Swedish igaming operator Cherry expects to record EBITDA of SEK400m (€40.1m) for last year.

Cherry AB

A preliminary assessment reported overall revenues of SEK2.2bn (€225.2m) for the group in 2017.

Anders Holmgren, CEO of Cherry AB, said: “The end of the year developed according to our expectations with all companies showing good growth in sales and earnings.

“In addition, ComeOn’s new management has implemented measures that, in a very short time, reversed the negative trend we saw in the middle of the year. Management is now working to increase revenue and maintain profitability, and will realise further synergies in 2018.”