A second quarter report from LeoVegas has shown growth in a number of areas for the company, despite a "difficult-to-navigate environment."
Revenue increased organically by eight per cent to €94.4m during the period, with EBITDA at €15.1m.
The company was granted a gaming licence in Spain, launching in the country two weeks later. It decided not to apply for a gaming licence in the recently re-regulated Swiss market. Switzerland accounted for €2.2m of revenue during the second quarter.
The most challenging market for the company was the UK; excluding organic growth in the UK would put the figure at 26 per cent.
“LeoVegas is delivering good growth with high profitability in a difficult-to-navigate environment. Q2 2019 was our best quarter ever, and we continue to take market shares,” said Gustaf Hagman, VD och koncernchef.
In addition, company deputy CEO Louise Nylén has left her position. Her role will not be replaced.
