Yggdrasil enjoys strong third quarter

Yggdrasil Gaming’s third quarter report ticks all the boxes delivering strong growth and a robust performance.

Key performance indicators for the three months ending September 30, 2018 include a 62 percent increase in total operating revenues amounting to SEK 71.5 million and an EBIT margin of 27 percent (Q3/2017: 35 percent).

Yggdrasil Gaming founder and CEO, Fredrik Elmqvist, said:  “We continued to fully emphasize our expansional focus by making investments for the future, both in the business and into new products.”

It’s been an eventful quarter for Yggdrasil with the signing of several high-profile customers and their first social gaming partnership in Asia through a deal with Taiwanese operator XSG. In addition, the company has expanded its global footprint following deals with Tipsport in the Czech Republic and Intralot in Italy as well as becoming certified in Spain.

“I am also thrilled to announce that we have signed with ATG and Svenska Spel in Sweden and Veikkaus in Finland after the close of the quarter. We have also established a local presence in the highly important UK market to improve our commercial reach to new candidates for our YGS Masters program,” Elmqvist said.

“With the first nine months of the year behind us I am excited on the opportunities and challenges ahead. We continue to put full emphasize on growth and making investments into the organisation to stay at the forefront as a true industry innovator and to pave the way for our continued journey.”

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