Microgame Group claims highest operating profit in five years

Microgame Group has cited improved management and overall growth of the business as the main reasons behind a year-on-year increase in turnover and operating profit during the 12 months through to December 31, 2015.

Gross consolidated turnover in the full year totalled €339.6m ($378.1 million), which represents an increase of 63% on the previous 12-month period.

Revenue jumped 31% year-on-year to €27 million, operating profit came in at its highest level for five years, while gross group margin increased by 44% to €10.3 million.

In addition, the online gaming services provider was able to bring in 19 new staff in the past year, boosting its total number of employees to 114.  

Marco Castaldo, general manager at Microgame, said: “We reached our targets and, more importantly, we have invested for the future, to consolidate our leadership in the industry: the market outlook is for growth but complexity and competition are also on the rise.

“There is no room for players who cannot sustain the necessary investments. Microgame Group is solid and profitable and we are ready to exploit consolidation opportunities.

“Continued growth in the first two months confirms the acceleration of the last quarter of 2015 and tells us we are on the right track.”