Unibet Group plc - Interim report January

Unibet Group plc - Interim report January - March 2011  

 

 

4   Gross winnings revenue amounted to GBP 37.5 (41.8) million for the
first quarter of 2011.

4   Profit from operations for the first quarter of 2011 amounted to GBP
11.2 (10.6) million.

4   Profit before tax for the first quarter of 2011 amounted to GBP 10.8
(10.3) million.

4   Profit after tax for the first quarter of 2011 amounted to GBP 10.0
(9.5) million.  

4   Earnings per share were GBP 0.355 (0.339) for the first quarter of
2011.

4   Operating cash flow before movements in working capital amounted to
GBP 13.2 (13.1) million for the first quarter 2011.

4   Number of active customers at the end of the quarter was 328,054
(379,473).

 

“Another strong quarter”

“I am pleased to announce that the first quarter of 2011 was another
strong quarter for Unibet were we have continued to perform well across
all our major markets fully in line with our strategy.”

“In the Nordics the growth year on year was 24 per cent which shows that
we are gaining strong market share. The rest of the business has also
grown well especially considering that France represented 23 per cent of
the gross winnings revenue last year. Excluding France, gross winnings
revenue has grown by 16 per cent during the first quarter 2011 compared
with a strong first quarter 2010.” 

“The revised strategy for the next three years developed over the last
months is being successfully implemented. This strong performance in the
Nordics is a concrete example of the renewed focus on core markets,
better marketing differentiation and improved operational efficiency all
of which are key components of our revised strategy. Our strategy is
focused on delivering sustainable and profitable growth even as Europe's
markets develop and re-regulate.”    

“Sports margins in April were in line with more normal long-term trends,
while casino, games and bingo have continued the strong performance from
the first quarter. It is too early to tell how much the European poker
market will be affected by the recent developments in the USA.”

“I expect consolidation within our industry to develop further, and we
continue to evaluate opportunities that enhance shareholder value.
Options for controlled growth in new regions are also constantly under
review, with Unibet focusing on regions with high potential for
long-term profitability. The cash reserve being built up combined with
the Group's strong profitability and cash flow gives us flexibility to
consider strategic opportunities including acquisitions. The cash
reserve may be distributed to the shareholders should these
opportunities not materialise in due course. That could be either as a
share buy back programme, through a share redemption programme or as a
cash dividend”, says Henrik Tjärnström, CEO of Unibet.

 

  

Today, Wednesday 11 May 2011, 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 is +44 (0)20 7806
1967 Confirmation Code: 2826542

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
Unibet Group plc - Interim report January - March 2011

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