Mr Green, or as it is known from today, MRG, will be talking through its associated new profile and projections.
The new group name, mission and goals are because, MRG says, they reflect its profile as a high growth digital group.
At its Capital Markets Day, today from 1pm to 5pm CET at the Epicenter, Stockholm, Sweden, the firm will host a series of sessions where it expands on its re-branding. Included among the speakers will be CEO Per Norman who will speak on strategy for 2020, Antoine Bonello, COO of Mr Green, on operations, and product and customer advocate, Henrik Stridsman, will speak on esports.
Financially, MRG will guide on its expected revenue growth of at least 40 per cent for this year with an EBITDA margin of about 15 per cent.
In the period from April 1 to May 22, MRG’s revenue has increased by over 40 per cent compared with the same period in 2017. Customer deposits have increased by more than 60 per cent in the same period.
In line with MRG’s new financial targets, the group is expecting to achieve annual growth of 25 per cent by 2020. Beyond this, MRG is expecting annual organic growth above the European igaming market. It expects its EBITDA margin to be 15 per cent from 2020 going forward.
Other highlights to be discussed are the dividend policy which will remain unchanged, the esports ventures with Green Jade Games and Gamingzone Entertainment and also the domain name change to mrgroup.com.
”MRG is a digital, high growth company with a significantly broader operation with more brands and larger geographical presence than a year ago”, said Per Norman, MRG CEO. “We invest in new innovative digital areas within igaming and esports. MRG is reflecting our vision: ‘Shape the future of the igaming industry’.”
MRG has also paid €2.8m to take a 75 per cent stake in Latvian gaming operator 11.lv as part of a push in the Baltic region, where igaming grew by 45 per cent in 2017.
”This is a major step in our strategy to expand into locally regulated markets”, says Norman. “We foresee excellent growth opportunities for our strong Mr Green and Redbet brands also in the Baltics.”
