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    PTEC   IM00B7S9G985

PLAYTECH PLC

(PTEC)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/26 11:35:07 am
673 GBX   +0.22%
10/25FORM 8.3 - THE VANGUARD GROUP, INC. : Playtech plc
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10/22FORM 8.3 - THE VANGUARD GROUP, INC. : Playtech plc
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10/20Gains in miners, banks lift Australian shares
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Playtech : sees 2020 ahead of expectations as lockdowns boost gaming

01/12/2021 | 03:25am EDT

(Reuters) - Gambling software maker Playtech said on Tuesday it expects 2020 annual performance to be ahead of expectations, driven by its financial trading arm, and casino, poker, bingo and betting businesses.

Online betting has enjoyed a boost as COVID-19 restrictions encouraged locked-down customers to play more from home when casinos and betting shops are off limits.

Playtech, the world's biggest supplier of technology for online gaming operators, expects adjusted core earnings to be at least 300 million euros ($364.77 million) for the year ended Dec. 31.

The Isle of Man-based company said its core B2B business, including casino, bingo and poker, performed very well in 2020 and its gambling unit Snaitech had a strong performance online, with retail hit by lockdown measures and the cancellation of sports events.

Finalto, the financial trading arm, was "the standout performer" in the first half, benefitting significantly from increased market volatility and trading volumes, but had a challenging second half.

Playtech said it continues to be in talks about the possible sale of the unit as part of an asset review to simplify its business and sell non-core assets.

The company said it had completed the sale of YoYo Games for about $10 million, leading to the disposal of all its casual and social gaming assets.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shailesh Kuber and Subhranshu Sahu)


ę Reuters 2021
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Analyst Recommendations on PLAYTECH PLC
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Financials
Sales 2021 1 158 M 1 343 M 1 343 M
Net income 2021 8,27 M 9,59 M 9,59 M
Net Debt 2021 628 M 729 M 729 M
P/E ratio 2021 153x
Yield 2021 0,09%
Capitalization 2 007 M 2 766 M 2 327 M
EV / Sales 2021 2,28x
EV / Sales 2022 1,79x
Nbr of Employees 7 000
Free-Float 87,4%
Chart PLAYTECH PLC
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Playtech plc Technical Analysis Chart | PTEC | IM00B7S9G985 | MarketScreener
Technical analysis trends PLAYTECH PLC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 6,73 €
Average target price 6,59 €
Spread / Average Target -2,04%
EPS Revisions
Managers and Directors
Moran Weizer Chief Executive Officer & Executive Director
Andrew James Smith Chief Financial Officer & Executive Director
Brian Roger Mattingley Non-Executive Chairman
Shimon Akad Chief Operating Officer
Ian Ince Global Head-Regulatory Affairs & Compliance
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