- Gross Winnings Revenue amounted to GBP 39.2 (30.0) million for the second quarter of 2010 and GBP 81.0 (66.2) million for the first half year 2010.
- Profit from operations for the second quarter of 2010 amounted to GBP 8.4 (1.9) million. Profit from operations for the first half year 2010 amounted to GBP 19.0 (12.8) million.
- Profit before tax for the second quarter of 2010 amounted to GBP 10.0 (5.9) million. Profit before tax for the first half year 2010 amounted to GBP 20.3 (16.6) million.
- Profit after tax for the second quarter of 2010 amounted to GBP 9.1 (5.4) million. Profit after tax for the first half year 2010 amounted to GBP 18.6 (15.3) million.
- Earnings per share for the second quarter of 2010 were GBP 0.324 (0.192) and GBP 0.664 (0.548) for the first half year 2010.
- Operating cash flow before movements in working capital amounted to GBP 10.9 (4.6) million for the second quarter 2010 and GBP 24.0 (18.1) for the first half year 2010.
- Number of active customers for the quarter was 402,091 (309,099).
“Strong operational results”
“The expertise of the Unibet Sportsbook, especially during the World Cup, combined with a year on year increase in active customers of 30 per cent, contributed to strong operational results for the second quarter of 2010. Casino and games performance was also robust, whilst poker and bingo continued to face competitive pressures.”
“During the second quarter, Unibet closed its Maltese site to residents of France. Unibet has applied for a French licence but considers that, under the restrictive terms of the licence, it will be hard for any operator to make a reasonable return. Unibet is therefore continuing to develop partnerships to leverage both its brand assets and reputation, as well as its expertise in Sportsbook, into the French market.”
“Despite the impact of the French market, Unibet’s gross win for July 2010 was higher than the same month in 2009. We still remain cautious, however, about the outlook for the rest of 2010, as communicated in our first quarter report.”
“Re-regulation of the gaming industry and consolidation among competitors creates significant opportunities and threats. In the short term, Unibet continues to focus its marketing and operational resources on the existing and the re-regulating markets which provide realistic prospects for profitable growth.”
“Over the coming months I will work with my executive team and the Board to refine our strategy in our different consumer markets and in the B2B market, in order to develop a new long term operational strategy for the business”, says Henrik Tjärnström, CEO of Unibet.
Today, Wednesday 11 August 2010, Unibet’s CEO 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 +44 (0)20 7806 1967 Confirmation Code: 5403382.
Please call in, well in advance and register.
The presentation is also web cast live on www.unibetgroupplc.com.
For further information please contact:
Inga Lundberg, Investor Relations +44 788 799 6116
Henrik Tjärnström, CEO +44 7515 975 629
Unibet was founded in 1997 and is an online gambling company listed on NASDAQ OMX Nordic Exchange in Stockholm. Unibet is one of the largest privately-owned gambling operators in the European market and provides services in 27 languages through www.unibet.com. Today, Unibet has more than 4.7 million customers in over 100 countries. Unibet is a member of the EGBA, European Gaming and Betting Association, RGA, Remote Gambling Association in the UK and is audited and certified by eCOGRA in relation to responsible and fair gaming.
In December 2007, Unibet acquired Maria Holdings (www.maria.com), the largest online bingo operator in the Nordic market, and in April 2008 acquired Scandinavia’s largest trotting community, Travnet.
More information about Unibet Group plc can be found on www.unibetgroupplc.com