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Annual Report & Accounts 2012 - REPORT OF THE CHIEF EXECUTIVE
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ANNUAL REPORT 2012 GVC H o l d i n g s The main operational aims of the Group in 2012 were to: bull; build revenues and profits from B2B operations; bull; achieve a step-change in Latin American revenue growth; bull; stabilise profits from CasinoClub; and bull; position GVC as an acquirer of businesses within the sector. I am pleased to say that the Group met all of these objectives. In its first full year of operation, the B2B division produced a Clean EBITDA (being EBITDA before share option charges and exceptional items) of €7.3 million, Betboo's revenues increased 17% to €10.3 million and the Clean EBITDA from CasinoClub remained level at €9.6 million on an increased contribution of €16.3 million (2011: €15.5 million). 2012 2011 €million €million PFR - B2B 65.8 10.1 - CasinoClub 28.1 29.4 - Betboo 10.3 8.8 104.2 48.3 NGR - B2B 21.2 6.1 - CasinoClub 28.1 29.4 - Betboo 10.3 8.8 59.6 44.3 Clean EBITDA - B2B 7.3 0.2 - CasinoClub 9.6 9.7 - Betboo (1.4) (1.5) 15.5 8.4 Revenues in the markets in which the Group operates are cyclical and Sportsbook customers are most active around the football season. Sports margin, being the amount retained after paying sports winnings, is also a key metric in the performance of Sports betting operators. The average PFR per day, along with the sports margin percentage and the aggregate NGR per quarter is shown on the following page. 6 REPORT OF THE CHIEF EXECUTIVE