Unibet Group plc Interim report January - June 2010


Unibet Group plc

Interim report January - June 2010    


  · 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 (http://www.unibetgroupplc.com/).

For further information please contact:

Inga Lundberg, Investor Relations                             +44 788
799 6116

Henrik Tjärnström, CEO                                             +44
7515 975 629

Attachments

08102075.pdf