Enlabs Posts Positive Fourth Quarter Financials

This story was published more than 3 years ago.

Casino gaming operator Enlabs has posted their fourth quarter and full-year 2019 financial results, noting that revenues during the period were 25.3% higher than last year.

Key financial indicators for the period ending December 31st, 2019 were:

  • Full-year revenues up 29.4% to €39.6 million
  • iGaming revenues up 36.3% to €36.4 million
  • Media revenues down 20% to €2.1 million
  • B2B revenues down 14.8% to €1.1 million
  • Revenue-related expenses were €10.9 million
  • Operating expenses were up to €17.2 million
  • EBITDA up 25% to €11.6 million
  • Fourth-quarter revenue was at €11.2 million

Enlabs CEO Robert Andersson said that he was thrilled at the results, and noted that Lithuanian growth was out front. He also noted that there were areas that could be improved upon. "Key to this growth were our casino products, and it was especially gratifying that Lithuania contributed so strongly to overall growth," he said.

"It is our responsibility to secure the margins, and we will make sure to improve them substantially during the first quarter of 2020."

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.