Stockholm listed betting operator Unibet Plc ended 2015 reporting an all-time record quarter performance for Q4 2015, which saw corporate revenues reach £111 million combined with underlying profits of £24.6 million.
The operator’s strong year-end finish boosted 2015 results, as Unibet recorded FY corporate revenues of £354 million, up 13% on FY 2014’s £312 million.
Publishing its unaudited year-end statement, Unibet governance declared that 2015 profits would reach circa £69.7 million, up 8% on FY 2014’s £62.2 million.
Performance had been driven by a surge in active customers which peaked at 920,000 during the Q4 period. Unibet reported that it had managed to acquire +156,000 new customers in 2015.
During Q4 2015, Unibet was able to integrate the performance of acquired assets Stan James Online and iGame Group, which contributed a combined £13 million in corporate revenues with a further £2.7 million EBITDA earnings recorded for the period.
Ahead of this morning’s Unibet corporate update CEO Henrik Tjärnström stated that 2015 strong performance was testament to the company’s effective growth and expansion strategy.
“We have delivered a market-leading revenue growth in the fourth quarter of 2015, generating a 43 per cent increase in gross winnings revenue as reported in GBP compared with the same period in 2014, 57 per cent in constant currencies. The organic growth in Unibet and Maria was 26 per cent as reported in GBP (40 per cent excluding the effect of changes in currency translation rates).”
“The focus on scalability across the Group has enabled us to deliver a new all-time high in underlying EBITDA for the quarter of GBP 27.1 million, up 47 per cent in GBP. Mobile was 56 per cent of gross winnings revenue compared with 51 percent in the third quarter.”
“The acquisitions have also accelerated the transformation of our business and locally-regulated revenues are now 34.3 per cent of gross winnings revenue compared with 28.4 per cent in the third quarter of 2015. The UK, the world’s largest locally-regulated gambling market, is now our largest locally-regulated market.”