Mr Green details Q1 growth, finalises acquisition
Mr Green has announced year-on-year growth across key financial metrics in the three months through to March 31, 2017, while the firm has also completed the acquisition of Dansk Underholdning.
Revenue for the first quarter came in at SEK276.1 million (€28.7 million/$31.2 million), which represents an increase of 26.4% on the same period in 2016.
Earnings before interest, tax, depreciation and amortisation also jumped 13.4% to SEK34.2 million with a margin of 12.4%, compared to 13.8% in Q1 of last year.
However, Mr Green also noted that earnings per share, before and after dilution for the quarter, amounted to SEK0.53, down on SEK0.68 last year.
Meanwhile, Mr Green has completed its previously announced acquisition of Danish online gaming company Dansk Underholdning.
Terms of the agreement were not disclosed, but Mr Green said it expects the deal to have a positive effect on earnings per share and operating cash flow in 2017.
The company added that it intends to launch its platform in Denmark later this year.
Per Norman, chief executive of Mr Green, said: “This is a part of our strategy of expanding to new geographic markets.
“Since our focus is to expand in locally regulated markets, an establishment in Denmark is a natural step.”
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