Playtech to 'marginally' beat analyst revenue forecasts

30th Jan 2014 08:19

Playtech, which develops software platforms and online content, on Thursday predicted its total revenues and adjusted earnings for the full-year would be 'marginally ahead' of current analyst expectations.Consensus forecasts for the 12 months has been predicted to total £312.24m, with pre-tax profit of £126.81m and earnings per share of 43.83p. The group reported a continued strong performance since the end of October, in which time it has signed a number of new licences, including its most recent one with Holland Casino earlier this month. Discussing its progress over the past three months, a statement from the group read: "Playtech completed the rollout of further market-leading products, specifically focusing on its mobile and sports verticals both in Europe and elsewhere, as part of the company's strategy to further diversify its business and create the building blocks for future growth."In line with its strategy, Playtech continues to strengthen its position by signing new licensees and cooperating closely with the company's existing licensees ahead of major sports events later this year." NR