Playtech has reported its full year financials to mark total revenue growth of 38%.
Playtech has reported its full year earnings for 2015, revealing that its financial trading subsidiary TradeFX which the company acquired in early 2014 has contributed roughly 10 per cent to the revenues of Playtech throughout the year, or about €60 million ($66 million).
The Markets.com business has managed to net $100 million in revenues for the full year including the figures before the takeover. The Acquisition by Playtech was concluded in April 2015, and the parent company reported today that its financial trading subsidiary registered growth in CFDs trading clients, netting 30 per cent. First time depositors have also grown by 25 per cent throughout the year.
As Finance Magnates reported first in December 2015, the company has undertaken a restructuring effort in order to optimize its business across the board. The firm has refocused its efforts on developing automation when dealing with clients and has laid off a number of employees in Bulgaria and Israel.
“Our newly created Financials division is developing well and we have further improved its business model”, the chairman of Playtech, Alan Jackson, stated.
Margins totaled 26 per cent with low markets Volatility in the latter half of 2015 being the leading cause behind the comparatively low number. Adjusted EBITDA of the financial division stood at $17.8 million (€15.9 million). The company has mentioned in its statement that “improvements to the business model were made to further enhance compliance”.
As for the broad business of the company, total revenues went up 38 per cent year-on-year in 2015 to €630.1 million, while adjusted EBITDA was higher by 22 per cent at €252 million.
Looking at M&A the company has refocused its efforts into gaming to make use of its massive cash reserves that total €857.9 million ($945.5 million).
“We have many opportunities for further growth, both organically and through M&A, with active discussions on a number of potential acquisitions in the Gaming division. Should suitable acquisitions not be available, consideration will be given to returning cash to shareholders as we look to maintain an efficient capital structure,” Jackson stated.
An Analyst Report from Canaccord Genuity's UK division maintained its Buy recommendation and 1000 pence target based on a cash adjusted FY17E price earning multiple (MEP) of 14.0 times, and EV/EBITDA ratio of 12.0 times.
The UK Analyst cited strong growth drivers, and underlying industry momentum, among other points such as a healthy pipeline and paraphrased the management's points on an efficient balance sheet regarding acquisitions.
The report also noted that Markets.com started Q1 very well amid market volatility but how management is adjusting the business model investing in regulatory infrastructure and in its B2B platform, which can impact short-term profits but help drive medium term gains in the future.
Playtech has reported its full year earnings for 2015, revealing that its financial trading subsidiary TradeFX which the company acquired in early 2014 has contributed roughly 10 per cent to the revenues of Playtech throughout the year, or about €60 million ($66 million).
The Markets.com business has managed to net $100 million in revenues for the full year including the figures before the takeover. The Acquisition by Playtech was concluded in April 2015, and the parent company reported today that its financial trading subsidiary registered growth in CFDs trading clients, netting 30 per cent. First time depositors have also grown by 25 per cent throughout the year.
As Finance Magnates reported first in December 2015, the company has undertaken a restructuring effort in order to optimize its business across the board. The firm has refocused its efforts on developing automation when dealing with clients and has laid off a number of employees in Bulgaria and Israel.
“Our newly created Financials division is developing well and we have further improved its business model”, the chairman of Playtech, Alan Jackson, stated.
Margins totaled 26 per cent with low markets Volatility in the latter half of 2015 being the leading cause behind the comparatively low number. Adjusted EBITDA of the financial division stood at $17.8 million (€15.9 million). The company has mentioned in its statement that “improvements to the business model were made to further enhance compliance”.
As for the broad business of the company, total revenues went up 38 per cent year-on-year in 2015 to €630.1 million, while adjusted EBITDA was higher by 22 per cent at €252 million.
Looking at M&A the company has refocused its efforts into gaming to make use of its massive cash reserves that total €857.9 million ($945.5 million).
“We have many opportunities for further growth, both organically and through M&A, with active discussions on a number of potential acquisitions in the Gaming division. Should suitable acquisitions not be available, consideration will be given to returning cash to shareholders as we look to maintain an efficient capital structure,” Jackson stated.
An Analyst Report from Canaccord Genuity's UK division maintained its Buy recommendation and 1000 pence target based on a cash adjusted FY17E price earning multiple (MEP) of 14.0 times, and EV/EBITDA ratio of 12.0 times.
The UK Analyst cited strong growth drivers, and underlying industry momentum, among other points such as a healthy pipeline and paraphrased the management's points on an efficient balance sheet regarding acquisitions.
The report also noted that Markets.com started Q1 very well amid market volatility but how management is adjusting the business model investing in regulatory infrastructure and in its B2B platform, which can impact short-term profits but help drive medium term gains in the future.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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