Fortuna raises earnings forecast

Business News

Fortuna Entertainment Group says group´s amounts staked for the full year 2017 are expected to be on the previously communicated guidance of eur 1.9 billion

Ebitda growth in 2017 is expected to be in the range of 135% to 150% compared to the previous guidance of 80 – 95% y/y, capex in 2017 is expected to be on previously communicated guidance range between eur 11-14 million.

Fortuna says main reasons for higher than expected ebitda growth are higher than expected sports book margin in q4, strong performance of underlying indicators.