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Playtech - Full year eps grows 28%

April 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PTEC
  • Price:
  • 748p
The shares rallied after Playtech, which designs, develops and licenses software and support services for land-based and online gaming firms, announced strong results with revenues ahead 24% to Eu457m, while ebitda rose 30% to Eu207.1m. Eps rose 28% to 65 cents. Impressively, daily average revenues have risen 22% over Q1 ’14 for the first eight weeks of 2015.Playtech reports across five vertical markets with the largest, Casino (53% turnover), growing revenues by 29%, helped by newer licensees such as Ladbrokes, the expansion of the games portfolio and growth from the mobile and Live product channels.Services (29% turnover), which provides media buying, affiliate support, CRM and search engine optimisation, increased sa ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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