Online affiliate and content marketing company Raketech has reported an increase of 41.3 per cent in revenues to €6m (€4.3m) during the second quarter of 2018, with organic growth increasing to 24.5 per cent (7.7 per cent).

Raketech

Profit for the period was at €1.1m (€3.4m), with Q2 2018 featuring Raketech acquiring the assets of Mediaclever Sverige AB and a 51 per cent share in Shogun Media.

The company was listed on Nasdaq First North Premier as of June 29, 2018.

Raketech CEO Michael Holmberg said: ”I am pleased to present a quarter with high activity levels and a continued good return from our operating model with growth within Core, Lab and M&A.

“Revenues for the second quarter amounted to €6m, an increase of 41.3 per cent, of which 24.5 per cent was organic, compared with 7.7 per cent in the corresponding period last year. Adjusted EBITDA amounted to €3.2m, with an adjusted EBITDA margin of 53.7 per cent.

“In June, Raketech was listed on Nasdaq First North Premier. This was a very exciting process, in which we encountered great interest in our business model and strategy. As a public company, our operations are further professionalised, and we are already seeing positive effects in conversations with both business partners and potential acquisition candidates. From a stock market perspective, our focus is on generating long-term shareholder value by delivering on our strategy and financial objectives.

“I have great faith in the continued development of Raketech’s role in the value chain, and our capabilities to be a driving force within the gaming industry. Our agenda is busy in this regard and I look forward to an intensive remainder of 2018.”