Bet-at-home.com AG : Weak H1 results due to Poland; increased marketing spend for FIFA World Cup still needs to pay off; further model adjustments due to Switzerland
>H1 2018 misses, but H2 has all the ingredients for a recovery - Bet-at-home released its H1 2018 results, which came in below our estimates, particularly in terms of earnings. The company reported gross betting revenues of € 66.6m (Q2 2017: € 76.8m) resulting in net betting and gaming revenue of € 52.2m, down 15% yoy, and € 6.5m below our estimate. (Note that a significant part of the FIFA World Cup revenues from betting and gambling was generated in July / Q3 and t...Bet-at-home.com AG is a holding company and as such does not have business operations beyond managing its own holdings. All operational activities are carried out exclusively by its subsidiaries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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