Live dealer betting firm Evolution Gaming has released its fourth quarter and full year 2015 financial results, noting that the company had a record-setting year.
"Evolution ended the record year 2015 with another quarter of strong growth. EBITDA for the fourth quarter amounted to EUR 9.3 million, corresponding to a margin of 42%. Expenses amounted to EUR 14.9 million, driven by the continued high rate of recruitment needed to meet the considerable demand for our services. For the full-year, EBITDA excluding IPO expenses was EUR 31.0 million with a margin of 41%," said Evolution CEO Jens von Bahr.
The company's fourth quarter 2015 financial results were:
Revenues increased by 62% to EUR 22.4 million (13.8)
Profit for the period amounted to EUR 6.9 million (3.8)
Earnings per share amounted to EUR 0.19 (0.11)
Adjusted EBITDA increased by 68% to EUR 9.3 million (5.5), with a margin of 42% (40)
Mobile penetration amounted to 32% (17)
Full year financial results were:
Operating Revenues of €97.6 million
EBITDA of €40.3 million
Adjusted Profits of €3.23 million.