Aspire Global interim report “paves way to successful 2018”

Aspire Global has described its first quarter 2018 as ‘productive’  following a record full year 2017 performance.

Key performance metrics from the interim report include:

Revenue increase of 14 percent to Euro 18.4 million (Q1/2017: Euro 16.1 million)

24 percent increase in B2B Revenues to Euro 9.7 million (Q1/2017: Euro 7.8 million)

EBITDA increased by 6 percent to Euro 2.8 million

EBITDA margin amounted to 15 percent (Q1/2017: 16 percent)

EBIT amounting to Euro 2.4 million was flat

Earnings after tax from continued operations amounted to Euro 2.2 million, down from Q1/2017’s Euro 2.5 million

Earnings per share after tax from continued operations amounted to Euro 0.04 (Q1/2017: 0.06)

First time depositors (FTDs) increased by 28 percent to reach 69.2 thousand (Q1/2017: 53.9 thousand)

“I am happy to present yet another positive quarter with continuous strong organic growth and EBITDA development compared to last year,” Tsachi Maimon, chief executive officer of Aspire Global, commented.

“2018 started off with the launch of Sportsbook, a major event as the company entered into the largest field of iGaming and became the first provider of a full-service platform solution for casino and sports operators. The initial response exceeded expectations and we look forward to putting the product to the real test as the World Cup starts in just over a month. Meanwhile, we are exploring a number of M&A-opportunities and increase the focus on Karamba.”

Following the successful launch of sportsbook, Maimon said the company will focus on other new verticals, first of which will be game development, an asset he says will be developed into a successful and profitable product and one which provides the company control over additional parts of the value chain.

In related news, the company entered into a new partnership with Aller Media Denmark; a company within Aller Group, and a leading Nordic publisher of weeklies and magazines.

Aller Media Denmark will become one of the first Nordic media houses to add an iGaming offer to its business, Maimon said.

Aspire Global, who has been operating in Denmark for six years, was recently awarded an extension to its gaming license until 2023 and, in addition, has its eye on the Swedish market where it has announced its intention to apply for a concession.

“We continue to focus on the geographic expansion to regulated or soon-to-be regulated markets, as these market conditions enable interesting business opportunities, increased competitive advantages and a more sustainable business for us as a full-service platform provider,” Maimon concluded.

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