SBC News Voice of the Sports Betting Industry
Ahead of its Q2 2016 corporate update (scheduled for 27 July), Unibet Plc has detailed to investors that company performance will be boosted by positive exchange rate fluctuations.
Updating the market, Unibet governance detailed that net foreign exchange yields made by its main operating currencies against the weakening GBP £ (see Unibet XE graph below) will prove favorable in its Q2 2016 financial update.
Issuing a short statement Unibet detailed
“The weighted average impact of GBP against Unibet Group’s main currencies was a positive impact on Gross winnings revenue of approximately 6 – 7 per cent between the second quarter of 2015 and the second quarter of 2016.”
An underlining trend in its 2015 corporate reporting, the Stockholm-listed betting operator had suffered from consecutive quarter top-line metric impacts relating to weak XE results of its main operational currencies against a strong GBP £.
Unibet Q2 Exchange Rate Chart
