Reports

Published: 2020-02-18 08:00:00

Angler Gaming plc: Interim Report for 4th Quarter and Year-end 2019

Key Facts for the 4th Quarter 2019 (1st October 2019 - 31st December 2019)

All time high in Revenues

All figures are compared to the same quarter of the previous year if not explicitly stated otherwise

  • Revenues increased by 16.79% to €7,885,746 (€6,751,854).
  • EBIT increased by 187.63% to €2,056,917 (€715,128).
  • EBIT margin of 26.08% (10.59%).
  • Customer deposits decreased by12.40% to €18,518,134 (€21,138,984). 
  • 50,987 new registered customers (48,262), increase of 5.65%.
  • 25,865 new depositing customers (26,211), a decrease of 1.32%.
  • Earnings per share of €0.0260 (€0.0092).
  • The average daily Net Gaming Revenue for the 43 first days of Q1 2020 is 18 % higher compared to the average daily Net Gaming Revenue in Q4 2019. All subsidiaries are showing growth in revenues.
  • In Q4 2019 Premiergaming Ltd, a fully-owned subsidiary of Angler Gaming PLC, launched a new brand; ProntoLive focusing on Live Casino. The launch temporary increased the marketing cost (expensive TV-advertising) as was communicated in the Q3 Report 2019. In Q1 2020 Premiergaming Ltd is changing to a more operational marketing mix. As a result, the Group"s marketing expenses in Q1 2020 is estimated to be approximately 30% less compared to Q4 2019. In Q4 2019 Premiergaming represented 20% of the Group"s revenues. The decrease in marketing cost should not effect the Premiergaming"s revenues negative in Q1 2020, given a more effective marketing mix.

Key Facts for 2019 (1st January 2019 - 31st December 2019)

All-time high in revenues and Profits

All figures are compared to Jan - Dec 2018 if not explicitly stated otherwise

  • Revenues increased by 55.09% to €28,526,664 (€18,394,136).
  • EBIT increased by 55.90% to €7,037,259 (€4,513,995).
  • EBIT Margin of 24.67% (24.54%).
  • Customer deposits increased by 72.83% to €72,292,951 (€41,828,434).
  • 180,547 new registered customers (139,452), increase of 29.47%.
  • 78,934 new depositing customers (50,712) increase of 55.65%.
  • Earnings per share of €0.0862 (€0.0583).
  • The Board of Directors proposes distribution of €5,248,950 (€3,374,325) by way of a dividend to shareholders, which corresponds to €0.07 per share (€0.045), an increase of 55.6%. Angler Gaming will not compensate for currency exchange costs.

Key Performance Indicators (EUR)

  Q4 Q4 Jan-Dec Jan-Dec
  2019 2018 2019 2018
Customer Deposits €18,518,134 €21,138,984 €72,292,951 €41,828,434
Active Customers 53,252 41,727 127,718 79,902
New Registered Customers 50,987 48,262 180,547 139,452
New Depositing Customers 25,865 26,211 78,934 50,712
Gross Game Win €9,065,918 €7,498,227 €32,132,276 €21,040,692
Net Game win €8,612,887 €7,303,668 €30,801,110 €20,097,324
Hold 39.06% 32.4% 40.17% 44.3%
         

* Definition Active Customers: Customer that wagered at least one bet in the indicated period

** Definition New Registered Customer: A new customer registered in the indicated period

*** Definition New Depositing Customer: A customer that deposited the first time in the indicated period

**** Definition Net Game Win: Real money bets minus real money wins

***** Definition Hold: Net Gaming Revenue / Customer Deposits

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Comments from the CEO

"2019 was yet another year with strong growth and all-time high in both revenues and profit which the graph clearly shows.  In 2019, revenues were up 55% and EBIT up 56% compared to 2018. The main reasons for the growth are experienced and talented staff, the Group"s investment in a modern and scalable platform which the Group fully owns, and daily focus and actions on important indicators for the business (KPI). Our growth in net profit and revenues and healthy financial situation overall allowed the Board of Directors to propose a distribution to the shareholders of €0.07 per share for 2019, an increase of 55.6% compared to 2018. Q4 2019 saw another all-time high in revenues and the second-best EBIT in the history of the Group. In Q4 2019 Premiergaming launched a new brand; ProntoLive focusing on Live Casino. While this launch temporary increased the marketing cost, it was according to our plan to give the new brand an increased traction on the market. In Q4 2019 Premiergaming and its Pronto group of brands represented 20% of the Group"s revenues. In addition, Premiergaming has come to the final phase in chosing a Sportsbook to be implemented H1 2020. Going forward we continue to focus on growth and cost control. We are very pleased that the average daily Net Gaming Revenue for the 43 first days of Q1 2020 is 18 % higher compared to the average daily Net Gaming Revenue in Q4 2019 and that all subsidiaries are showing growth in revenues. In addtition, in Q1 2020 Premiergaming Ltd is changing to a more operational marketing mix. Due to this we estimate that the Group"s marketing expenses in Q1 2020 will be approximately 30% less compared to Q4 2019. The strong start in terms of revenues for 2020 together with the changed marketing mix shows that our constant work to focus on revenues and profits continues to pay off."

 

*Definition of Revenue: `Bet - win - jackpot contribution - bonus cost - loyalty points - manual adjustments user balances".

**Definition of Cost of Services Sold:  - Cost of sales includes: `Payment processing fees to payment suppliers, affiliate expenses, Gaming License fees for products, software licence fees, gaming taxes and affiliate costs"

*** Financial income/expenses consist mainly of income/expenses related to fluctuations in currency rates

 

 Date and Place for the next Annual General Meeting

The 2020 Annual General Meeting will be held on Thursday the 11th of June in Stockholm.

 

Other Information

This report has not been reviewed by the Company"s Auditor - The Annual Report and Audited Financial Statements for 2019 will be published on the 30th of April 2020.

Q1 2020 report will be published on 12th of May 2020.

Q2 2020 report will be published on 12th of August 2020.

Q3 2020 report will be published on 11th November 2020.

Q4 and the annual report 2020 report will be published on 18th February 2021.

Malta, 18th of February 2020

Board of Directors of Angler Gaming plc

Enquiries: Thomas Kalita, CEO

Moibile: +356 9966 2000

thomas.kalita@anglergaming.com

Angler Gaming plc

ANGLER GAMING PLC (PUBL) IS A MALTESE HOLDING COMPANY LISTED ON THE SWEDISH STOCK EXCHANGE, SPOTLIGHT STOCK MARKET (ANGL), THAT INVESTS IN COMPANIES WHICH PROVIDE GAMING SERVICES OVER THE INTERNET. ANGLER GAMING"S CORE BUSINESS IS TO OWN AND ADMINISTER SHAREHOLDING IN INTERNET GAMBLING COMPANIES. 

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