IN BRIEF: Playtech expects earnings growth on Snaitech performance

Playtech PLC - Isle of Man-based gambling software development company - Says it has continued to ...

Alliance News 26 January, 2023 | 11:08AM
Email Form Facebook Twitter LinkedIn RSS

Playtech PLC - Isle of Man-based gambling software development company - Says it has continued to perform strongly since interim results were released in September. Now expects adjusted earnings before interest, tax, depreciation and amortisation for 2022 of at least EUR400 million, up 26% versus EUR317.1 million in 2021.

Playtech says growth is driven by its Snaitech business in Italy, in which it holds a 71% stake, as well as its business-to-business division. Snaitech is a Milan-based betting platform bought by Playtech in 2018.

Playtech will release its results for 2022 on March 23.

Current stock price: 570.50 pence, up 2.3% in London on Thursday morning

12 month change: down 4.5%

By Holly Beveridge; Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Playtech PLC 481.00 GBX -2.63 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures