Aspire Global CEO hails ‘amazing’ year

Stockholm-listed iGaming firm Aspire Global has hailed a record fourth quarter concluding ‘an Amazing Year’.

Key performance highlights for the 12 month period ending December 31, 2018 include a 45.5 percent increase in revenue year-over-year (YoY) to reach Euro 104.6 million and an increase of 52.6 percent in B2B Revenues which amounted to Euro 56.6 million.

EBITDA increased by 48.6 percent to Euro 21.2 million (2017: 14.3 million) and EBITDA margin
amounted to 20.3 percent (2017: 19.8 percent).

EBIT increased to Euro 19.3 million (2017: Euro 13 million), and Earnings after tax from continued operations increased to Euro 16.2 million (2017: Euro 9.8 million).

Earnings per share after tax from continued operations increased to Euro 0.36 (2017: Euro 0.23).

Cash flow from operating activities increased by 42.8 percent YoY to Euro 22.9 million, while first time depositors (FTDs) increased 50.5 percent.

Aspire’s Board of Directors has proposed a dividend of approximately SEK 1.27 SEK per share.

Tsachi Maimon, CEO Aspire Global:

“The fact that we will be exceeding previous financial targets ahead of schedule is the result of an amazing progress in 2018, following our growth strategy.”

Looking to the future, Aspire Global said it would remain focused on B2B, B2C and game development.

“Aspire Global will continue to pursue strong growth, both organically and through acquisitions, with a consistent focus on improving the offering, strengthening partnerships and seizing attractive opportunities in regulated markets,” Maimon said.

Aspire said it will be initiating ‘considerable’ investments in the company platform from its tech site in Ukraine, beginning with the recent appointment of a group CTO and further recruitments to strengthen the tech-team, to support its aspirations.

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