32 red increases its 2014 final dividend by 40%

DividendMax Ltd.

32 red increases its 2014 final dividend by 40%

Key Financials

 

2014

2013

%

       

Net gaming revenue

     

Underlying business

£31.0m

£24.8m

+25%

Italian business

£1.1m

£0.6m

+74%

Total net gaming revenue

£32.1m

£25.4m

+26%

       

EBITDA

     

Underlying EBITDA*

£6.0m

£5.0m

+20%

Italian EBITDA

(£0.6m)

(£1.2m)

+49%

Reported EBITDA

£5.4m

£3.8m

+41%

       

Profit before taxation

£3.4m

£2.3m

+49%

       

Diluted earnings per share

4.20p

2.84p

+48%

       

Final dividend (declared today)

1.4p

1.0p

+40%

Full year ordinary dividend 

2.4p

1.8p

+33%

       

Cash balance at 31 December

£7.0m

£3.4m

108%

Key highlights:

Fifth consecutive year of double digit growth in organic revenues, accelerating in H2

Step up in marketing investment driving  top line organic growth and yielding healthy returns

Three year sponsorship of Rangers Football Club announced in April 2014 

Successful launch of new sportsbook, 32Red Sport, in June 2014

Progress in Italy and new marketing campaign launched in early 2015

Successful integration of the Go Wild UK business, acquired in September 2014

Strong start to 2015 with current trading up 35% in the first two months of the year 

Companies mentioned