Mr Green claims ‘strong’ progress as revenue jumps in Q3

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Per Norman, chief executive officer of Mr Green, believes the company has “laid the foundation to continue to outpace the market”, having achieved a year-on-year jump in revenue during the three months through to the end of September.

Revenue in the period totalled SEK 201.6 million (€21.5 million/$23.3 million), which represents an increase of 19.6% on the SEK 168.5 million posted in the third quarter of last year.

Active customers for Mr Green online casino was up from 66,266 last year to 73,689 in the most recent quarter, while the operator said that sales were up by approximately 20%.

However, Mr Green noted that earnings before interest, tax, depreciation and amortisation (EBITDA) excluding items affecting comparability fell from SEK 42.4 million in the third quarter of last year to SEK 40.8 million this year.

In addition, earnings before interest and tax plummeted from a positive of SEK 28.4 million last year to a negative of SEK 82.7 million in the most recent three-month period.

Norman noted that the figures for the quarter were “impacted by recognition of an amount corresponding to SEK 25.4 million in tax, compared with SEK 400,000 in the year-earlier period”.

read more at igamingbusiness.com

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