Reports
Published: 2021-02-18 08:00:00
Angler Gaming plc demonstrates consistent excellent performance
Key Facts for the 4th Quarter 2020 (1 October 2020 – 31 December 2020) All time high in Revenues, EBIT and Net Profit All figures are compared to the same quarter last year if not explicitly stated otherwise Events after the 4th Quarter: Key Facts for 2020 (1 January 2020 – 31 December 2020) All-time high in Revenues, EBIT and Net Profit All figures are compared to Jan-Dec 2019 if not explicitly stated otherwise Comments from the CEO Thomas Kalita, CEO, comments: "We are very pleased with the result in Q4 being the best quarter ever in the Group’s history on all Key Performance Indicators: Premiergaming Ltd, the Group’s company focusing on Northern Europe, had a strong development in new depositing customers, but the revenues suffered slightly from unusually high customer winnings during Q4. Q1 2021 has started very good. The Group’s average daily Net Gaming Revenue for the first 41 days in Q1 2021 is 27% higher compared to the average daily Net Gaming Revenue in Q4 2020. Our excellent people, operations and investments in various fields continued to pay off. We continue to focus on growing globally and invest in new B-to-B co-operations, new brands and products. We are planning to launch a Sportsbook in selected test markets in early Q2 2021. In addition, our implementation of a more robust risk-averse approach as regards fluctuations in currency exchange rates has resulted in a higher level of cash-in-hand compared to trade receivables and less exposure towards currency exchange volatility. 2020 was a very successful year where we continued our strong growth with strong profit margin and all-time high in all Key Performance Indicators. We continue our commitment to invest in our people and continue to grow a strong and flexible organisation throughout the Group. In addition, we continue to look for acquisitions and other opportunities".