Per Norman, chief executive of Mr Green, has said that he expects the company to secure more revenue from locally regulated markets after achieving significant year-on-year growth during the three months through to June 30.
Revenue in the first half totalled SEK194.8million (€20.7 million/$23.1 million), up from SEK161.4 million in the opening six months of last year.
Earnings before interest, tax, depreciation and amortisation (EBITDA) was also up from SEK38.5 million to SEK42.5 million, while earnings before interest and tax remained relatively level at SEK25 million.
Earnings per share before dilution were down slightly to SEK0.56, but the operator did note a jump in active customers from 63,110 to 73,279.
Mr Green’s performance in the second quarter also boosted its revenue for the six months through to June 30, up from SEK315.5 million in the first half of 2014 to SEK390 million this year.
However, the operator did note a drop in EBITDA, which fell from SEK75.5 million to SEK66.9 million, with EBIT also dropping from SEK50.8 million to SEK29.9 million.
Earnings per share before dilution in the first half also fell from SEK0.69 to SEK1.30.
“Mr Green continued to outgrow the market, while an intensified focus on cost control and more effective marketing also resulted in a 10.5% improvement in EBITDA,” Norman said.
“It is gratifying that we could guide the operations towards regulated markets to a greater extent during the quarter.
“This is a priority since it reduces risks and increases the predictability of our operations.
“Mr Green was granted a local gaming licence in the UK at the end of the quarter.
“The UK now becomes the second market after Italy in which Mr Green has obtained a local licence.
“We expect our share of revenue from locally regulated markets to increase significantly in the next few years.”
source : www.igamingbusiness.com
