SBC News Mr Green & Co posts 39% revenue growth for 2014

Mr Green & Co posts 39% revenue growth for 2014

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Mr Green & Co Chief Executive Officer Mikael Pawlo

iGaming operator Mr Green & Co reported a revenue hike of SEK 484.2 million (£41.2 million) up 39% on 2013 SEK 347.6 million (£29.5 million) for its 2014 financial performance to date.

Mr Green & Co presented its corporate performance for Q3 2014, with the company recording improved gaming Q3 revenues of SEK168.5 million (£14.1 million) up 35% on SEK124.1 million Q3 2013 performance.

The improved gaming revenues, transferred to the operator posting an improved Q3 2014 EBITDA of SEK 42.4 million (£3.7 million) up 35% on Q3 2013 EBITDA SEK31/5 million. Mr Green & Co would post a corporate EBITDA of SEK117.9 million (£10.1 million) for its 2014 performance to date.

The operator had seen increased wagering in both its Nordic and European focused business divisions (please see table below). Senior management stated that the operator would continue to grow its business capacities outside of core Nordic markets, as it looks to extend European coverage and market share for its Mr Green casino brand.

Senior management expressed that its operational and marketing strategies were proving affective as its igaming products were increasing revenues, whilst keep marketing spend relatively low. The operators senior management further stated that it was confident of hitting all of its 2014 corporate targets.

Mr Green & Co Chief Executive Officer Mikael Pawlo commented on company performance

“Mr Green online casino continued during this quarter to significantly outgrow the market, implying that Mr Green is continuing to capture market share. In the third quarter of 2014, we increased game win and other revenue by a full 35.8 per cent”

“This may be compared with the European casino market, which is forecast to grow by 13 per cent during 2014. The basis for our rapid growth is that we offer players an attractive, secure and safe gaming experience. That is why they come back to Mr Green”

Mr Green & Co Q3 2014 Performance Overview

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