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| Land | Malta |
|---|---|
| Lista | Spotlight |
| Sektor | Sällanköp |
| Industri | Betting |
Key Facts for the 3rd Quarter 2019 (1st July 2019 - 30th September 2019)
All time high in Revenues and Profits
All figures are compared to the same quarter last year if not explicitly stated otherwise- Revenues increased by 102.20% to €7,636,436 (€3,776,644).
- EBIT increased by 130.28% to €2,420,802 (€1,051,254).
- EBIT margin of 31.70% (27.84%).
- Customer deposits increase of 188.82% to €20,162,937 (€6,981,253).
- 47,826 new registered customers (26,550), increase of 80.14%.
- 21,721 new depositing customers (8,189), increase of 165.25%.
- Earnings per share of €0.0302 (€0.0136).
- The Group's recent startup, Premiergaming Ltd, operating its ProntoCasino brand, has achieved its first ever quarterly profit in the third quarter 2019, EBIT €192,659, as a result of reducing its marketing spend in Q3, as was communicated in the Q2 2019 Report. Premiergaming represented 27% of the Group's revenues in Q3.
- Premiergaming Ltd has decided to launch a new brand in Q4 2019 in Sweden, focusing on a broad Casino offering, which has already been approved by Spelinspektionen. The launch of the new brand will temporary increase the marketing spending in Q4 compared to Q3 2019, but not as much as in previous quarters. The integration and launch of a Sportsbook for Premiergaming Ltd is planned to H1 2020.
- The average daily Net Gaming Revenue for the 21 first days of October 2019 is 3% higher compared to the average daily Net Gaming Revenue in Q3 2019.
Key Facts for 2019 (1st January 2019 - 30th September 2019)
All-time high in revenues and Profits
All figures are compared to Jan - Sep 2018 if not explicitly stated otherwise- Revenues increased by 77.29% to €20,640,918 (€11,642,282).
- EBIT increased by 31.11% to €4,980,342 (€3,798,867).
- EBIT Margin of 24.13%.
- Customer deposits increased by 159.92% to €53,774,818 (€20,689,339).
- 129,554 new registered customers (91,189), increase of 42.07%.
- 53,069 new depositing customers (24,501) increase of 116.60%.
- Earnings per share of €0.0602 (€0.0492).
Key Performance Indicators (EUR)
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* Definition Active Customers: Customer that wagered at least one bet in the indicated period
** Definition New Registered Customer: A new customer registered in the indicated period
*** Definition New Depositing Customer: A customer that deposited the first time in the indicated period
**** Definition Net Game Win: Real money bets minus real money wins
***** Definition Hold: Net Gaming Revenue / Customer Deposits
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Comments from the CEO
Thomas Kalita, CEO of Angler Gaming, commented: "We are delighted by the result in Q3 and the resulting reversed profit warning that we sent out to the market the 11th of October. Our investments in various fields really paid off in Q3. I would like to point out a few of our focus points:
1. The Group's focus on experienced and talented staff is key to our existing and future success. We continue to perform well when it comes to measurements such as EBIT per employee (EBIT per employee for Q3 only was €89,659).
2. The Group's investment in a modern and scalable gaming platform which the Group fully owns is a unique asset and a competitive advantage since the Group can grow with new brands, products, partnerships and end users at a low marginal cost. The platform also enables effective data-driven CRM.
3. Daily focus on follow-up and actions on important KPIs
4. We continue to monitor and act upon marketing investment in general and particularly for Premiergaming's brands. As a result, its marketing spending in Q3 was reduced and Premiergaming achieved its first ever quarterly profit in the third quarter of 2019, while still having a significant part of the Group's revenues.
The Group is looking forward to launching a new brand in Sweden in Q4 with a more attractive and broader Casino offering. As we do with all our marketing investments, we measure the result of the marketing and, if the marketing works - we invest more, and if it does not work - we look for alternative ways of getting customers. As a result of prioritizing the launch of the new casino brand in Sweden in Q4, the Sportsbook will be added to the Premiergaming brands' portfolio in H1 2020.
In summary, we have a good momentum and we are satisfied with the all-time highs in revenues and profits so far in 2019. Considering that we have all-time high in customer bets in Q3 and a higher customer payout than usual (customers won more in Q3 comparing to an average quarter) we feel extra pleased with the result in Q3 and the start of Q4."
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*Definition of Revenue: `Bet - win - jackpot contribution - bonus cost - loyalty points - manual adjustments user balances'.
**Definition of Cost of Services Sold: - Cost of sales includes: `Payment processing fees to payment suppliers, affiliate expenses, Gaming License fees for products, software licence fees, gaming taxes and affiliate costs'
*** Financial income/expenses consist mainly of income/expenses related to fluctuations in currency rates
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Date and Place for the next Annual General Meeting
The 2020 Annual General Meeting will be held on Thursday the 11th of June 2020 in Stockholm.
Other Information
This report has not been reviewed by the Company's Auditor.
The Q4 2019 report will be published on 18th February 2020.
Malta, 24th of October 2019
Board of Directors of Angler Gaming plc
Enquiries: Thomas Kalita, CEO
Moibile: +356 9966 2000
thomas.kalita@anglergaming.com
ANGLER GAMING PLC (PUBL) IS A MALTESE HOLDING COMPANY LISTED ON THE SWEDISH STOCK EXCHANGE, SPOTLIGHT STOCK MARKET (ANGL), THAT INVESTS IN COMPANIES WHICH PROVIDE GAMING SERVICES OVER THE INTERNET. ANGLER GAMING'S CORE BUSINESS IS TO OWN AND ADMINISTER SHAREHOLDING IN INTERNET GAMBLING COMPANIES.