Yggdrasil reveals sales growth for Q1
Yggdrasil Gaming has announced that its sales increased by 134% year-on-year to SEK 33.3m (€3.4m/$3.7m) in the first quarter of 2017, up from SEK 14.1m for the same period in 2016.
The game provider’s EBITDA for the first quarter of this year was SEK 13.3m up from SEK 7.9m in 2016.
Mobile gaming made up 52.3% of the company’s total gross game win.
Fredrik Elmqvist, chief executive of Yggdrasil, said: “Even by the high standards we have set ourselves at Yggdrasil, 2017 has kicked off with an incredibly busy and productive first three months.
“We began the year with organisational alterations on both the ordering and supplier side of the operation, with the intention of ensuring the correct foundations are in place to allow us to scale at a pace that matches our ambition, appetite and growth rate.
“Krzysztof Opałka was promoted to the new position of CPO, Andrew Pegler was named CCO Gibraltar and we have also created a number of new positions across all entities.”
Yggdrasil Gaming signed 10 new licence agreements in the first three months of 2017 including with William Hill and its first Italian operator, Bwin.
The company also launched three new games during the first quarter: Beauty & the Beast, Alchymedes and Chibeasties 2.
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