Unibet enjoys full-year revenue growth

Earnings before interest, tax, depreciation and amortisation also increased from us$ 86.1 million in the previous year to us$ 104 million in 2014. In addition, profit after tax for the full year increased from us$ 51.8 million in 2012 to us$ 65.7 million in 2014.

Unibet’s full-year figures were also boosted by the firm’s impressive performance in the fourth quarter of 2013. The firm posted revenue of us$ 106.9 million for the period, up from us$ 93.3 in the corresponding quarter in 2012. EBITDA also increased to us$ 33.1 million in the fourth quarter, while profit after tax finished at us$ 24.1 million for the period.

Henrik Tjärnström, CEO of Unibet, said: “Gross winnings revenue for the fourth quarter increased 15% compared to the same period in 2012. “Re-regulated gross winnings revenue increased to 29% of total gross winnings revenue reflecting the strategy initiated three years ago to transform our business.

“Continued focus on efficiency meant that EBITDA increased by 20% while profit after tax and earnings per share both increased by 25%. These increases were achieved after taking account of a 50% year-on-year increase in betting duties and Unibet’s focus on re-regulated markets demonstrates that it is possible to drive efficiency and increased profitability while reducing overall corporate risk,” he concluded.