Third quarter of 2022 (Q3 2021)
- Operating revenues increased by 37.1% to
EUR 378.5 million (276.0) -
EBITDA increased by 35.3% to
EUR 261.0 million (192.9), corresponding to a margin of 69.0% (69.9) -
Profit for the period amounted to
EUR 221.3 million (157.4) -
Earnings per share amounted to
EUR 1.04 (0.73)
January-September2022 (9M 2021)
- Operating revenues increased by 36.5% to
EUR 1,049.3 million (768.5) -
EBITDA increased by 38.1% to
EUR 728.9 million (527.7), corresponding to a margin of 69.5% (68.7) -
Profit for the period amounted to
EUR 619.9 million (433.9) -
Earnings per share amounted to
EUR 2.91 (2.03)
CEO's comments
We delivered a strong revenue growth in the third quarter of 2022. Total revenues amounted to
Total RNG revenue increased by 11 percent compared to last year, including the acquired Nolimit City business, comparing to pro-forma figures growth year-on-year is 2 percent. This is not yet satisfactory. We have delivered too few slot games during the past period, however we remain fully committed to the target of double-digit growth. We continue to see great potential in OSS and are now focusing on accelerating rollouts. On the road to double digit growth, we will continue to see fluctuating quarterly performance, as earlier stated the development will not be a straight line.
We completed the acquisition of Nolimit City during the quarter and the acquisition is fully consolidated in the third quarter. Operations have started off strongly, but it is worth noting that the double-digit growth target for RNG is set excluding Nolimit City. As already communicated, the acquisition was financed through our cash flow and highlights our financial strength. Our very strong balance sheet, with no debt, is in the current unstable macro environment an even stronger asset.
End-user entertainment, satisfaction and preference are always the most important factors for any game we create. We always go the extra mile to create something exceptional to the end-users and I am very satisfied with the product rollout of Live 2022. Our game shows continue to attract players, and in this quarter, we introduced a bingo-style live game show called MONOPOLY Big Baller, also new in this quarter is Crazy Coin Flip - a game combining both Live and RNG game mechanics. We also introduced a new addition to the live Roulette family called Gold Bar Roulette, in which a spectacular studio and some fresh game features take Roulette to a new exiting level. As part of expanding the portfolio in the North American region, we launched Live Craps - our version of the classic dice game - in
Our offering continues to find an audience across the globe and OSS is just in the beginning of showing traction. All regions reported growth in the quarter. In
Evolution employees are fantastic. The delivery of Evolution is due to them! I am proud of the way that the Evolution-team handles the difficult world we currently see. Evolution continues to push forward, working across multiple time-zones full of energy with a hunger to improve - always striving to be a little bit better, every single day. I look forward to the final months of this year and onwards to 2023.
Presentation for investors, analysts and the media
CEO
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