Bet-at-home Report Strong First Quarter

Despite new tax burdens

Betclic Everest SAS Group's Bet-At-Home business continued its robust 2014 performance with the report of a strong first quarter 2015 despite being beset by additional tax burdens.
Key performance highlights for the three-month period ending March 31, 2015 include:
– Earnings before taxes up 19.1 percent to Euro 9.8 million
– An increase in gross betting and gaming revenue of 13.1 percent to Euro 28.4 million
– EBITDA increased to Euro 9.6 million (Q1/2014: Euro 8.0 million).
– EBIT amounted to Euro 9.3 million (Q1/2014: Euro 7.8 million).
– Gross betting and gaming revenue was Euro 28.4 million, up 13.1 percent (Q1/2014: Euro 25.2 million).
– Betting and gaming volume totalled Euro 587.5 million (Q1/2014: Euro 495.2 million), up 18.6 percent.
– Net gaming revenue amounted to Euro 23.4 million (Q1/2014: Euro 21.9 million).
– Gross Gaming revenue increased 13 percent despite a significant cut in marketing expenses.
– 4.1 million registered customers (Q1/2014: 3.7 million).
The company said new VAT regulations on electronic service providers within the European Union have had a Euro 1.6 million impact on earnings.
The Board of Directors confidently anticipates an EBITDA of over Euro 20 million for the full 2015 financial year.

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