Raketech’s hails “significant organic growth”

Affiliates

Raketech, which operates affiliate services is and listed on First North at the end of June, reported revenue of 6.0 million euros (4.3), an increase of 41 percent. Organic growth was up 24.5 percent.

The adjusted operating profit was EUR 2.9 million (2.4).

I am pleased to present a quarter with high activity levels and a continued good return from our operating model with growth within Core, Lab and M&A. Revenues for the second quarter amounted to EUR 6.0 million, an increase of 41.3%, of which 24.5% was organic, compared with 7.7% in the corresponding period last year. Adjusted EBITDA amounted to EUR 3.2 million, with an adjusted EBITDA margin of 53.7%.

This was a very exciting process, in which we encountered great interest in our business model and strategy. As a public company, our operations are further professionalised, and we are already seeing positive effects in conversations with both business partners and potential acquisition candidates. From a stock market perspective, our focus is on generating long-term shareholder value by delivering on our strategy and financial objectives.

I have great faith in the continued development of Raketech’s role in the value chain, and our capabilities to be a driving force within the gaming industry. Our agenda is busy in this regard and I look forward to an intensive remainder of 2018. said CEO Michael Holmberg.

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