Evolution reveals revenue, profit increases in 2017

Evolution Gaming has reported year-on-year growth across a number of key financials for the 12 months to December 31, 2017.

Operating revenue came in at €178.4m ($222.7m), which represents a rise of 54% on the €115.5m posted in the previous year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) also hiked 81% year-on-year to €80.6m, while profit jumped from €31.7m to €62.1m.

Earnings per share for the year amounted to €1.73, compared to €0.88 in 2016, while the Evolution board proposed a dividend of €0.90, up from €0.45 in the previous year.

The full-year growth comes after a positive fourth quarter, during which revenue increased 48% year-on-year to €50.7m.

EBITDA in the final three months of the year came in a €22.6m, up 74% on the corresponding period in the previous year, while profit hiked from €9m up to €18m.

Martin Carlesund, president and chief executive of Evolution, said: “Looking back on 2017, it is easy to say that it was an exceptional year in many ways.

“But that does not give us reason to take anything for granted – on the contrary, we must continue to work hard every day to maintain our position in the market.

“On the whole, with new studios and exciting product launches on the cards, we see good prospects to continue strengthening our business in 2018, with a clear focus on profitable growth.”

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