Adjusted earnings per share were up by 13 percent and the dividend was raised by 10%, a positive signal. Period-end net cash stood at €175.7m, modestly below the company’s previously reached €192m.
The group has trimmed its forecasts given the strengthening of the euro, but still predicts 15% growth for the 2017 financial year, thanks to its expansion in Asia.
"The proven strength of the Playtech model was once again demonstrated with a strong H1 performance driven by both underlying growth and recent acquisitions,” Alan Jackson, chairman of Playtech, said. The company this week acquired ACM, a B2B market broker, for $5m.
"The first half of the year saw Playtech’s Gaming Division deliver strong growth with double-digit underlying growth and recent acquisitions integrated and performing in line with expectations,” Jackson added.
"Taken all together, this proven platform for growth across the business has again delivered a strong performance and management remain confident of further strategic progress in the second half of 2017.”
