CFH Performs Well into 2017 Post-Playtech Acquisition

Playtech outlined in a trading statement that its B2B financial trading division business continues growing.
Photo: Christian Frahm, Founder and CEO of CFH Group

Playtech has just posted a commentary on the company’s performance before its Annual General Meeting of shareholders via the London Stock Exchange. The company is outlining growth in its B2B trading segment and consistency in its Key Performance Indicators (KPIs) for the retail segment of the gaming giant’s retail forex and CFDs subsidiary Safecap Investments.

Safecap is regulated by the Cyprus Securities and Exchange Commission (CySEC). The company is operating one of the most successful brands in the industry, Markets.com.

Commenting on the performance of the financials division of Playtech, the Chairman of the Board of the company, Alan Jackson, said: “The Financials division has performed in line with our expectations, with continued growth in the B2B business and improved B2C customer KPIs. CFH continues to perform well following the acquisition in November.”

Playtech acquired the Danish company for $120 million late last year, marking a €1.8 million contribution to the company’s revenues for the final month of 2016.

Jackson also hinted that the company is also discussing some bolt-on acquisitions for its financials division.

The rest of the commentary refers to the company’s broad performance that is focused on Playtech’s core gaming business.

“Playtech is delivering a strong performance in 2017 driven by organic growth and recent strategic acquisitions. Growth in daily average revenues in the Gaming division in the year to date remains strong with organic growth supplemented by acquisitions made in 2016 and 2017 including BGT, Quickspin, ECM and Eyecon,” Jackson stated.

The company’s overall M&A pipeline is strong with some discussions to bolster the company’s gaming division ongoing.

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