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NEWS 20 March 2018

Mr Green makes a splash in Denmark

By Caroline Watson

Mr Green posted its full-year financial results for 2017m with the company benefiting from its entrance into the Danish market.

Last year, the company acquired Dansk Underholdning and after enjoying a “healthy influx” of customers in the territory, the company expects it to become a key market.

Overall revenues hit the SEK1.192bn mark, increasing an incredible 28.9% on 2016’s figure of SEK924.5m. The EBITDA margin grew from 9.9% the previous year to 15.6%, with the share price in 2017 rising by 73.9%.

Mr Green CEO, Per Norman, commented: “Even after the acquisition of Evoke Gaming, Mr Green has a continuously favourable financial position.

“In the spring of 2017, we conducted a directed new share issue of SEK195m before issue expenses. We have an explicitly conservative approach regarding the balance sheet and want to have the scope to be able to manage unexpected situations.

“We have opted for a cautious approach to the tax issue in Austria and made provisions for a high taxation level. The board’s proposal to the AGM of a transfer of SEK1.30 per share to shareholders is confirmation of the strength of our customer offering, our financial position and cash flow.”

RELATED TAGS: Financial | Industry
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