Tag Archives: Stockholm

Better Collective AS has lauded the strong diversification of its media assets, having achieved a record-breaking quarter to close full-year 2022 trading. Publishing its 4th quarter and FY2022 results, the Stockholm-listed media publisher achieved record Q2 revenues of €86m, up 63% on 2021 comparatives of €53m – helping FY revenues stand at €270m (FY2021: €177m).  Headline growth saw Better Collective …

Better Collective AS has upgraded its full-year 2022 guidance as the business hits its primary target of generating $100m from US activities. Publishing a Q4 trading update, the Stockholm-listed media publisher registered group revenues of €86m (+63%). Headline growth mirrors the continued expansion of Better Collective’s US media network, which generated Q4 revenues of €34m (+71%). Period growth reflected “a …

Betsson AB expects to declare record-breaking results for Q3 2022, underlining the continued progress of the Stockholm-listed online gambling group’s diversified global growth strategy. Issuing a trading update, Betsson forecasts Q3 corporate revenues to stand at €199-to-€201m – an outcome that will register “the highest level of revenues ever achieved by Betsson in a single quarter”. Peak revenue performance will …

Catena Media Plc has detailed continued North American strategic progress but warns of multiple European headwinds impacting its earnings results.     Publishing its interim H1 2022 trading statement, Catena registered Group revenues of €74m, up 4% on H12021 comparative results of €71m. Headline growth is maintained as the Stockholm-listed publisher overcomes a tough comparative Q2 trading period which saw group revenues …

Swedish Media reports that Kindred Group faces a high-profile Stockholm legal challenge summoned by fashion designer Per Holknekt.  Yesterday, Expressen.se reported that Holknekt, the founder of online fashion retailer Odd Molly, had filed a Stockholm Tingsrätt (Court District) lawsuit against Kindred Group and its Swedish subsidiary Spooniker Ltd. Holknekt is reported to seek SEK 10m (€1m) in damages, accusing Kindred’s …

Ekobrottsmyndigheten – Sweden’s Economic Crime Authority has launched a preliminary investigation of LeoVegas AB, with regards to insider trading of the Stockholm Nasdaq firm’s company shares. The firm stated that no employee, member in the management team or board member of LeoVegas, has been notified about any criminal suspicion and has no further information to provide at this time. The investigation comes …

Kindred Group Plc remains optimistic of its long-term prospects, as short-term European market headwinds have ‘applied temporary pressure to its headline revenue and profits’.  Publishing its Q1 trading statement (unaudited period ending 31 March), Kindred registered corporate revenues of £247 million, down 31% on corresponding 2021 results of £352 million. A tough opening to 2022 trading saw Stockholm-listed online gambling …

Kambi Group Plc maintains confidence in achieving its 2022 commercial and operating objectives, despite a tough start to year trading.  Publishing its Q1 trading results (period ending 31 March), the Stockholm-listed sports betting technology supplier registered a 15% decline in corporate revenues to €37 million (Q1 2021: €43m). This fall in headline revenues was attributed to Kambi’s adjustment of former …

Betsson AB has debuted its first US market property, launching the Betsafe sportsbook app in the state of Colorado. Entering the US market, Betsson stated that it had built a US-customized sportsbook to support Betsafe’s partnership with Colorado’s Dostal Alley Casino.  The Stockholm-listed online gambling group has opened an office in Downtown Denver and has moved to support its regional …

Betsson AB has confirmed the appointment of Roland Glasfors as Vice President of Corporate Communications, Sustainability and Investor Relations. An expert in IR and CSR disciplines, he joins the firm’s executive leadership team from Stockholm Nasdaq-listed instant payments and open banking systems provider Trustly AB. Glasfors has prior industry experience, having led investor relationships and stakeholder management for NetEnt AB …