Published
Online

Catena Media appoints new CFO after 2019 losses

Catena Media has appointed Peter Messner as the group's new CFO, effective from 1 April.

Catena Logo

Messner has extensive experience within the finance and gaming industry, including senior roles at Bwin, while his most recent role was CFO at Swedish media conglomerate Modern Times Group’s MTGx division.

He will replace Erik Edeen, who has served as interim CFO since succeeding Pia-Lena Olofsson in January 2019.

Edeen is credited with rebuilding and transforming Catena’s entire financial structure and will continue to support the affiliate in upcoming strategic projects.

Catena Media CEO Per Hellberg said: "With a well-functioning financial infrastructure in place, due to Erik’s contributions, our playing field is now ready to welcome Peter as CFO.

"His wide-ranging experience in key online media and gaming industries will fortify Catena Media’s operations in the years to come."

The appointment follows Catena reporting a full-year loss for 2019 of €10.5m ($11.9m), with that loss increasing 134% year-on-year. Last month’s financial results also showed a 2% decrease in annual revenue, to €102.8m.

In terms of Q4 2019, revenue was down 3% to €26.6m, with EBITDA decreasing by 2% to €11.8m.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Crown Melbourne
Global Gaming Women
Svenska Spel
MGM Resorts International
Sportsbet
Follow Us

Facing facts: Nevada vs Macau

How is the Nevada gaming market faring against Macau? Gambli...

Taking stock: Kicking off 2025

Gambling Insider tracks online casino operator and supplier...

Responsible gambling: Who is morally, practically and legally responsible?

Within the ethical complexities of gambling, how much onus f...

Account limits: Legality and fairness in the UK

Paul Sculpher, Director of GRS Recruitment and regular Gambl...

Analysing sports betting data from the Australian Open

Sports betting supplier Betby provides Gambling Insider with...

Company profile: Digitain

Discover Digitain: BUILT TO LEAD iGaming Solutions....

Company profile: DS Virtual Gaming

For two decades, DS Virtual Gaming has been at the forefront...

Exploring X Games' move to sports betting

Gambling Insider’s Megan Elswyth speaks to X Games CEO Jer...