bet-at-home improves 2020 earnings in Q4
DACH markets betting group bet-at-home AG has reviewed its full-year 2020 results after company management recorded a ‘supremely positive’ Q4 trading period.
In an update aimed towards investors, the Frankfurt Xetra betting group has expected that its EBITDA range will be delivered over the €30 million mark – a major increase on its former range of €23-27 million. bet-at-home has largely improved its full-year EBITDA results, with the firm’s gross revenue performance of €127 million conforming with its anticipated range of about €120-132 million.
In the first half of the last year, bet-at-home management notified investors that the company had been struck by major COVID-19 impacts across DACH markets after corporate revenues fell by 15% to €49 million.
Group management did not give out any information concerning the firm’s improved Q4 results, claiming that period highlights would be told once it had published its full-year 2020 audit statement on the 8th of March. Positive 2021 developments have witnessed bet-at-home start to operate as one of the pre-approved, federally regulated bookmakers in Germany.