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Evolution Gaming Release Financial Report for Jan-Sept 2017

Round Head IconOctober 25, 2017 - CasinoBloke

Leading live dealer provider Evolution Gaming has released its Interim Report for the period between January and September 2017, which has revealed excellent results for the famous gaming company.

Third quarter of 2017 (Q3 of 2016)

  • Operating revenues raised by 56% to EUR 45.7 million (29.2)
  • EBITDA raised by 103% to EUR 21.8 million (10.8), corresponding to a profit margin of 47.7% (36.8%)
  • Profit for the period came to EUR 16.8 million (7.4)
  • Profit per share amounted to EUR 0.47 (0.21)

January-September 2017 (9m 2016)

  • Operating revenues raised by 57% to EUR 127.7 million (81.1)
  • EBITDA raised by 83% to EUR 58.0 million (31.7), corresponding to a margin of 45.5% (39.0%)
  • Profit for the period reached EUR 44.1 million (22.7)
  • Profit per share amounted to EUR 1.23 (0.63)

Activities during the third quarter of 2017

  • Continuous improvement of high growth and margin
  • Investments in new studios in Canada and Georgia
  • Dream Catcher awarded Digital Product of the Year in October

Evolution Gaming Chiefs Delighted with Results

CEO of Evolution Gaming, Martin Carlesund, said that this was a very strong quarter for the company, encouraged by a high level of activity among their clients, especially during the last summer.

According to Evolution statistical data, operating revenues have reached EUR 45.7 million, which corresponds to a rise of 56%, in comparison with the third quarter of 2016.

EBITDA has come to EUR 21.8 million with a profit margin of 47.7%, which is by far the largest profit margin for a quarter. The positive development and high growth in existing studios have continued, and the expansion increased, particularly towards the end of the quarter. Therefore, the cost increase was lower than the company had previously expected for that entire period.

Carlesund also added that considerable growth was noted in almost all of Evolution’s products. Their aim for even stronger advancement reflects in the company’s investments in new studios, which will be opened in Georgia and Canada in the first half of 2018. The studio in Canada will mark their first land-based formation in the out-of-Europe market.

Innovative Dream Catcher Game an Overwhelming Success

The latest Evolution’s release Dream Catcher has already become a success, which is appropriately manifested in the most recent achievement they obtained in October this year. The game was named the Digital Product of the Year at the Global Gaming Expo Center in the casino capital – Las Vegas.

The company is also proud of Dual Play Roulette that is offered to land-based casinos which aspire to digitally expand their brands. Moreover, Evolution launched the Vic for their client Rank Group, and brand-new Dual Play tables at the famous London casino and at Genting’s Resorts World in Birmingham.

Last but not least, Evolution Gaming has signed an agreement with the biggest regulated operator from Bulgaria – National Lottery AD. According to the reports from the operator, by the end of this year, they plan to establish a full Live Casino Service.

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