Mr Green has been busy!2017-05-27 12:00:00
Maltese company Mr Green has announced their year-on-year growth across financial metrics in the first quarter through to March 31, 2017, whilst the firm has also completed the takeover of Dansk Underholdning.
The companies’ revenue for the first quarter came in at SEK276.1 million (€28.7 million or $31.2 million), which shows an increase of 26.4% on the same period in 2016. Earnings before interest, tax, depreciation and amortisation also jumped 13% to SEK34.2 million with a margin of 12%, compared to 13% in the first quarter of last year. Mr Green also stated that earnings per share for the quarter, amounted to SEK0.53, down on SEK0.68 last year.
In the meantime, Mr Green has finalised its previously announced acquisition of Danish online gaming company Dansk Underholdning.
Whilst the exact details of the agreement were not disclosed, Mr Green said it expects the deal to have a positive impact on earnings per share and the firm's operating cash flow in the 2017 fiscal year. The company has also stated that it plans to launch its online platform in Denmark later this year.
Per Norman, CEO of Mr Green, said: “This is a part of our strategy of expanding into new geographic markets. Since our focus is to expand in locally regulated markets, an establishment in Denmark is a natural step.” The company has also confirmed the appointment of Antoine Bonello as its new Chief Operating Officer.
Bonello's Previous Role
Mr Bonello was previously employed as Director of Integration for PaddyPower Betfair during its recent merger with Draft and has also served as Head of Operations for Betfair’s legacy business. His appointment follows a management rearrangement of Mr Green as it looks to further expand its operations within Europe.
Bonello said “I’m excited to be joining Mr Green at such a pivotal stage. The business has a sound strategy in place and is delivering effectively against this plan. I'm looking forward to bolstering the current growth by enabling the delivery of an entertainment-led customer experience with a focus on efficient execution and scaling up profitably."
Jesper Kärrbrink, who was himself only appointed as Chief Executive of Mr Green in April 2017 said: “I’m very happy to have Antoine on board. He has the perfect profile for a Chief Operating Officer role at Mr Green and he also has the perfect personality to fit in at Mr Green. We are on a journey with a strong focus on growing by offering our customers the most entertaining gaming experience possible and doing this in a safe and responsible environment. Key to success with this is operational experience, hard work and the ability to think outside the box.”
Mr Green has named testing and auditing laboratory NMi Gaming as its new compliance partner. Mr Greens’ Per Norman said: “Finding the right partners that meet our ambitions is part of our overall strategy; NMi is the right partner to support these goals and build consolidation around our obligations.”