Q3 PRESENTATION / 19 NOVEMBER 2020
Agenda and presenters
- Quarterly highlights
- Business highlights
- Financials Q3 2020
- Outlook
PER HELLBERG
CEO
2
PETER MESSNER
GROUP CFO
2
Quarterly highlights
JULY - SEP 2020
-6%
REVENUE GROWTH YOY
EUR 24.9m
JULY - SEP 2020
48%
ADJUSTED EBITDA MARGIN
JULY - SEP 2020
-3%
ORGANIC SEARCH REVENUE GROWTH YOY
EUR 22.5m
30 SEP 2020
67.4
EURm
NET INTEREST-BEARING LIABILITIES (NIBL)
JULY - SEP 2020
+4%
ADJUSTED EBITDA
GROWTH YOY
EUR 12.0m
30 SEP 2020
1.32
NIBL/ADJUSTED
EBITDA RATIO
3
Business highlights
- Short-termdecline in revenues but increased adj. EBITDA and margin.
- Sports not yet back to pre-Covid-19 levels but steadily increasing.
- Q2 impact of Google update addressed, with most of the affected sites starting to grow again by the end of the quarter.
- Less spend in paid advertising, as fewer events were available, plus unfavourable USD exchange rates had additional negative impacts on revenues.
- Continued strong performance by AskGamblers, Japan and Italy.
-
US Sports showing promising growth compared to previous year but
started later in the quarter due to lack of NFL pre-season games and delayed launch of college football. - Additional states launched in the US.
- Continued increasing investments into US, Latin America and Asia.
- Ongoing operational restructuring in Tech, R&D and BI for efficiency improvements.
-
Continued strong performance in the US and the recent strategic review reveal a bright future."
/ PER HELLBERG - CEO
4
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