After company management reported a ‘supremely positive’ Q4 trading period, DACH markets betting group bet-at-home AG has revised its full-year 2020 performance.
The Frankfurt Xetra betting company, updating investors, anticipated that its projected EBITDA range would surpass the EUR 30 million mark, a considerable improvement over its previous EUR 23-27 million range.
Strengthened Full Year EBITDA
Bet-at-home strengthened its EBITDA results for the full year, with the company’s gross revenue output of EUR 127 million falling in line with its planned EUR 120-132 million range.
Bet-at-home management alerted investors during the first half of 2020 that the company had absorbed major COVID-19 effects across the DACH markets after corporate sales fell by 15 percent to EUR 49 million.
Period highlights to be disclosed later
Group management did not include any detail about the company’s improved Q4 performance, stating that, once its full-year 2020 audit statement was released on 8 March, period highlights will be disclosed.
Positive trends in 2021 have seen bet-at-home begin to act as one of Germany’s pre-approved, federally controlled bookmakers.