LeoVegas reports 12 increase in Q3 revenue

LeoVegas has reported revenue of €99

LeoVegas has reported revenue of €99.4m ($114m) for the third billet of 2021, a 12% increase from the prior-year period.

Organic ontogenesis inward local currencies was 8%, while, excluding Germany, revenues increased past 31%. Net Gaming Revenue (NGR) from regulated markets and markets inwards which the chemical group pays local gaming taxes was 66% of come NGR, spell EBITDA was €11.5m, with an Earnings Before Interest Taxes Depreciation and Amortization margin of 11.6%.

The keep down of depositing customers increased past 7% to 469,721.

Highlights for the billet include the radical expanding its existing draw together issuing by SEK 200m, and repurchasing shares for €2.5m and paying out the back dividend of a tot of quaternary every quarter dividends to the parent company’s shareholders.

“All cay markets performed fountainhead during the quarter, where our nursing home marketplace inward Kingdom of Sweden was the brightest star,” said Gustaf Hagman, LeoVegas President and CEO. “The favourable revenue maturation for the grouping confirms that the strategy to simultaneously graduated table upward a keep down of markets and relaunch the Expekt brandmark has been a success.

“The accompany today is more diversified than ever, and we get succeeded inward compensating for the sharp-worded free fall in revenue in Germany. During the billet we delivered a stalls operating benefit compared with a yr ago, despite a tart step-up inwards paid gaming taxes and higher marketing investments inward recounting to revenue compared with a year ago.

“In rate with growing revenue, the divvy up of marketing investment funds is expected to gradually diminish from the electric current levels. At the same time, we get continued to adorn inwards mathematical product and technology before of forthcoming market expansions, including the upcoming US launch.”

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