[ad_1]
The general manager, Gustaf Hagman, writes in the interim report that the financial goals of the Leo Vegas mobile gaming operator are more ambitious now than when they were set up this spring
"While one of our major markets is currently undergoing a change that is putting pressure on growth in the short term, I want to repeat our financial goals for 2020, with a turnover of over $ 1 billion. minus EUR 600 million and an ebitda of at least EUR 100 million .These objectives are certainly more ambitious than today We have released them this spring but we see good opportunities to achieve this, "writes the CEO.
According to Gustaf Hagman, Leo Vegas still has "a very strong position in the UK with a number of strong brands, and has a good chance of starting to grow sequentially after last quarter's compliance focus."
"We hope to increase our market share in Sweden after the reorganization, as the total customer experience and the responsibility for the game will increase.We also have a number of markets that are starting to grow and develop strongly, all likely to become the largest market in Leo Vegas "writes the president.
The revenue of the mobile game operator Leo Vegas has increased by 29%, reaching 26.6 million euros in October.
"The UK has a major impact on the third quarter and October numbers, while most other major markets are showing good growth," writes the company, which continues:
"The current combination of increased marketing and improved products has had a good initial impact, with a 25% increase in October compared to September and good profitability."
Historically, the fourth quarter grew stronger at the end of the period, as December is generally the month with the strongest customer activity, he reminds the company.
"I am confident that our growth initiatives and focus on the casino will bring us back to the strong growth we have experienced in the past, offering us good opportunities to create long-term, sustainable growth for our shareholders," writes the company. society.
Leo Vegas reports ebitda earnings of 9.0 million euros for the third quarter of 2018. According to the Bloomberg Consensus, the expectation was 12.8 million euros, with up to 12.8 million euros. to seven analysts.
Revenues amounted to 78.6 million euros, compared with 83.1 million euros.
Organic growth in local currency was 7.5%. Organic growth in local currencies excluding closed markets in 2017 was 14%.
The number of depositing customers was 318,189, an increase of 57%. The number of new depositing customers was 140,552, an increase of 45%.
[ad_2]
Source link
