Evolution Gaming releases half-year report

Live dealer and technology provider Evolution Gaming has turned in another impressive half-year report covering the year to end June 2017 and flagging the following highlights:

Q2-2017 KPIs:

* Operating revenues up 56 percent y-o-y at Euro 42.3 million (27.1);
* EBITDA up 81 percent to Euro 19.2 million (10.6), corresponding to a margin of 45 percent (39);
* Profit for the period amounted to Euro 14.6 million (7.6);

The first half of 2017:

* Operating revenues up 58 percent year-on-year to Euro 82 million (51.9);
* EBITDA up 74 percent to Euro 36.3 million (20.9), corresponding to a margin of 44 percent (40);
* Profit for the period amounted to Euro 27.4 million (15.3);

CEO Martin Carlsund reported:

* Strong and steady growth in all products;
* Gaming revenues generated on the mobile platform exceeded 50 percent for the first time in Q2-22017;
* Sales rose by 56 percent in Q2;
* Strong results driven by high growth among existing customers and in existing environments, supported by improvements in efficiency;
* Company is prepared for an intense period ahead in terms of expansion into new environments;
* Innovative and non-traditional games like Dream Catcher have proved very popular with live dealer players;
* Land operator interest in convergence product Dual Play Roulette – a bridge between online and real-life play;
* Landmark deal with the Netherlands’ largest gaming operator Nederlandse Loterij, which runs a variety of game types and brands in the market;
* In June, Evolution moved from First North to the main market at Nasdaq Stockholm;
* Evolution has been given permission to establish its next major studio in Tbilisi in Georgia.

Related and similar