This site contains commercial content

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.

Dansk Developments

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.