The online gambling operator Mr Green published its financial results for the third fiscal quarter from July to September 2016 in an interim report. The Malta-based company reported a total revenue increase that was considered to be due to the positive impact of its increasing customers base and enlarged product range. Mr Green also revealed that its stable results over the period were also based on the fact that the company has managed to consolidate its position on the foreign markets, too.
The Chief Executive Officer of the company Per Norman said that over the third quarter of the fiscal year the company had kept its focus on the implementation of its new business strategy. Mr. Norman shared that the company’s business was based on five key components – the brand’s reputation and sustainability, its product offering, expansion in new markets, improving customers’ experience and of course, responsible gaming.
Mr. Green’s boss also explained that in 2015 the Malta-headquartered company decided to implement some changes in terms of organisation. In addition, the operator had been focused on a new flexible technology platform‘s development and release.
The casino and gaming operator revealed a 14% increase in its total revenue over the period to SEK 229.9 million. In comparison, the company posted a total revenue amounting to SEK 201.6 over the same period a year earlier.
On the other hand, the earnings before interest, taxes, depreciation and amortisation (EBITDA) declined by 57.5% from SEK 40.8 million in the same quarter a year earlier and reached SEK 17.4 million.
In its interim report released on November 1st, Mr Green also revealed a massive increase in its active customers base. According to the data, revealed in the report, the brand’s active customers rose by 39% to 102,429. On the other hand, the deposit made by the company’s users over the third fiscal quarter also revealed by 21% and reached SEK 687.2.
Over the period from January to September 2016, Mr Green revealed a 11.5% increase in its total revenue. The latter reached SEK 659.6 million. Once, again, there was a decline in its EBITDA before non-recurring items. The earnings decreased by 44.8% from SEK 107.7 million in the same period in 2015 to SEK 59.5 million from January to September 2016.
The company’s Chief Executive Officer also shared that the brand remained strong over the latest fiscal quarter. He explained that the new technology platform and the extended product range which was officially presented in June 2016, came as a confirmation of Mr Green’s stability. At this time, the Sportsbook of the brand was released, so Mr. Norman revealed that the product had received a warm welcome of the company’s customers.
In addition, in September the company took another step to expand its presence on the market, by launching a new live casino that was exclusively adapted for the needs of the brand and its users.
- Author
Olivia Cole
