Fortuna has announced its results for the first three quarters of 2014
AMSTERDAM/Warsaw/Prague – Fortuna Entertainment Group, the leading Central European fixed-odds betting operator, has announced its unaudited consolidated results for the first three quarters of 2014.
The Group’s Amounts Staked for the first nine months of 2014 was EUR 491.6 million, a strong 21.3% yoy increase. The Amount Staked from sports betting reached EUR 480 million in the first nine months of 2014, a 21.8% improvement on the first nine months of 2013. The Amounts Staked on lottery betting in the first nine months of 2014 totalled EUR 11.6 million, a 4.4% yoy increase.
In the first nine months of 2014, the total Gross Win reached EUR 97.2 million, an increase of 16.6% compared to the first nine months of 2013.
The Gross Win from sports betting was EUR 91.9 million, a 17.8% increase yoy. Of this figure, the Gross Win from on-line betting in the first nine months of 2014 increased to EUR 48.4 million, a substantial gain of 33.9% over the same period of 2013. The Gross Win from retail betting in the first nine months of 2014 amounted to EUR 43.5 million, a modest yoy growth of 3.8%.
In the first nine months of 2014, the Gross Win from the lottery business was EUR 5.2 million, a 0.7% decline over the same period of last year.
In the first nine months of 2014, total EBITDA increased to EUR 22 million, a 21.1% growth over the same period of last year. Of this, sports betting EBITDA represented EUR 21.9 million, up 18.7% yoy and the lottery EBITDA equalled to EUR 84 thousand, compared with a loss of EUR 300 thousand in first nine months of 2013.
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