Superb Q4 sees bet-at-home upgrade 2020 earnings

DACH markets betting group bet-at-home AG has revised its full-year 2020 results after company management recorded a ‘supremely positive’ Q4 trading period.

Updating investors, the Frankfurt Xetra betting group has anticipated that its expected EBITDA range will be delivered above the €30 million mark – a significant increase on its previous range of €23-27 million.

bet-at-home has improved its full-year EBITDA results, with the firm’s gross revenue performance of €127 million falling in-line with its expected range of €120-132 million.  

During the first half of 2020, bet-at-home management warned investors that the company had absorbed significant COVID-19 impacts across DACH markets after corporate revenues slumped by 15% to €49 million.

Group management did not provide any information with regards to the firm’s improved Q4 results, stating that period highlights would be disclosed once it had published its full-year 2020 audit statement on 8 March.

Positive 2021 developments have seen bet-at-home begin to operate as one of the pre-approved, federally regulated bookmakers in Germany.

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