Evolution reveals revenue, profit growth in Q1

Evolution Gaming has reported year-on-year growth across revenue and profit in the three months to March 31.

Operating revenue came in at €51.6m ($36.8m), up 30% on €39.7m in the same period last year.

Profit also increased from €12.7m to €16.5m, while earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 29% from €17m to €22, with a margin of 42.6%.

Earnings per share for the quarter amounted to €0.46, up from €0.35 last year.

Martin Carlesund, chief executive of Evolution, said: “Overall, the first quarter of 2018 has been characterised by growth and profitability in line with our expectations, considering the ongoing investments in both new studios and games.

“We noted a clearly stronger performance at the end of the period, with good growth and earnings, compared with the beginning of the period.

“We have a very intensive period ahead of us with many tables to be delivered and go live.

“With extended studio capacity and new and upcoming game launches, we are increasing our lead over our competitors.”

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