Unibet Group plc Interim report January - March 2007

Wed, 09 May, 2007 07:30 CET

• Gross Winnings Revenue amounted to GBP 22.3 (17.4) million for the first quarter of 2007.
• EBITDA increased to GBP 10.0 (8.3) million during the first quarter of 2007.
• Profit before tax for the first quarter of 2007 amounted to GBP 8.8 (8.0) million.
• Profit after tax for the first quarter of 2007 increased to GBP 8.3 (5.6) million.
• Earnings per share were GBP 0.293 (0.199) for the first quarter of 2007.
• Number of active customers at the end of the quarter was 239,929 (190,610).
• Continued strong cash flow from operating activities in the first quarter 2007 of GBP 7.8 (8.3) million.

“Unibet’s performance in the first quarter demonstrates the strength of our well-balanced geographic and product portfolio, delivering record results. As we continue to expand our business in international markets, the level of dependence on individual territories or products reduces. While competition in the Swedish poker market remains tough following the Swedish monopoly’s introduction of online poker during 2006, this was more than offset by strong performance elsewhere in the business.”

“Unibet’s ambition is to demonstrate leadership in the area of responsible gambling. This is one of Unibet’s strategic cornerstones, earning us a competitive advantage in relation to the European gambling monopolies.”

“The legal environment in Europe continues to support protection for legitimate private operators, registered and licensed in the EU, against the attempts of certain national governments to discriminate in favour of state-owned monopolies. In March 2007, the ECJ verdict in the Placanica ruling was a milestone, confirming that criminal proceedings against private and EU regulated operators represent a breach of EU law and market principles. At the same time the European Commission has during the spring of 2007 expanded the scope of its existing actions against certain Member States that seek to restrict free access to sports betting services,” comments Petter Nylander, CEO Unibet.