888 Holdings plc
14 September 2006

888 Holdings Public Limited Company

('888' or the 'Company')


Interim Results for the six months ended 30 June 2006





888, one of the world's most popular online gaming entertainment companies,
announces its interim results for the six months ended 30 June 2006.


Financial Highlights


Profit before tax* up 88% to $48.0m (H1 2005: $25.6m)
Net Gaming Revenues ('NGR') up 32% to $163.5m (H1 2005: $123.7m)
Profit before tax* margin up to 29% (H1 2005: 21%)
Operating expenses % of NGR down to 25.6% (H1 2005: 28.0%)
Cost per acquisition** of US$165 (H1 2005: US$200)
Net cash generated from operating activities up 109% to $56.1m (H1 2005:
$26.8m)
Basic EPS* up 89% to 13.8c (H1 2005: 7.3c)
Interim dividend of 4.5c per share
Special dividend of 4.0c per share


* 2006 - excluding share benefit charges


** Excluding customers recruited on a revenue share basis.


Operational Highlights


Geographical expansion outside US - 48% of NGR from non-US territories
and 67% of new real money sign ups from non-US territories


Rapid growth in NGR in the UK up 61% and Continental Europe up 16%


Increased yields per member from Casino and Poker divisions


Continued technological innovation


Continued investment in the 888 brand through sports sponsorships
including two new football sponsorships with Sevilla FC and Toulouse FC in
addition to the World Snooker Championship and a third year with
Middlesbrough FC


Commenting, John Anderson, CEO of 888 said:


'These are excellent results and represent a record performance of profitable
growth. We have delivered on all our flotation goals.


Trading during the first 10 weeks of Q3 is in line with management expectations
and we are on track to achieve a satisfactory outcome for the full year.

As of 31 December 2006, I shall step down as CEO and take the role of
non-executive Director. The current COO, Gigi Levy will succeed me as CEO.
Gigi is an excellent, experienced individual who is more than capable of taking
on this challenge.

I am proud to have led 888, since 2000, through its formative years into the
success it is today. Over the past six years, 888 has been a pioneer in the
online gaming industry.'



An audio replay of the presentation to analysts will be available from the
investor relations section of 888's website (
http://www.888holdingsplc.com

StockMarketWire.com
Online gaming entertainment and solutions provider 888's revenue increased 13% to US$520.8m in the year to the end of December and by 18% on a constant currency basis.

B2C revenue increased 15% to US$460.2m (2015: US$399.4m) - up 20% on a constant currency basis.

Casino revenue rose by 21% to US$279.3m (2015: US$230.6m) - up 26% on a constant currency basis.

Revenue from Sport increased 49% to US$51.9m (2015: US$34.8m) - up 58% at constant currencies.

Adjusted EBITDA rose 12% to US$90.2m (2015: US$80.6m); on a constant currency basis adjusted EBITDA increased 24% to US$100m.

Adjusted EBITDA margin remained stable at 17.3% (2015: 17.4%) or 18.3% at constant currencies.

The board has recommended a final dividend of 5.1c per share (2015: 4.0c per share) due to the strong results and additional one-off 10.5c per share to bring the total for the year to 19.4¢ per share (2015: 15.5c per share).

Chief executive Itai Frieberger said: "2016 was another fantastic year for 888 during which we continued to deliver very strong organic revenue and profit growth.

"This was again underpinned by further outstanding progress in Casino, Sport and across regulated markets.

"888's further expansion in the UK, Spain and Italy is a strong demonstration of the Group's ability to drive excellent growth and build leading market positions across regulated markets as the industry continues to head in this direction.

"Despite currency headwinds, revenue reached an all-time high of 520.8 million dollars and, at constant currency, increased 18% year on year to US$546.4 million.

"At the same time, the Group's underlying margins remain healthy and profit before tax increased significantly to 59.2 million dollars.

"These strong results demonstrate the truly outstanding underlying momentum in the business.

"In addition, the Group's strong free cash flow and confidence in the outlook has enabled the Board to propose a 25% increase in total dividend for the year.

"Current trading since the start of the year remains healthy with average daily revenue more than 11% above the previous year at constant currency.

"888 is a fast-growing operator with the majority of its revenue now generated from regulated markets.

"The Group is truly diversified with successful operations under 10 licences, four established B2C product verticals and an outstanding B2B offer.

"Underpinning 888's success we have a leading-edge technology platform and an exceptionally skilled team.

"The board continues to see a number of significant growth opportunities for 888 both in new and existing markets and we look forward to another exciting year of progress."

Having a good run of late. Just wonder if GVC will take them out one day ?

Very high volume today, perhaps news due.

A bid would be great.

Thurs 11 May dividend - Final 4.12p and special 8.5p :-))

Nice and steady climb.

888 Holdings: Canaccord maintains Buy with a target price of 330p.

Broker Forecast - Peel Hunt issues a broker note on 888 Holdings PLC
BFN
Peel Hunt today reaffirms its buy investment rating on 888 Holdings PLC (LON:888) and raised its price target to 350p (from 260p).

Story provided by StockMarketWire.com

Would not quite hold onto the 300p reached. Good day.

888 Holdings PLC (888:LSE) set a new 52-week high during today's trading session when it reached 301.75. Over this period, the share price is up 40.42%.

Sold today., bit of resistance breaking 300p.

StockMarketWire.com
888 was informed that the UK's Gambling Commission (UKGC) is currently conducting a review of the manner in which a subsidiary of the company carried on its licensed activities.

This would ensure compliance with the UKGC operating licence held by the licensee.

The review was initiated to assess certain measures that the licensee employs to ensure social responsibility to its customers including effective self-exclusion tools across different operating platforms.

888 said it was dedicated to providing players with a responsible and enjoyable gaming experience and the licensee would be proactively engaged with UKGC throughout the review.

Good timing dc

Cheers 2517GEORGE, sure was . Dividend as well. :-))

Phew!😃

I suppose they could get a hefty fine. A massive gamble buying back in ? Many are saying the sp fall is over done. Watch this break though 300p. :-))

JP Morgan Cazenove today initiates coverage of 888 Holdings PLC (LON:888) with a overweight investment rating and price target of 320p.

StockMarketWire.com
888's revenue increased 3% to US$270.1m in the six months to the end of June - up 9% on a constant currency basis - but the group reported a pre-tax loss of $17.3m (H1 2016: profit $27.8) as a result of exceptional charges of US$50.8m during the period.

B2C revenue increased 6% to US$242.6 million - on a constant currency basis B2C revenue increased 11%.

Casino revenue increased 6% to US$146.0 million - up 11% at constant currencies.

Poker revenue increased 1% to US$42.5 million - on a constant currency basis poker revenue increased 1%.

Sport Revenue increased 35% to US$33.7 million; on a constant currency basis sport revenue increased 45%.

B2B revenue decreased 15% to US$27.5 million; on a constant currency basis B2B revenue decreased 6%.

Revenue from Europe (excluding UK) markets increased 24% to US$133.6 million (H1 2016: US$107.5 million) representing 49% (H1 2016: 41%) of Group revenue.

Adjusted EBITDA increased 8% to US$47.6 million (H1 2016: US$44.1 million); on a constant currency basis Adjusted EBITDA increased 22% to US$53.8 million.

Adjusted profit before tax increased 12% to US$37.6 million (H1 2016: $33.7 million).

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