Cyrrus (Cyrrus)
Czech markets  |  August 28, 2012 15:46:03

Fortuna: Prediction results of 1H 2012

This year has been in terms of betting opportunities and very rich in the second quarter spoke to the management of the Football Championship Fortuny. The betting on the Euro 2012 championship Fortuna chose 17 million, however the level of Gross Win (GW) it will have only a minimal effect. Had managed to favorites Fortuna and so on winnings paid 14 million euros.

Overall, we expect growth in the volume of bets received 226 million euro, up 8% compared to 1H 2011th The main market still remains with an overview of the Czech Republic adopted stakes 130.3 million (plus sports betting, lotteries) with growth of 17%.This was due both to higher interest due organizing bets football championship and also reception lottery. The Slovak Republic but we expect a decrease of bets received by 11% yoy due to the loss of several large clients Fortuny, which the company indicated in the first quarter of this year. About 20% according to our estimates, the increased volume of bets received on the Polish market, which continue to be the development of online betting.

The GW margins decline by 4.4 percentage points compared to the first quarter to 22%. Weaker margins is mainly caused by the high level of payouts to the euro, which was exacerbated by the payment of different bonuses for new players. Mainly due to strong margins in 1Q GW will, however, total margin for 1H 2012 and thus stronger than 1H 2011th Overall, we expect GW up by 17% higher at 56 million.

Total income, ie gross winnings minus deductions and adjustments for other income, as we will follow the development at GW and will show double-digit growth over last year's numbers. At the EBITDA level, however, we see a noticeable drop in force due to a new betting tax in the Czech Republic, the impact of which is estimated at about 5.6 million. Without this factor, the negative EBITDA also showed double-digit annual growth. Higher compared to 1H 2011, the loss from the operation of the lottery, there is estimated at EUR 2.5 million

Operating and net profit due to the impacts of new taxes will be similarly under pressure, down count on their reduction by 15% respectively. 20%. The management comments are very curious about the information regarding the project lottery. Interest in it was because in the second quarter is very low and its duration longer has a negative effect on the overall performance of the company.

Complete forecast results for 1H 2012 to download here. (528.66 kilobytes)

Was this article: 10 | 8 | 6 | 4 | 2 | 0

Last news from the section Czech markets:

Po 11:56  PMČR zítra (25. 9.) zveřejní čísla za 1H18 Research (J&T BANKA)
Po 10:58  Kofola: Další manažeři kupovali akcie Research (J&T BANKA)
Po   9:10  Inercom zkouší druhý pokus o souhlas k nákupu aktiv ČEZ (Ranní zpráva z akciového... Investiční bankovnictví (Komerční banka)

Read also:

March 18, 2014Pegas Nonwovens: Predikce výsledků hospodaření za 4Q 2013 Vladimír Urbánek (
February 25, 2014CME: Predikce výsledků hospodaření za 4Q 2013 Cyrrus (Cyrrus)

Fortuna: Predikce výsledků hospodaření za 1H 2012

Diskuze a názory

Na dané téma nejsou žádné názory.

Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2018, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688