Playtech to Grow Even More after Prolific 2017
Playtech has released the statistics of year-to-year growth concerning financials for 2017. The numbers are more than optimistic, and the company is set for “strategic progress” in 2018.
The company’s revenue in the 12 months preceding January 2018 came to an incredible €807.1, which is up 14% on €708.6m in the year before. Another improvement is seen through the numbers concerning adjusted earnings before interest, tax, depreciation and amortisation, which amounted to €322.1m. That is a growth of 7% on 2017. In other places, adjusted net profit grew by 14% year-on-year to €231.4m, and reported net profit also increased to 248.1m.
Furthermore, adjusted diluted earnings per share for the year in question measured to 66.8. euro cents, which is up 14% on the previous year, and the total dividend per share increased 10% to 36 euro cents.
What Playtech Has to Say
Playtech chairman Alan Jackson has declared that Playtech delivered “double-digit revenue growth in 2017 despite headwinds in both regulated and unregulated operations.” He has added that Playtech’s performance carries on to be converted into potent cash generation allowing a 10% increase to the full year dividend.
What Jackson has also revealed is that Playtech’s strategy to improve the quality of earnings for the group, both organically and through M&A is obvious in the rise in regulated revenue to 54%.
The proof of Playtech’s stability and a great strategy is the health of the core business side by side with the strength of the balance sheet. Playtech will only go on to grow and further diversify its revenue base.
Playtech’s management is positive that 2017 delivered a strong basis for strategic progress for the future, and that in 2018 the company will benefit from executing organic opportunities and M&A.
In Other News
Playtech has also agreed a long-term casino deal with Olympic Entertainment Group (OEG).
Under this agreement, Playtech’s task is to supply its Neon casino management system to OEG’s global land-based casino operations.
This way, over 100 casinos in five countries will be connected, and along with them around 3,500 electronic gaming machines and over 150 gaming tables.
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