Live Dealer Group Evolution Posts First Quarter Growth

Live dealer casino game specialist Evolution Gaming has announced their first quarter 2018 financial results, revealing 30% growth in gaming revenues.

Key financial indicators for the period ending March 30th, 2018 were:

• Operating revenues of €51.6 million, up 30% from the same period last year.
• Profits up to €16.5 million.
• EBITDA up 29% to €22 million with margins of 42.6%.
• Earnings per share of €0.46, up €0.11 from last year.

Commenting on his company's performance Evolution CEO Martin Carlesund said, "Overall, the first quarter of 2018 has been characterised by growth and profitability in line with our expectations, considering the ongoing investments in both new studios and games.

"We noted a clearly stronger performance at the end of the period, with good growth and earnings, compared with the beginning of the period.

"We have a very intensive period ahead of us with many tables to be delivered and go live.

"With extended studio capacity and new and upcoming game launches, we are increasing our lead over our competitors."