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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.
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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