bet-at-home posts revenue, profit growth in 2017

bet-at-home has reported year-on-year growth across revenue and profit for the 12 months to December 31, 2017.

Gross revenue came in at €145m ($178.9m), which represents an increase of 5% on €136m in the previous year.

Consolidated profit for the full year amounted to €32.8m, up from €31m in 2016, while earnings before interest, tax, depreciation and amortisation (EBITDA) improved from €33m to €35m.

bet-at-home noted that the positive financial results came despite the lack of a major national football team tournament in the period.

Looking ahead to the current year, which includes a Fifa World Cup, bet-at-home said it expects revenue to increase again to around €150m.

In addition, corporate EBITDA should come in at between €36m and €40m.

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