financial year 2017 are 7.2% higher at EUR 27.6 million compared to the same period of the previous year (FY 2016: EUR 25.8 million).

Accordingly, net betting and gaming revenue increased by 4.3% to EUR 117.8 million (FY 2016: EUR 112.9 million).

With sustained high investments in brand awareness, EBITDA in the 2017 financial year was EUR 35.5 million and thus again the highest in the company’s history (FY 2016: EUR 33.0 million) ). Due to the positive developments in the past financial year, EBIT also increased by EUR 2.2 million to EUR 34.1 million (FY 2016: EUR 31.9 million). After deducting taxes on income of EUR 2.8 million (FY 2016: EUR 3.1 million), consolidated net income for the 2017 financial year was EUR 32.8 million (FY 2016: EUR 31.0 million) EUR).

Due to the lack of an audience-oriented major football event in the 2017 financial year, the marketing focus of the 2017 financial year was already set in the first quarter, which included all marketing channels including a large-scale TV campaign in Germany and Austria. As a result, the total marketing costs in the 2017 financial year were as planned at EUR 42.0 million and thus 4.5% below the previous year’s level (FY 2016: EUR 44.0 million). As at 31 December 2017, the AG Group had more than 4.8 million registered customers (FY 2016: 4.6 million).

Taking into account the dividend reduction of EUR 52.6 million, which is equivalent to EUR 7.50 per share, taking into account the equity-reducing distribution- in May 2017, the consolidated equity as at 31 December 2017 totaled EUR 89.3 million (31.12.2016: EUR 109.6 million), resulting in a consolidated equity ratio of 71.7% (31.12.2016: 75, 4%).

The level of cash and short-term time deposits within the AG Group totaled EUR 101.8 million as of December 31, 2017 (December 31, 2016: EUR 90.1 million). In addition, securities held as current assets were sold in full in the course of the 2017 financial year (31/12/2016: EUR 1.7 million).