Revenue increases and organic growth have marked LeoVegas' first quarter of the year.
In the company's Q1 2021 report, figures showed an increase in revenue of eight per cent to €96.7m. Organic growth (excluding Germany) was 19 per cent, with adjusted EBITDA at €10.9m, corresponding to an adjusted EBITDA margin of 11.3 per cent.
Events during the quarter include the acquisition of Expekt from Betclic for a total purchase price of €5m, the taking up of LeoVegas shares in US dollars on OTCQX Markets in the USA, and an investment, via LeoVentures, of €1.1m for 25 per cent of the shares in SharedPlay.
“A good start to the year and increased focus on sports,” said Gustaf Hagman, group CEO.