Another sound quarter for live dealer technology and games provider
News on 19 Apr 2018
News on 19 Apr 2018
Live dealer technology and games provider Evolution Gaming has continued to keep its investors happy with another set of quarterly results, reporting that in the three months ended March 31 it achieved the following highlights:
* Operating revenue up 30 percent at Euro 51.6 million (Q11-2017: Euro 39.7 million);
* Profit rose from Euro 12.7 million to Euro 16.5 million;
* EBITDA up 29 percent from Euro 17 million to Euro 22 million on a margin of 42.6 pertcent;
* Quarterly EPS at Euro 0.46, up from Euro 0.35 in the same period last year.
Chief executive Martin Carlesund reported:
“Overall, the first quarter of 2018 has been characterised by growth and profitability in line with our expectations, considering the ongoing investments in both new studios and games.
“We noted a clearly stronger performance at the end of the period, with good growth and earnings, compared with the beginning of the period.
“We have a very intensive period ahead of us with many tables to be delivered and go live. With extended studio capacity and new and upcoming game launches, we are increasing our lead over our competitors.”
