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NEWS 22 February 2019

Fortuna CEO one of two nominations to join Catena Media board

By Tim Poole

Fortuna Entertainment Group CEO Per Widerström and ICA Handlarnas Förbund CFO Göran Blomberg have been nominated to join the Catena Media board.

Ahead of the affiliate giant’s 2019 Annual General Meeting on 2 May, current board members Henrik Persson Ekdahl and Andre Lavold will not stand for re-election, due to Optimizer Invest’s reduced shareholding in Catena.

In their place, Catena’s nomination committee intends to propose the election of Blomberg and Widerström.

Blomberg boasts over three decades of operational experience, while Fortuna CEO Widerström has led companies within entertainment and gaming for more than 15 years.

Earlier this month, Catena published its financial report for 2018, which showed a 55% increase in full-year revenues to €105m ($119m).

EBITDA also rose by 47% to €47.8m, corresponding to an EBITDA margin of 46% - a 2% fall from its 2017 margin.

Net cash generated from operating activities was €40.7m, while the number of new depositing customers and earnings per share both grew by 40%, to 539,475 and €0.56 respectively.

RELATED TAGS: Industry | Affiliate
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