Evolution Gaming’s interim report has shown third quarter revenues increase by 41 per cent.
EBITDA went up by 28 per cent to €28m corresponding to a margin of 43.5 per cent and profit for the period amounted to €21.2m. Earnings per share amounted to €0.59.
The figures were stimulated by higher than expected growth in the number of tables, the launch of a new studio in New Jersey and expansion in Malta planned for 2019.
CEO Martin Carlesund commented: “The third quarter of the year exhibited continued high demand and good growth. Revenue amounted to €64.3mn, corresponding to an increase of 41 per cent compared with the third quarter of 2017. EBITDA amounted to 28.0 million with a margin of 43.5 percent. The margin was impacted by a faster- than-expected growth in the number of tables. We had approximately 500 tables live at the end of the quarter and we expect continued high expansion going forward. We further expect the margin to improve somewhat in the fourth quarter, while the full year number will be in the lower end of our earlier expectations.
“With little more than two months of 2018 remaining, we can soon look back at a year that in many ways will be historic for Evolution; not least thanks to our expansion outside Europe. This year, we have also passed the 5,000 employee mark in the group, which is a great achievement. To find the right talents requires time and resources, and I am very proud of all the efforts that are being made in this area.
With all the above being said, Evolution continues on its course to strengthen its leadership in the market by providing the very best products and services that one may find. I, together with all our employees, look forward to our continued progress with confidence.”
