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Kurs & Likviditet
Beskrivning
| Land | Malta |
|---|---|
| Lista | Spotlight |
| Sektor | Sällanköp |
| Industri | Betting |
Q3 2023: Revenues increased 21.55%, EBIT increased 47.64%. First 9 months 2023: Revenue increased 25.47%, EBIT increased 547.76%
Key Facts for the 3[rd] Quarter 2023 (1[st] July 2023 - 30[th] September 2023)
Revenues increased 21.55% and EBIT increased 47.64% in the 3[rd] quarter
All figures are compared to the same quarter of last year if not explicitly stated otherwise- Revenues increased by 21.55% to €10,326,599 (€8,495,464).
- EBIT increased by 47.64% to €1,093,543 (€740,675).
- EBIT margin of 10.59 % (8.72%).
- Customer deposits increased by 10.94% to €18,515,913 (€16,690,028).
- 55,204 new registered customers (50,684), increase of 8.92%.
- 16,840 new depositing customers (13,562), increase of 24.17%.
- Net profit increased by 84.48% to €521,297 (€282,573).
Earnings per share of €0.0070 (€0.0038).
Premiergaming Ltd, the Group's subsidiary focusing on Northern Europe, represented 7.1% of the Group's revenues in Q3 2023.
Trading update Q4 2023
The trading update is an indication how the fourth quarter has started, it is not a revenue forecast for the quarter.
The average daily net gaming revenue in the fourth quarter 2023 up until and including 14th of November was 36% higher than the average daily net gaming revenue of the full fourth quarter 2022.
Events during Q3During Q3 2023 the Group continued to invest its existing resources into state-of-the-art functions and features, resulting in a continued competitive, cost effective and user-focused fully owned proprietary I-Gaming platform with a high end-user entertainment value.
The increased focus on cost control continued in all areas. The increase of Cost of Sales in the quarter is a result of the growth-dependent variable royalty fees to suppliers and a higher investment in new depositing customers in the quarter (16,840 new depositing customers in the quarter compared to 13,562 new depositing customers in Q3 2022).
The Group relatively new Sportsbook Business Area showed a small profit in Q3, although the revenues are still immaterial.
The repayment of the short-term unsecured borrowing of €1,000,000 obtained last year had started in the quarter, with €150,000 in repayments having been made during and after the quarter. The remainder of the loan is expected to be repaid in Q4 2023 and H1 2024.
The new B-to-B partnership, announced earlier, has been soft launched and started to contribute to the Group's revenues.
One of the Group's subsidiaries surrendered its Isle of Man B-to-B license due to changed priorities from a B-to-B client resulting in the project not going live.
The Group's venture in the field of affiliate marketing for South American markets, where the Group owns 80% and the local party owns 20%, shows continued growth in important KPIs, although still immaterial.
Key Facts for 1[st] January 2023 - 30[th] September 2023
Revenues increased 25.47% and EBIT increased 547.76% in the first 9 months in 2023
All figures are compared to the same period of last year if not explicitly stated otherwise- Revenues increased by 25.47% to €29,213,460 (€23,283,328).
- EBIT increased by 547.76% to €3,271,958 (€505,121).
- EBIT margin of 11.20% (2.17%).
- Customer deposits increased by 9.51% to €53,804,131 (€49,129,711).
- 139,568 new registered customers (216,577), decrease of 35.56%
- 37,985 new depositing customers (41,091), decrease of 7.56%.
- Net profit increased by 306.38% to €1,888,332 (-€914,970).
- Earnings per share of €0,0251 (-€0.0122).