QUA 24 DE ABRIL DE 2019 - 03:40hs.
Revenues up 14% last year

Playtech forecasts “strategic progress” after strong 2017

Playtech has reported year-on-year growth across a number of key financials for 2017, which it said sets the company up for “strategic progress” this year. Revenue in the 12 months through to December 31, 2017, amounted to €807.1 million, up 14% on €708.6 million in the previous year.

Confirmation of the results comes after Playtech in November warned it could fall short of expectations for the year due to the impact of certain Asian markets and its contract with Sun Bingo.

Playtech chairman, Alan Jackson, said: “Playtech delivered double digit revenue growth in 2017 despite headwinds in both regulated and unregulated operations. Playtech’s performance continues to be converted into strong cash generation enabling a 10% increase to the full year dividend.”

“Playtech’s strategy to improve the quality of earnings for the group, organically and through M&A, was evident in the increase in regulated revenue to 54%. The health of the core business coupled with the strength of the balance sheet means Playtech is strategically well placed to execute on M&A that will continue to drive this growth and further diversify Playtech’s revenue base,” Jackson added

“Management is confident 2017 has delivered a strong platform for strategic progress in 2018 through execution of organic opportunities and M&A,” Playtech’s chairman concluded.

Source: GMB / iGaming Business