Aspire Global increases revenues to €18.4m
Aspire Global, traded on First North, reports revenue growth of 14 percent for the first quarter to EUR 18.4 million (16.1). B2B revenues increased by 24 percent.
Ebitda earnings increased to 2.8 million euros (2.6) and the margin was 15 percent (16).Profit after tax from continuing operations amounted to EUR 2.2 million (2.5).The number of new players (FTDs) increased by 28 percent to 69.2 thousand (53.9).
I am happy to present yet another positive quarter with continuous strong organic growth and EBITDA development compared to last year. 2018 started off with the launch of Sportsbook, a major event as the company entered into the largest field of iGaming and became the first provider of a full-service platform solution for casino and sports operators.
The initial response exceeded expectations and we look forward to putting the product to the real test as the World Cup starts in just over a month. Meanwhile, we are exploring a number of M&A-opportunities and increase the focus on Karamba.
After a seasonal, slower start to the first quarter contrasting the strong year-end, volumes rebounded creating a very positive trend that lasted all the way in to the second quarter. We feel confident in reaching solid year-on year growth in line with previous performance, Tsachi Maimon, CEO Aspire Global.