Perform results posts strong results for 2012

Perform Group, which distributes sports content across connected digital platforms, increased its revenue by half in the full year ended December 31st, lifted by increased subscriber numbers and an improved sell through rate on its ePlayer service.

Perform Group, which distributes sports content across connected digital platforms, increased its revenue by half in the full year ended December 31st, lifted by increased subscriber numbers and an improved sell through rate on its ePlayer service.

Revenue rose 47% from £103.2m to £151.6m year-on-year, while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) doubled to £37.5m (2011: £18.5m).

Profit after tax leapt to £13.5m from £3.7m the previous year, while adjusted basic earnings per share climbed from 6.3p to 11.2p.

The group was a 36% rise in subscribers to 510,000 (2011: 375,000) with the launch of new mobile services for Goal and Mackolik, as well as strong subscriber growth on third party services.

The sell through rate on its ePlayer service climbed 45% in the fourth quarter, compared to 35% in the same period in 2011.

Oliver Slipper, joint Chief Executive Officer of Perform Group said: "We are pleased to once again be reporting strong operational and financial performance. We have delivered these strong results at the same time as continuing to invest in the business to drive long-term sustainable growth.

"2012 was a breakthrough year for sport with London 2012 and Euro 2012 both achieving incredible digital engagement and illustrating the growing importance of the web, smartphones, tablets and social media for users worldwide to consume sports content. This transition of media consumption habits by sports fans globally plays to all the group's core strengths.

"We enter 2013 with increasing momentum driven by our operational performance and the structural drivers in our core growth sectors. We have significant visibility over full year revenues, with in excess of £130m already contracted, and remain confident that we will deliver full year revenue and EBITDA in line with the board's expectations.

"Looking further ahead the group is in a tremendous position to capitalise on the many exciting opportunities we see across all the markets it operates in."

The share price rose 0.43% to 416.80p by 10:00 Tuesday.

NR

Recommended

Best junior stocks and shares ISA platforms
Isas

Best junior stocks and shares ISA platforms

A junior stocks and shares ISA is a great way to save for your child tax-efficiently. But it can be confusing deciding which investment platform to ch…
25 Nov 2022
Share tips of the week – 25 November
Share tips

Share tips of the week – 25 November

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
25 Nov 2022
Investing in a recession: 5 moves investors should make now
Investment strategy

Investing in a recession: 5 moves investors should make now

As we enter a recession, here’s what investors should do with their portfolios.
23 Nov 2022
It’s time to focus on Fuller’s
Share tips

It’s time to focus on Fuller’s

The pub sector has had a torrid two years, but this group is resilient and poised to prosper. We take a closer look at Fuller’s.
21 Nov 2022

Most Popular

Fan heater vs oil heater – which is cheaper?
Personal finance

Fan heater vs oil heater – which is cheaper?

Sales of portable heaters have soared, as households look to cut their energy costs. But which is better: a fan heater or an oil heater? We put them t…
21 Nov 2022
Wood-burning stove vs central heating ‒ which is cheapest?
Personal finance

Wood-burning stove vs central heating ‒ which is cheapest?

Demand for wood-burning stoves has surged as households try to reduce their heating costs this winter. But how does a wood burner compare with central…
29 Nov 2022
Best regular savings accounts – November 2022
Savings

Best regular savings accounts – November 2022

You can earn an attractive rate on the best regular savings accounts. We tell you the best on the market to take advantage of right now
29 Nov 2022