Playtech posts record revenue

Gaming software and services supplier Playtech has announced that it achieved a record level of revenue during the 12 months through to December 31, 2014.

Full-year revenue totalled a record €457 million ($518.8 million), which represents an increase of 24% on the €367.2 million posted in the previous 12 months.

Adjusted earnings before interest, tax, depreciation and amortisation also jumped 30% year-on-year to a record high of €207.1 million in the last year.

Elsewhere, adjusted net profit attributable to the owners of the parent was up 29% to €190.8 million, but reported net profit attributable to the owners of the parent was down from €488.6 million in 2013 to €140.3 million in the last 12 months.

Cash balances at the end of the year amounted to €692.3 million, up from €527.4 million in the previous 12 months, while total dividend for 2014 was up slightly to €26.4 cents.

Alan Jackson, non-executive chairman of Playtech, said: “Playtech has continued to deliver exceptional performance by focusing on consolidating its position as the world’s leading software and services provider to the online gambling industry.

“By expanding its licensee relationships; creating innovative new content; enhancing its products; and deepening its customer focus, the business has continued to thrive.

“The continued momentum of 2014 has been maintained in the first two months of 2015 and the board looks to the future with confidence and optimism.”

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