Mr Green, an ambitious distributor of online casino games and a subsidiary company of the Scandinavian Mr Green & Co, has just announced its 3Q financial report for 2014. It appears that both turnover and EBITDA of the gambling provider rose between July 1 and the last day of September.
The overall turnover of the company for the past three months added up to SEK168.5 million, which equals to approximately $14.4 million. In other words, its revenue increased by the impressive 35.8% as opposed to last year’s SEK124.1 million.
Mr Green’s earnings before interest expenses, taxes, depreciation, and amortization were subtracted amounted to SEK42.4 million for the past three months. In comparison, the company posted EBITDA of SEK31.5 million this time last year.
A significant growth can also be noticed in the earnings per share. They rose by SEK0,27 in this third quarter of 2014, reaching SEK0.76. The company can also boast of a total of 66,266 active online casino players.
Due to the excellent 3Q financial performance of Mr Green, the casino provider acquired a total of SEK484.2 million in the past nine months. This time last year, the company announced profits of SEK347.6. Mr Green’s earnings before the subtraction of interest expenses, taxes, depreciation, and amortization rose by 41.3% between January and September and added up to SEK117.9. There was also a considerable rise in the undiluted earnings per share. They increased from SEK1.46 in the first three quarters of 2013 to SEK2.06 during this year’s 3Q.
Mikael Pawlo, managing director of the aspiring company, commented that he was particularly happy with the positive financial results of their online casino platform. He shared that Mr Green strived and managed to offer a product that corresponded to what its customers were looking for. He also considered it important to note that the company was planning to keep on expanding internationally and to maintain its stable position on the market as well as its impressive financial performance.
Pawlo promised that Mr Green will further focus on developing “entertaining and exciting games”, intended for players, located in different countries and regions. What is more, it turns out that the “ local adaptations” that need to be made are not particularly costly. This means that the company will not have to invest considerable amounts of money, in order to improve its platform. And this will additionally contribute to its “healthy profitability”.
Last but not least, Mr Green’s CEO shared that they would also like to focus on developing mobile applications, in order to maintain their firm position on the market.
About the Company
As already mentioned, Mr Green Ltd. offers to its customers an online casino platform. The company is based in Silema, Malta and is, therefore, regulated by LGA, the local regulatory body. Mr Green launched its product in 2008. Currently, it provides its players with a wide variety of games in seven languages. It belongs to the larger Mr Green & Co company, which is based in Sweden.
