Revenue increases and organic growth have marked LeoVegas' first quarter of the year.

lv

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.