Financial highlights
Gross income up by 10% to €194.9 million (H1 2012: €176.5 million)
Total revenues up by 15% to €176.8 million (H1 2012: €153.8 million)
Adjusted EBITDA up 3% to €94.3million (H1 2012: €91.2 million)
Underlying adjusted EBITDA up 13% to €78.9 million (H1 2012: €69.8 million)
Adjusted net profit up 0.5% to €84.9 million (H1 2012: €84.5 million)
Underlying adjusted net profit up 11% to €69.7 million (H1 2012: €62.8 million)
Underlying adjusted EPS up 10% to 23.9 € cents (H1 2012: 21.7 € cents)
Interim dividend of 7.8 € cents per share, maintaining the same per share level as last year. Commitment to maintain final per share dividend at least at last year's level
Cash balances at 30 June 2013 of €576.2 million (H1 2012: €139.3 million)
Operational highlights
Playtech signed landmark agreements with Ladbrokes to provide a full product suite and innovative marketing services from 1 May 2013 and launched the Vegas tab in July
Bolt-on acquisition of PokerStrategy.com, complements Playtech's poker offering and PTTS marketing division
Betfair's migration onto the iPoker network successfully completed in June and launched Playtech bingo
A number of important mobile launches, including:
o Betfred launched mobile casino and mobile live casino, marking the first steps towards a full mobile offering planned to launch in 2014
o Sky launched a mobile bingo app on Apple iOS
o Bet365 launched mobile live
Further significant progress with live gaming offering, including
o Launch of live gaming in Spain in partnership with Casino Gran Madrid
o Paddy Power migrated its live Casino to Playtech in April with a dedicated facility
Playtech also completed a number of other important operational initiatives in the period:
Further penetration into regulated markets including France, Mexico and Spain
Geneity's sports platform is gaining significant traction and signed a number of new licensees
Playtech won EGR awards for best bingo network of the year, best bingo supplier of the year, best poker network of the year and best slot provider of the year
Playtech won Best iGaming Software Provider Award at the International Gaming Awards - for the third year in row
Current trading and outlook
Daily average revenues for the first 60 days of Q3/12 are up over 10% versus the comparable period and down approximately 1% from Q2/13 in line with the traditionally slowest part of the year.
Management is highly confident of achieving market expectations for the full year.
Roger Withers, Non-executive Chairman, said:
"Once again Playtech's tenacity and drive have been demonstrated in these results as it has focused on deepening its licensee relationships; creating innovative new content; and providing its customers with cutting edge products and services. As online gaming continues to focus on mobile, it is pleasing to see our investment in this increasingly important market paying-off across many product areas. I am pleased to announce an interim dividend of 7.8 € cents. The Company continues to capitalise on its customer-focused strategy and strong balance sheet: Playtech remains the world's leading supplier of technology and services for the online gaming industry and can look to the future with confidence and optimism."
