Playtech delivers strong full year

Online gaming software firm Playtech delivered a strong set of full year results and said it is confident of its prospects in 2013 and beyond.

Online gaming software firm Playtech delivered a strong set of full year results and said it is confident of its prospects in 2013 and beyond.

Adjusted EBITDA jumped 49% to €186.7m for the year ended December 31st 2012 while adjusted net profit also rose 49% to €168.5m.

Subscribe to MoneyWeek

Become a smarter, better informed investor with MoneyWeek.

Gross income rose 51% to €368.1m and total revenues increased 53% to €317.5m.

Playtech said it had made a strong start to 2013, with average daily revenues for the first 11 weeks of 2013 up over 15% on the first quarter of 2012 and up 5% on the final quarter of 2012.

Advertisement - Article continues below

Chairman Roger Withers said: "The company delivered another impressive financial performance and passed a number of significant corporate and operational milestones."

"Playtech continues to capitalise on its clear strategy and strong balance sheet."

The group had recommended a final dividend of 15.4 € cents per share, giving a total 2012 dividend of 23.2 € cents per share, up 41% from the previous period.




Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020
Share tips

Class acts going cheap: buy into Europe’s best bargains

Value investing appears to be making a comeback, while shares on this side of the Atlantic are more appealing on metrics such as price/earnings ratios…
16 Jan 2020

Most Popular

Global Economy

Helicopter money is coming very soon – but what form will it take?

We’re heading for a”new normal”, says John Stepek – fiscal stimulus, and lots of it. Here’s what that really means.
16 Mar 2020

The helicopters are being warmed up – we might be closer to a bottom than you think

Governments are starting to act to bolster their economies against coronavirus. But, asks John Stepek, will throwing money at the problem slow the mar…
17 Mar 2020
Investment trusts

Now could be a good time to bag an investment bargain

We like investment trusts here at MoneyWeek. And they can be even better during a market crash.
16 Mar 2020

Is 2020 the year for European small-cap stocks?

SPONSORED CONTENT - Ollie Beckett, manager of the TR European Growth Trust, on why he believes European small-cap stocks are performing well.
12 Feb 2019