“Yet another record year for LeoVegas with a strong close,” said Gustaf Hagman, group CEO of the igaming company.
Revenue increased by 13 per cent to €98.4 m with organic growth in local currencies increasing 14 per cent.
Adjusted EBITDA was €11.5m corresponding to an adjusted EBITDA margin of 11.7 per cent with the number of depositing customers increasing by 24 per cent to 461,983.
LeoVegas was the first company in the gaming industry to offer payments via Open Banking. During the quarter the group’s unique and record-large jackpot was launched under the name LeoJackPot.
A preliminary revenue in January amounted to €32.5m, representing growth of nine per cent with the board of directors proposing a raised dividend totalling SEK1.60 per share, an increase of 14 per cent, to be paid out on four occasions during the year.
Hagman added: “LeoVegas concluded the record year 2020 with its strongest fourth quarter ever. And we did this despite frequent changes to the gaming requirements in our markets in addition to finding ourselves in the midst of a global pandemic.”
