Unibet Group plc - Interim report January - March 2010

Wed, 05 May, 2010 07:30 CET

- Gross winnings revenue amounted to GBP 41.8 (36.1) million for the first quarter of 2010. - Profit from operations for the first quarter of 2010 amounted to GBP 10.6 (10.9) million. - Profit before tax for the first quarter of 2010 amounted to GBP 10.3 (10.7) million. - Profit after tax for the first quarter of 2010 amounted to GBP 9.5 (10.0) million. - Earnings per share were GBP 0.339 (0.357) for the first quarter of 2010. - Operating cash flow before movements in working capital amounted to GBP 13.1 (13.5) million for the first quarter 2010. - Number of active customers at the end of the quarter was 379,473 (314,977). “Continued solid growth” “During the first quarter of 2010 we have seen a continued solid growth both in terms of gross winnings revenue and active customers. Important drivers have been our live betting together with live streaming and the possibility to place bets on the Unibet Mobile platform.” “Also April has shown very good figures with the average daily gross winnings revenue for April higher than the average daily gross winnings revenue for the first quarter 2010.” “Unibet has decided to pursue the opportunity to apply for a licence under the French controlled opening of the online market. The exact terms and conditions of licences under the controlled opening are still outstanding but indicate only a marginal EBIT contribution from France for 2010. Since the financial goals for 2010 were based on the assumption of unchanged regulatory situation they are now obsolete. Given the uncertainty especially regarding France our view is that it will be challenging to outperform 2009 EBIT level.” “In addition, as a preparation for a possible opening of the US market, Unibet has acquired 25.9 per cent of the NASDAQ listed company Bingo.com through a directed rights issue/private placement of USD 2.25 million”, says Petter Nylander, CEO of Unibet. Today, Wednesday 5 May 2010, Unibet’s CEO Petter Nylander and CFO 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. For those who would like to participate in the telephone conference in connection with the presentation, the telephone number is +44 (0)20 7136 2050. Confirmation Code: 4178319 Please call in, well in advance and register. The presentation is also web cast live on www.unibetgroupplc.com.