Wednesday February 17,2016 : EVOLUTION GAMING POST RECORD 2015 RESULTS
Results driven by mobile and existing customers.
Live dealer gaming provider Evolution Gaming has posted record full year 2015 results for the period ending December 31, 2015 and confirmed its intention to apply for a listing on the Nasdaq Stockholm Main list.
Key performance indicators for the fourth quarter included an increase in revenue of 62 percent to Euro 22.4 million (Q4/2014: Euro 13.8 million) and profit of Euro 6.9 million (Q4/2014: Euro 3.8 million).
Adjusted EBITDA amounted to Euro 9.3 million, up 68 percent on the same quarter 2014, with a margin of 42 percent (Q4/2014: 40 percent).
Mobile penetration has almost doubled on the comparative period reaching 32 percent.
Chief executive officer, Jens von Bahr, revealed growth was driven mainly by existing customers such as William Hill and Genting who are focusing increasingly on their Live Casino offerings.
“Mobile growth remains very strong,” Bahr continued. “In the final quarter of the year, 32% of the operators’ gaming revenues generated via the Evolution platform derived from mobile devices. In absolute numbers, growth was 33% compared to the third quarter of 2015,” results which will lead Evolution to continue devoting “significant” resources to its mobile offering in 2016.
Bahr identified the land-based segment as an exciting growth area saying many of its terrestrial operators want to capitalise on their strong brands online.
Half way into the company’s first quarter 2016, Bahr reports a strong start to the year along with a decision to apply for listing on Nasdaq Stockholm’s main list some time in 2016.