LeoVegas is aiming to hit a target of €600m in revenues by 2020.
The board of directors have announced their goals for the group, which also includes at least €100m in EBITDA, against a background of strong organic growth and several acquisitions.
This year, LeoVegas has acquired Germany-focused World of Sportsbetting, IPS (now known as Rocket X) and streaming service CasinoGrounds.
Gustaf Hagman, CEO of LeoVegas Mobile Gaming Group, said: “In 2015, we set the target to achieve €300m in revenue by 2018. The new revenue target entails a doubling to at least €600m by 2020 and does not include potential major acquisitions.
“At the same time, we are aiming for EBITDA of at least €100m, which implies adjusted earnings per share of at least SEK8 (€0.77) by 2020. The new targets confirm our continued focus on strong growth combined with a sound view of profitability. The targets create transparency regarding where we are headed, both internally and externally.”
