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Unibet Group Plc Interim Report
/2007-11-05/
SOURCE: Business Wire
(Stockholm, Sweden) — Unibet Group plc (STO:UNIB):
Gross Winnings Revenue amounted to GBP 20.2 (19.3) million for the third quarter of 2007 and GBP 59.0 (55.1) million for the period January to September 2007.
Profit before tax for the third quarter of 2007 amounted to GBP 6.9 (7.5) million. Profit before tax for the period January to September 2007 amounted to GBP 17.4 (21.1) million.
Profit after tax for the third quarter of 2007 amounted to GBP 6.5 (5.3) million. Profit after tax for the period January to September 2007 amounted to GBP 16.4 (14.8) million.
Earnings per share were GBP 0.229 (0.186) for the third quarter of 2007 and GBP 0.579 (0.525) for the period January to September 2007.
Number of active customers at the end of the quarter was 257,312 (214,042).
Cash flow from operating activities in third quarter of 2007 amounted to GBP 0.2 (-5.1) million and GBP 13.1 (10.1) million for the period January to September 2007.
”Strong growth in the active customer base”
"This quarter shows that Unibet is on the right track. While competition continues, in especially the Scandinavian poker markets, we have seen improvements this quarter where the non-sports betting offering delivers an 11 percent yoy growth in gross winnings," says Ragnar Hellenius, acting CEO of Unibet.
"Furthermore, our business model and strong Unibet brand has proven its equity through the significant increase in number of active customers with 20 percent yoy growth this quarter – now being at record levels."
"The sports book gross winnings returned to a normal range during third quarter and grew significantly compared to the previous quarter."
"Operating expenditures excluding marketing have stabilized during the quarter and the productivity improvement will continue. Marketing expenditures have increased partly as new TV formats have been developed (e.g., Pokeritähti for Finland)."
"The legal climate seems to be under change with France meeting the European Commission early November with regards to their reasoned opinion and the recent voting at the Swedish Conservatives Convention for de-monopolisation and re-regulation of the Swedish gambling market."
"We believe that Unibet will gain from these potential changes going forward. On the back-drop of the recent events, I take for granted that our CEO will be released by the French authorities and be back to work end of this week."
"We have received significant support and assurance from among others French authorities that the whole situation will be solved."
(Stockholm, Sweden) — Unibet Group plc (STO:UNIB):
Gross Winnings Revenue amounted to GBP 20.2 (19.3) million for the third quarter of 2007 and GBP 59.0 (55.1) million for the period January to September 2007.
Profit before tax for the third quarter of 2007 amounted to GBP 6.9 (7.5) million. Profit before tax for the period January to September 2007 amounted to GBP 17.4 (21.1) million.
Profit after tax for the third quarter of 2007 amounted to GBP 6.5 (5.3) million. Profit after tax for the period January to September 2007 amounted to GBP 16.4 (14.8) million.
Earnings per share were GBP 0.229 (0.186) for the third quarter of 2007 and GBP 0.579 (0.525) for the period January to September 2007.
Number of active customers at the end of the quarter was 257,312 (214,042).
Cash flow from operating activities in third quarter of 2007 amounted to GBP 0.2 (-5.1) million and GBP 13.1 (10.1) million for the period January to September 2007.
”Strong growth in the active customer base”
"This quarter shows that Unibet is on the right track. While competition continues, in especially the Scandinavian poker markets, we have seen improvements this quarter where the non-sports betting offering delivers an 11 percent yoy growth in gross winnings," says Ragnar Hellenius, acting CEO of Unibet.
"Furthermore, our business model and strong Unibet brand has proven its equity through the significant increase in number of active customers with 20 percent yoy growth this quarter – now being at record levels."
"The sports book gross winnings returned to a normal range during third quarter and grew significantly compared to the previous quarter."
"Operating expenditures excluding marketing have stabilized during the quarter and the productivity improvement will continue. Marketing expenditures have increased partly as new TV formats have been developed (e.g., Pokeritähti for Finland)."
"The legal climate seems to be under change with France meeting the European Commission early November with regards to their reasoned opinion and the recent voting at the Swedish Conservatives Convention for de-monopolisation and re-regulation of the Swedish gambling market."
"We believe that Unibet will gain from these potential changes going forward. On the back-drop of the recent events, I take for granted that our CEO will be released by the French authorities and be back to work end of this week."
"We have received significant support and assurance from among others French authorities that the whole situation will be solved."
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