Fortuna cites investments as financials rise in 2017

Fortuna Entertainment has paid tribute to its ongoing investment strategy after reporting year-on-year growth across key financials in 2017.

Gross win for the 12 months through to December 31, 2017, came in at €305.4m ($376.4m), which represents an increase of 87.4% on the previous year.

Total consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rocketed 148.1% year-on-year to €55m, while net profit also jumped 86.4% to €15.4m.

Fortuna also noted that its customers across Croatia, Czech Republic, Poland, Romania and Slovakia staked a total of €2bn, up 93.1% on the total wagered in 2016.

Per Widerström, chief executive and chairman of the management board at Fortuna, said: “The strong preliminary financial results for 2017 reflect our growth strategy with investments into operational excellence, new platforms and regional expansion.

“Thanks to that, we recorded a substantial growth in all reported key indicators.”

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