Gambling software firm Playtech has upgraded its guidance due to growth in its business-to-business arm, and said it will deliver €1.7bn [$1.9bn] to shareholders via the sale of Snaitech.
Adjusted earning before interest, tax, depreciation and amortization (EBITDA) in the six months ended 30 June rose 11 per cent to €243m [$271m], driven by “strong performance across the B2B business”, Playtech said.
The company said it was on course to deliver full-year adjusted EBITDA slightly ahead of expectations.
Revenue rose five per cent, from €859.6m to €906.8m, while post-tax profit rose 23 per cent to €105.4m. Diluted earnings per share rose by 22 per cent to reach 33.6 cents, from 17.5 cents.
