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Yggdrasil Earnings Results

Monday February 22,2016 :  YGGDRASIL HAILS FULL YEAR RESULTS

Stratospheric revenue growth, says CEO

Malta-headquartered software developer Yggdrasil Gaming delivered a robust Q4 2015 and Full Year Update, saying the company is exceeding its internal growth forecasts.

Quarter 4 highlights for the period ending December 31, 2015 include:

-    A 696 percent revenue increase year-on-year to SEK 10.4 million
-    EBITDA amounting to SEK 4.9 million (Q4/2014: SEK -1.4 million), corresponding to an EBITDA margin of 47 percent
-    Bet turnover of SEK 2.28 billion, an increase of 991 percent year-on-year.
-    Mobile gaming now accounts for 41.75 percent of the total gross game win
-    Number of bets increased by 792 percent year-on-year to SEK 204 million.

2015 Full Year Highlights include:

-    Revenue increase of 357 percent to SEK 20.1 million
-    Significant improvement in EBITDA to SEK 5.2 million (2014: SEK -4.6 million)
-    544 percent bet turnover increase to SEK 3.89 billion.
-    A total of 27 signed agreements with operators.

Yggdrasil closed the door on a phenomenal year of growth during 2015 in which it sealed numerous new deals with LeoVegas, Mr Green, Unibet, Hero Gaming, BetClic, Expekt, Monte Carlo Casino, Casino Heroes, Sunmaker and Kaboo; was awarded UK Gambling Commission licensing; saw the launch of a promotional tool offer BOOST; released eight new games; awarded a Joker Millions progressive jackpot of Euro 460,000 won seven new Joker Millions deals; and launched its iSENSE 2.0 HTML5 framework.

In a trading update, the company said it had signed further deals with Vera&John, ComeOn and Betsson.

“Yggdrasil enjoyed an absolutely fantastic 2015 which has put us in a position to push on this year and firmly establish ourselves as a top-tier supplier,” Fredrik Elmqvist, chief executive officer of Yggdrasil commented.

“It is tough to pick out just a handful of highlights in what was an action-packed year which saw stratospheric revenue growth, positive year-end EBITDA for the first time and several industry-first launches.”



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Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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