“The strong EBITDA growth clearly illustrates the scalability of our business model,” said LeoVegas CEO Gustaf Hagman as the company revealed its Q2 figures.
Revenue increased by 17 per cent to €110.7m (94.4) and organic growth in local currencies was 19 per cent. EBITDA was €23m (15.1), corresponding to an EBITDA margin of 20.8 per cent (16 per cent) and a growth of 53 per cent.
The number of depositing customers was 434,453 (350,298), an increase of 24 per cent. Earnings per share were €0.14 (0.08) before and after dilution, while adjusted earnings per share were €0.19 (0.11).
Hagman added: "LeoVegas has delivered continued solid growth and profitability during a period of exceptional circumstances in the world around us. Supported by the record large customer base that we entered the quarter with, together with our ability to quickly adapt to new conditions, the positive trend from the first quarter is continuing."
