skip to content

Interim Results

bwin.party revenues fall

28 August 2015 09:24

bwin.party digital entertainment's total revenues fell to £296.5m in the six months to the end of June - down from £317.1m.

bwin.party said this reflected the absence of the FIFA World Cup, lower margins in sports, market declines in poker and the impact of EU VAT in certain markets; nationally regulated and/or taxed markets represented 60% of total revenue (2014: 56%).

Gross gaming revenue through mobile/touch grew by 50% and now represents 30% of overall GGR (2014: 19%) with growth across all verticals.

Clean earnings before interest, tax, depreciation and amortisation rose by 2% to £47.3m (2014: £46.4m) despite being impacted by lower revenue and higher taxes. Excluding the impact of EU VAT and the POCT, clean EBITDA would have increased by 24% to £57.7m (2014: £46.4m).

Chief executive Norbert Teufelberger said: "Based upon our progress in the year-to-date and with the further roll-out of our latest mobile products, the introduction of new CRM tools and planned entry into two new nationally regulated markets later this year, we remain confident about the full year outlook."

At 9:24am: (LON:BPTY) bwin.party digital entertainment PLC share price was +0.45p at 114.15p

Story provided by StockMarketWire.com

Related Company: BPTY

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.