Bet-at-home Lauds Nine Month Results
By Casinomeister, Last updated Nov 13, 2015
Driven by a strong third quarter despite substantial additional tax burdens
Online betting and gaming operator Bet-At-Home reported strong EBITDA growth for the nine month period ending September 30, 2015 despite an increase in tax obligations of Euro 6.1 million.
Key performance indicators for the nine month period include:
-EBITDA of Euro 22.1 million, up 28.4 percent (9M/2014: Euro 17.2 million).
-Profit before income tax (EBT) increased 28.8 percent to Euro 23.1 million (9M/2014: Euro 17.9 million).
-Gross betting and gaming income increased 8.4 percent to Euro 87.5 million (9M/2014: Euro 80.7 million) – of which Euro 30.7 million was generated in the third quarter.
-Cash and cash equivalents and securities and amounted to Euro 43.1 million.
-Consolidated net finance income increased to Euro 1.6 million (9M/2014: Euro 1.2 million).
-Betting and gaming volume totalled Euro 1,773.0 million (9M/2014: Euro 1,588.0 million), 11.6 percent up year-on-year.
-Net gaming revenue increased to Euro 72.1 million (9M/2014: Euro 71.3 million), this result despite collective additional tax burdens of Euro 6.1 million.
-4.2 million registered customers as at September 30, 2015 (Q3/2014: 3.9 million).
Bet-At-Home's management board, based on the current situation, forecast an EBITDA in excess of Euro 25 million for the full year 2015.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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