July -
· Operating revenue amounted to
· Organic search revenue amounted to
· New Depositing Customers (NDCs) totalled 94,710 (99,435), a decrease of 5 percent.
· Adjusted EBITDA increased by 4 percent and totalled
· EBITDA, including a reversal of exceptional costs of
· Net cash generated from operating activities decreased by 9 percent and amounted to
· Earnings per share amounted to
· Cash and cash equivalents amounted to
· Net interest-bearing liabilities (NIBL) amounted to
January -
· Operating revenue amounted to
· Organic search revenue amounted to
· New Depositing Customers (NDCs) totalled 318,565 (323,423), a decrease of 2 percent.
· Adjusted EBITDA increased by 23 percent and totalled
· EBITDA, including exceptional costs of
· Net cash generated from operating activities increased by 28 percent and amounted to
· Earnings per share amounted to
· Cash and cash equivalents amounted to
· Net interest-bearing liabilities (NIBL) amounted to
Financial targets and reviewed strategic direction
for the period 2021-2025
Based on the board's strategic review
Financial Targets:
·
Profitable double-digit organic growth annually over the period, with the US being the core growth driver.
· Operate on a net interest-bearing debt/adjusted EBITDA interval of 0-1.75.
Strategic direction:
·
Net cash generated from operating activities estimates to be in the interval of
· The Board's ambition is to propose a quarterly based dividend of
· The company foresees a continued strong demand for iGaming affiliate services, especially within regulated markets.
· The US business will be a core revenue driver, supported by continued geographical expansion into
· No further investments will be made in the Financial Services segment.
· The company will positively evaluate investments into M&A's to further strengthen its position in strategic markets.
· The company will refinance the existing bond in 2021 with financing terms adapted to the new lower debt/equity ratio.
"Continued strong performance in the US and the recent strategic review reveal a bright future."
Per Hellberg, CEO
Key Takeaways for the third quarter 2020
·
·
Increased adjusted EBITDA by 4% to
· Total revenues decreased by 6% with organic search revenues decreasing by 3% as reduced PPC spend only impacted paid revenues. New Depositing Customers (NDCs) decreased by 5%.
· The Sports segment has been impacted by Covid-19 and started to grow back during the quarter as sport events returned.
· The European legacy Casino segment has experienced negative impacts from the
· The Casino businesses in
· The US iGaming business has been developing well with double-digit growth and represented 30% of the Company's total revenues during the third quarter.
· Continued high investments into the US market to maintain our dominant No.1 position.
· The business and organisation successfully adapted to continuous challenges from Covid-19 impacts around the globe.
For further information, please contact:
Per Hellberg, CEO,
Phone: +46 709 10 74 10, E-mail: per.hellberg@catenamedia.com
Phone: +46 768 95 26 93, E-mail: peter.messner@catenamedia.com
Åsa Hillsten, Head of
Phone: +46 700 81 81 17, E-mail: asa.hillsten@catenamedia.com
This information is information that
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