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Evolution Gaming first interim report
Thursday May 7,2015 : EVOLUTION GAMING POSTS INTERIM REPORT
Revenues, operating profit and EBITDA all up.
Live dealer provider Evolution Gaming has published its first interim report since publicly listing, showcasing growth in revenues, operating profit and EBITDA.
The company said that its recent deal with Pokerstars enabled it to boost revenues 43 percent y-o-y to Euro 15.4 million in its first quarter 2015.
Adjusted EBITDA grew 95 percent to Euro 6.2 million (Q1-2014: Euro 3.2 million) with margin at 39.9 percent, and adjusted operating profit up 117 percent y-o-y at almost Euro 5 million. Adjusted operating margin was 32 percent during the reporting period.
Evolution reported adjusted profit of Euro 4.6 million (Q1-2014: Euro 2.1 million), with adjusted profit margin of 29.6 percent.
In January the company completed a restructuring initiative and the establishment of a new parent company – Evolution Gaming Group AB, as part of the preparations for its successful listing on NASDAQ First North Premier in Stockholm in March this year.
Management reported that significant market demand for Evolution products continued in the quarter, and that the company improved its mobile offering and launched new games; 20 percent of Evolution revenues were generated from the mobile channel, Management said.
The Pokerstars deal was a major boost for the company, with the poker giant the first licensee to go live with the Evolution’s Immersive Lite, an HD multi-camera studio installation.
Evolution CEO Jens von Bahr reported that the company has secured a full UK Gambling Commission licence.
Gambling News :
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Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
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MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
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