Financial highlights
Revenue up by 16% to €367.2 million (2012: €317.5 million)
Adjusted EBITDA excluding share of profit from William Hill Online, up by 17% to €159.4 million (2012: €136.2 million)
Adjusted net profit excluding share of profit from William Hill Online, up by 26% to €148.3 million (2012: €117.8 million), reported net profit including the gain on the sale of investment in William Hill Online of €488. 8 million
Adjusted basic EPS excluding share of profit from William Hill Online, up by 25% to 50.7 € cents per share (2012: 40.7 € cents per share)
Cash balances at year end of €527.4 million (2012: €120.9 million)
Record total 2013 dividend of approximately €188.5 million (64.3 € cents per share) reflecting a special dividend of £100.0 million to be paid in sterling (equivalent to approximately 34.1 pence per share), interim dividend of €22.8 million (7.8 € cents per share) and a recommended final dividend of €45.2 million (15.4 € cents per share)
Trading update
Playtech has made a strong start to 2014, with daily average revenues for the first seven weeks of 2014 up over 15% on Q1 2013 (up over 8% after excluding the acquisition of PokerStrategy) and over 4% on Q4 2013.
Operational highlights
Successful sale of Playtech's 29% stake in William Hill Online for approximately £424 million (€497 million)
Playtech signed landmark agreements with Ladbrokes to provide a full product suite and innovative marketing services
o Ladbrokes launched the Vegas tab, Mobenga, and Geneity sports system and poker in Spain in the second half of 2013, and launched live casino in January 2014
Acquisition PokerStrategy.com, complementing Playtech's poker offering and PTTS marketing services division
A number of significant launches including:
o Mobile live casino on HTML5 with a number of licensees
o First launch of HTML5 mobile poker, mobile poker native iOS application approved by the French App store
o Five sports betting companies now launched on Geneity platform, which is gaining strong momentum
o Unibet launched poker in France
o Caliente launched poker and casino in Mexico
o Live casino in Spain being delivered in partnership with Casino Gran Madrid
Paddy Power migrated its live casino to Playtech including a dedicated facility
Betfair completed its migration onto the iPoker network, launched poker in Denmark and Italy making the Italian network a nine operator network
Industry-first roll-out of a unique, multi-channel offering through a seamless integrated retail and online solution
Soft launch of social gaming platform, Wild Spin Casino, on Facebook
Won competitive tender to supply casino, poker, bingo on both web and mobile with Holland Casino in preparation of forthcoming regulations in the Netherlands
Alan Jackson, Non-executive Chairman of Playtech, said:
"Playtech has once again delivered an exceptional performance. The Company has focused on deepening its licensee relationships; creating innovative new content; improving its products across web and mobile, and providing its customers with cutting edge products and services. As online gambling continues to develop, it is pleasing to see Playtech's investment in mobile and further product development paying-off.
"I am delighted to announce the payment of a substantial special dividend totalling £100 million in addition to the recommended 15.4 € cents final dividend, bringing the total dividend for 2013 to over €188 million.
"Playtech has further strengthened its position as the world's leading supplier of technology and services for the online gambling industry and the Board looks to the future with confidence and optimism."
