Publishing its results for 2017, Evolution Gaming has described its performance for the year as “exceptional.”
The live casino specialists posted revenue increase of 54%, up from 2016’s figure of €115.5m to
€178.4m. As well as this the group also increased its EBITDA by 81% in 2017, rising from €44.6m in the corresponding results.
Evolution’s CEO Martin Carlesund commented: “Looking back on 2017, it is easy to say that it was an exceptional year in many ways. But that does not give us reason to take anything for granted – on the contrary, we must continue to work hard every day to maintain our position in the market.
“On the whole, with new studios and exciting product launches on the cards, we see good prospects to continue strengthening our business in 2018, with a clear focus on profitable growth.”
The results were heavily aided by a strong fourth period that saw the group’s revenue go up by 48 per cent to €50.7m, with overall profits for Q4 getting posted at €18m.
The year also marked continued expansion for Evolution, something that will have inevitably played a key factor in the live casino nearly doubling its annual revenue. Looking ahead, the group has not only outlined its intentions to continue product growth, but also to expand with a live casino in the region of Georgia in the middle of the year.
