bet-at-home

bet-at-home (XETRA: ACXX)

Currency in EUR

Last close As at 20/09/2023

EUR3.86

▲ −0.04 (−1.03%)

Market capitalisation

EUR27m

Overview
Price performance
Financials
Research
Thematics

Founded in 1999, bet-at-home (BAH) is an online sports betting and gaming company, licensed in Malta and headquartered in Düsseldorf, Germany. Since 2009 BAH has been part of BetClic Everest, a privately owned gaming company, which currently holds 53.9% of BAH’s shares.

Latest Insights

Consumer |
research

12.12.22

bet-at-home — FY22 GGR guidance raised

Consumer |
Update

15.11.22

bet-at-home — Navigating challenges in 2022

Consumer |
Outlook

16.05.22

bet-at-home — A year of consolidation

Consumer |
Update

06.12.21

bet-at-home — FY21 guidance reiterated

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Sector

Consumer

Equity Analyst

Russell Pointon

Director, Consumer

Key Management

Marco Falchetto

CEO

Balance Sheet

Forecast net debt (€m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(1.0)	(11.9)	(36.5)
Relative	(2.3)	(10.0)	(49.0)
52 week high/low	€8.8/€3.6

Financials

bet-at-home’s (BAH’s) Q322 profitability was helped by cost-saving initiatives, particularly lower personnel expenditure, which offset lower quarter-on-quarter betting volumes. After the Q322 update, management raised FY22 gross gaming revenue (GGR) guidance due to positive trading around the FIFA World Cup. Management has maintained FY22 EBITDA guidance, which includes ongoing uncertainty from the effect of risk provisions associated with former business activities, and the effect of increased marketing spend for the tournament.