Strong full year performance from Mr Green Casino
News on 21 Feb 2014
News on 21 Feb 2014
Mr Green, the publicly listed online casino firm founded by former Betsson entrepreneurs, has posted a strong full year 2013 performance, with game win up 52.1 percent to SEK 483.5 million.
Good growth rates in both game win and EBITDA over the full year were reported, with game win significantly larger than FY 2012 at SEK 483.5 million, and EBITDA reaching SEK 102.2 million (2012: SEK 47 million) up 117.3 percent y-o-y.
Fourth quarter performance was also impressive, with game win up 34.9 percent to SEK 135.9 million (Q4-2012: SEK 100.7 million), although EBITDA was down 28.5 percent to SEK 18.7 million (Q4-2012: SEK 26.2 million) due to investment in marketing expenses that should produce beneficial results through 2014.
“Mr Green’s strategy of continued investment in product development, particularly in the mobile area, and launching the casino in new markets means that we have excellent preconditions to continue to significantly outgrow the market, ” said chief executive officer Mikael Pawlo on Friday.
