Mr Green revised strategy paying off

Mr Green reported one of its strongest quarters ever in terms of revenue growth, number of active customers and customer deposits in its Q4/2016 and Full Year report, saying its new Mr Green 2.0 business strategy is now starting to deliver results.

Key performance indicators for the 52-week period ending December 31, 2016 include:

– Total revenue increase of 16.6 percent to SEK 924.5 million (2015: SEK 792.6 million) attributed to investment in its platform and Mr Green’s expansion into live casino and sports betting.

– Mobile revenue increased 71.2 per cent to SEK 392.8 million (2015: SEK 229.4 million).

– EBITDA before non-recurring items was SEK 91.4 million (2015: SEK 136.8 million).

– EBITDA margin before non-recurring items was 9.9 percent (2015: 17.3 percent).

– Earnings per share before/after dilution amounted to SEK 0.92 (2015: SEK -0.96).

“2016 was an eventful year that ended with the company being listed on Nasdaq Stockholm’s main market on 30 November,” chief executive officer, Per Norman, said. “The listing is a stamp of quality and a key milestone that we achieved in accordance with our communicated plan.

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