Bet-at-home AG succeeded in leaping into the SDAX

Bet-at-home AG succeeded in leaping into the SDAX

When the two Austrians Jochen Dickinger and Franz Omar founded the company bet-at-home in Wels in 1999 and put the platform of the same name for sports betting on the internet, neither of the two gentlemen could have foreseen even in the wildest dreams, Created work once. At the end of the nineties, the first companies began to recognize the signs of the time in the gambling industry and put everything on a map with their pure, Internet-oriented offers. Especially in this time, as mobile phones, except for the telephoning only for the transmission of SMS and cheap flat rates for the online going were still pure future music, numerous companies were born, which today, thanks to their prospective founders, belong to the leading companies in their branches. Bet-at-home also belongs to this team and has developed over the past 16 years from a simple bookmaker for sports betting to a complete provider with excellent online casino, poker, virtual games and, of course, also a great live casino. From the former small startup, a large listed company with almost 300 employees has grown, whose head office has been relocated from the tranquil Wels in Austria to Dusseldorf and which today owns numerous subsidiaries in Austria, Malta and Gibraltar. The provider of gaming machines and sports betting companies, now known as bet-at-home AG, had the provisional highlight in the grandiose development a few days ago, because with the admission to the 3rd Bundesliga of the German stock exchange, the SDAX belongs to this enterprise Now among the best 160 companies in Germany.

Bet-at-home rushes from record to record

The immediate take-over of bet-at-home AG into the SDAX is the provisional and crowning highlight of a famous development that has been going on since the year 2004, the year in which the company went public Even in the case of share prices, only one direction, namely steeply uphill. Each year, bet-at-home has a record result in sales and profit to the next with its business segments from online casino and sports betting, and so it belongs to the usual good tone that the company a few days ago once again set its own, already very high Forecasts for the past financial year, further corrected to the top. Thus, gross betting and gaming revenues are now expected for the last 12 months of 138 million euros, compared to the forecast 134 million euros. However, not only sales were raised, but EBITDA also rose in the outlook, from the balance sheet published in March for the previous financial year, from 30 million euros to now expected 33 million euros. Both combined, the inclusion in the SDAX and the continued positive development of bet-at-home AG, also caused a small fireworks on the stock market and pushed the price of the share to the all-time high of almost 100 euros. It was the investors, who recognized the great potential of the online casinos provider, which is one of the few companies that owns one of the coveted licenses from Schleswig-Holstein in addition to concessions from Malta and the UK, Since, in addition to steadily rising dividends, the company’s value, and thus also its share, has increased tenfold over the last five years. This means bet-at-home AG has now reached a total value of more than 500 million euros at the Frankfurt Stock Exchange, and here too it can be assumed that the two founders Jochen Dickinger and Franz Omar would hardly have dreamed in 1999.

Authored by: Admin