The financial results for Ladbrokes in 2012 have just been announced and there is some good news in there.
For a start, the UK wagering firm has grown their net revenue by a handy 7.4%, to bring up a total for last year of £1,053 million. The group operating profit is also up, this time by 8% to £206 million. These profits have enabled their net debt to be reduced by £67 million to a new total of just under £387 million.
These strong overall results mean that Ladbrokes have been able to increase their full year dividend by over 14%.
Big Plans for 2012 As Well
Among the betting company’s plans for 2013 are a net total of 100 new UK shops, which they hope will boost the already strong performance of their retail section. In fact, their UK retail operating profit for 2012 was a handsome £180 million.
On the digital front, net revenue in this area shot up by 9%, thanks in a large part to the firm’s sportsbook performance. UK punters will have access to a brand new sportsbook website in 2013 as well, while a mobile platform and the Betdaq acquisition are big stories for 2013.
Richard Glynn is the CEO of Ladbrokes and he said that they are carrying on with the job of transforming the firm. He pointed out the strong progress in the digital area and the overall “strong group performance”. He then went on to start in 2013 they “continue to drive investment” where they see the possibility of growth.
