Unibet See Q3 Growth – As Mobile Drives Revenues

European igaming operator Unibet published its 2013 Q3 interim performance report. The igaming operator published that net profit had tripled to £8.2m as Unibets Gross winnings increased 28.1% for the period to £56.1m.

Unibet witnessed growth on all gaming platforms except poker. Mobile witnessed the highest product growth as its revenues represented 23 per cent of gross winnings revenue for the third quarter 2013 compared to 8 per cent for the same period last year.

“Unibet delivered 28 per cent year on year growth in gross winnings revenue in the third quarter (22 per cent excluding the impact of exchange rate changes). This was achieved despite the excellent summer weather in many of our key markets and high numbers of favorites winning. The growth was wholly organic and demonstrates continued increases in market share.”

“It is also satisfying to report that underlying EBITDA for the third quarter increased in line with the growth in revenues, demonstrating improved scalability despite the significant investments Unibet has made in information mining, local regulation and in Kambi.”

Today, Tuesday 5 November 2013, Unibet’s CEO Henrik Tjärnström will host a presentation in English at FinancialHearings, Operaterrassen in Stockholm at 9.00 CET.

Please go to www.financialhearings.com to sign in.

Breakdown of Unibet Performance Q3 2013

• · Gross winnings revenue amounted to GBP 56.1 (43.8) million for the third quarter of 2013 and GBP 169.5 (140.3) million for the period January to September 2013.
• · Profit from operations for the third quarter 2013 amounted to GBP 9.2 (4.5) million and GBP 29.0 (22.6) million for the period January to September 2013.
• · Profit before tax for the third quarter of 2013 amounted to GBP 9.2 (4.0) million and GBP 27.9 (22.1) million for the period January to September 2013.
• · Profit after tax for the third quarter of 2013 amounted to GBP 8.2 (3.4) million and GBP 25.4 (19.8) million for the period January to September 2013.
• · Earnings per share for the third quarter of 2013 were GBP 0.292 (0.120) and GBP 0.908 (0.710) for the period January to September 2013.
• · Operating cash flow before movements in working capital amounted to GBP 14.2 (8.7) million for the third quarter 2013 and GBP 43.4 (34.2) million for the period January to September 2013.
• · Number of active customers at the end of the quarter was 453,753 (382,378).
• “28 per cent organic growth”