Mr Green & Co posts strong first half to 2014

Stockholm listed Mr Green & Co, published their interim performance report for the opening six months of 2014. The performance of its online casino, Mr Green saw a continued increase in period revenues totalling  SEK 316.0 million (£27.5 million / €34.4 million), representing an increase of  41.4% on corresponding 2013 performance.

Improved  gaming revenues saw Mr Green & Co published EBITDA  interim earnings of SEK 75.5 million (£6.5 million / €8.1 million), up 45% on corresponding 2013 performance.

Key performance drivers were attributed to continued growth in the European online casino market, which contributed 45.5% of gaming revenues for the period – SEK 143 million (€12.5 million/€15.1 million) for the first half of 2014.

The operator also sustained its performance in the Nordic igaming market, with the region contributing gaming second quarter 2014 revenues of SEK 171 million (£14.9 million / €18.06 million)

After reviewing corporate performance,  Mr Green & Co’s board sanctioned the transfer of SEK 46 million  (£4.05 million / €5.02 million) as dividend to shareholders.

Mr Green & Co CEO Mikael Pawlo commented on 2014 first half performance

“We feel that it is strategically important that we are not solely dependent on the Nordic region or any other region”.

“Our product means that we are able to offer customers entertaining and exciting games irrespective of country and region, and the local adaptations required are relatively small, which means that we are able to expand under high profitability and with limited risk”.

Performance Overview