In unveiling its full-year results today (Friday), Mr Green said that EBITDA for 2013 was SEK102.2 million (€11.4 million/$15.6 million) – up from SEK47 million in 2012.
The huge increase was in spite of EBITDA falling year-on-year in the fourth quarter, from SEK26.2 million to SEK18.7 million. Mr Green attributed the fourth-quarter dip in earnings to “increased marketing expenditure, the full benefits of which will be felt in 2014”.
The company also reported a high rate of growth in terms of game win, which surged by 52.1% year-on-year to SEK483.5 million and increased by 35% in the fourth quarter to SEK135.9 million.
“Mr Green’s strategy of continued investment in product development, particularly in the mobile area, and launching the casino in new markets means that we have excellent preconditions to continue to significantly outgrow the market,” Mr Green chief executive officer Mikael Pawlo said.
source : www.igamingbusiness.com
