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Evolution Gaming Releases Full Year 2015 Financials

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.