Financial highlights
Gross income up by 51% to €368.1 million (2011: €243.6 million)
Total revenues up by 53% to €317.5 million (2011: €207.5 million)
Adjusted EBITDA up by 49% to €186.7 million (2011: €124.9 million)
Adjusted net profit up by 49% to €168.5 million (2011: €112.8 million)
Adjusted basic EPS up by 26% to 58.1 € cents per share (2011: 46.2 € cents per share)
Cash balances at year end of €120.9 million (2011: €164.8 million), net cash at year end of €51.7 million (2011: €137.3 million)
Recommended final dividend of 15.4 € cents per share, giving a total 2012 dividend of 23.2 € cents per share (2011: 16.5 € cents per share), up 41%
Gross income is defined as total revenue plus the Group's income from associate
Adjusted EBITDA, adjusted EPS and adjusted net profit are calculated after adding back certain non-cash charges, cash expenses relating to certain one-off professional and legal costs, expenditure relating to the move to the Main Market and prior year taxes (see reconciliation in the financial review below)
Net cash is defined as cash and cash equivalents less bank borrowings
Trading update
Playtech has made a strong start to 2013, with average daily revenues for the first 11 weeks of 2013 up over 15% on Q1 2012 and up 5% on Q4 2012
Roger Withers, Non-executive Chairman, said:
"The year ending 31 December 2012 was an exceptional period in the continued development of Playtech. The Company delivered another impressive financial performance and passed a number of significant corporate and operational milestones, strengthening its position as the clear market leader in the provision of software and services to the global gaming industry. Playtech continues to capitalise on its clear strategy and strong balance sheet. The Board is highly confident of the Company's prospects in 2013 and beyond."
