forex forum binary options trade - Forex - Playtech Expects to Close FY22 with at Least €400M EBITDA
  • Welcome to forex forum binary options trade. Please login or sign up.

Playtech Expects to Close FY22 with at Least €400M EBITDA

Started by forex4you, Jan 29, 2023, 03:02 pm

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.


Playtech Expects to Close FY22 with at Least €400M EBITDA

<p>Playtech (LON: PTEC) released a trading update on Thursday, revealing its expectations to end the financial year 2022 with at least €400 million in adjusted EBITDA. The expected figure is 26 percent higher than the previous year.</p><p>Playtech's Solid EBITDA Expectations</p><p>The company highlighted that the upward dragging of its performance in the year was due to the performance of both B2B and Snaitech businesses.</p><p>The London-listed company closed the <a href="" target="_blank" rel="follow">first half of 2022 with a revenue of €792.3 million</a> that jumped 73 percent year-over-year. In addition, its EBITDA for the period leapt 64 percent to €203.8 million, with extensive growth in American and European regions. It shows the company expects to close the second half of the year with its EBITDA reaching similar amounts.</p><p>Check out the latest FMLS22 session on "Upstart Products Boosting Your Bottom Line."</p><p>Playtech Simplifying Its Businesses</p><p>Playtech is a well-known provider of online gambling technology. Last year, it <a href="" target="_blank" rel="follow">offloaded its financial division Finalto </a>by selling it to Hong Kong-based Gopher Investments in a $250 million cash deal. Playtech called the latest sale "a significant step" in its strategic objective to simplify the group.</p><p>"The sale of Finalto was completed in July 2022, representing a significant step in our stated strategy to simplify the Group and focus our efforts on the high-growth B2B and B2C gambling markets," Playtech's CEO, Mor Weizer, said. "We remain well placed to capitalize on the exciting market opportunities ahead, driving sustainable growth for the benefit of all our stakeholders."</p><p>Meanwhile, Playtech entered into an <a href="" target="_blank" rel="follow">amended €277 million revolving credit facility</a> until October 2025, with an additional one-year extension option. It came as the company reviewed options to refinance its €530 million senior secured notes and revolving credit facility.</p><p>Playtech was mulling around the sale of the company, but those measures failed. First, the Playtech shareholders <a href="" target="_blank" rel="follow">rejected a £2.7 billion takeover bid </a>of Aristocrat Leisure, and then TTB Partners <a href="" target="_blank" rel="follow">withdrew its interest </a>in the company, citing market conditions.</p>

This article was written by Arnab Shome at

Source: Playtech Expects to Close FY22 with at Least €400M EBITDA
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex. Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders  Affiliate programs  Forex4you Affiliate programs