MOBILE GREAT FOR UNIBET
19 February 2010
More mobile gamblers in Q4
Mobile gambling was one of the top performers in
Unibet's latest fourth quarter results as the number of
players using this channel soared by 136 percent to 5
372 (Q3 2 281), chief executive Petter Nylander reported
“We really saw a breakthrough during
the second half of 2009 after we re-launched our iPhone
version during Q3 this year. The customers enjoyed it
and used it at numbers we can speak about. We think the
mobile channel for ourselves and the industry will
become a channel with some prominence for the future,”
said Nylander, attributing the success to the growing
market penetraion of smart phones. Unibet's mobile
service is powered by the Swedish Mobenga technology
Other achievements reported by the
company included all time highs in active customers and
sportsbook gross winnings revenue and:
Winnings Revenue amounted to GBP 42.1 (34.9) million for
the fourth quarter of 2009 and GBP 138.3 (123.4) million
for the full year 2009.
* Profit from operations
amounted to GBP 11.0 (12.8) million for the fourth
quarter of 2009 and GBP 32.8 (36.5) million for the full
* Result before tax for the fourth
quarter of 2009 amounted to GBP 8.7 (-0.3) million.
Profit before tax for full year 2009 amounted to GBP
28.9 (11.1) million.
* Result after tax for the
fourth quarter of 2009 amounted to GBP 8.4 (-0.9)
million. Profit after tax for the full year 2009
amounted to GBP 26.8 (8.8) million.
cash flow before movements in working capital amounted
to GBP 13.3 (15.3) million for the fourth quarter 2009
and GBP 42.7 (46.8) million for the full year 2009.
* Number of active customers at the end of the
quarter was 365 865 (292 168).
The Board of
Directors proposed a dividend of GBP 0.71 (0.23) per
share/SDR, which amounts to a proposed distribution to
shareholders of GBP 20.0 (6.4) million.
EBITDA fell 10 percent year-on-year to GBP 41.9 million,
from GBP 46.3 million in 2008, which the company said
showed the “investment in marketing ahead of the
sporting year coming up.”
Nylander said that the first six weeks of 2010 had seen
good growth in the business with live betting as an
important driving force.
“Another important step
for Unibet has been the decision to participate in the
global sportsbook B2B market and offer our proprietary
Sportsbook and risk management services to external
customers," said Nylander, describing the sector as a
large opportunity market.
“During the fourth
quarter we made an early redemption of the Euro bond and
expect to save between Euros 4 and 5 million in finance
costs during the facility’s duration compared to holding
the bond to maturity. This saving includes early
redemption costs of GBP 1.2 million that has been
charged to the consolidated income statement in the
fourth quarter of 2009,” Nylander revealed.
company hopes to prosper from the opening of the French
market during 2010, given its strong positioning and the
comparatively underdeveloped nature of the remote gaming
portion of the overall gambling market, which Nylander
felt currently represented around 5 percent of the
overall action when compared to Scandinavia and the UK,
“...where we think the online side of the overall
gambling market is maybe 25 to 30 percent.”
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