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Raketech Delivers Full Year in Line With Previously Increased Guidance

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Raketech Chairman Ulrik Bengtsson to Step Down Following New CEO Appointment

 

Raketech Group Holding Plc  announced the fourth quarter report for 2023 in line with previously increased guidance, with a total revenue of EUR 22.8 million and an organic growth of 45.3% Y/Y. The full-year 2023 revenue amounted to EUR 77.7 million and an organic growth of 47.6%. Raketech also updates guidance for 2024, where EBITDA is expected to come in between EUR 24-26 million.

“This result serves as a solid platform for the coming year, where we will focus on identifying new markets, evaluating expansion options, assessing new partnerships, and focusing on business growth. I am fully committed to driving additional value for our company,” says Johan Svensson, Acting CEO of Raketech.

Q4 2023 FINANCIAL HIGHLIGHTS

  • Revenues in Q4 of 2023 totaled EUR 22.8 million (EUR 15.7 million) with an organic growth of 45.3% (23.1%), driven primarily by continued growth within sub-affiliation.
  • EBITDA amounted to EUR 6.0 million (EUR 6.4 million) somewhat impacted by a softer development in Sweden, compared against a strong fourth quarter 2022 impacted positively by the FIFA World Cup in in that year. Other regions showed good performance and sub-affiliation continued to grow.
  • Operating profit amounted to EUR 2.8 million (EUR 4.3 million), lower as an effect of increased non-cash affecting amortisation and depreciation on intangibles assets relating primarily to the prior acquisition of Casumba.
  • Free cash flow increased to EUR 4.8 million (EUR 2.2 million) with only minor earnout settlements during the quarter.

DIVIDEND PROPOSAL AND OUTLOOK

  • The Board of Directors proposes to the Annual General Meeting 2024 a dividend corresponding to EUR 0.10 per share (EUR 0.094), representing an increase of 6% from last year.
  • Guidance for 2024:
    • EBITDA is expected to come in between EUR 24-26 million.
    • Free cash flow is estimated to amount to EUR 22-24 million before cash settlements of the Casumba earnout of EUR 18.3 million this year.

SUBSEQUENT EVENTS AFTER THE END OF THE PERIOD

  • Revenues in January 2024 amounted to EUR 7.3 million (EUR 5.0 million).
    • Supported by positive results from Sub-affiliation
  • On January 11, 2024, the board of Directors appointed Johan Svensson as Acting CEO, replacing the former CEO Oskar Mühlbach.

Read the full report at: https://raketech.com/investor-relations/

News

Digital Footprints Shortlisted for Three Prestigious EGR B2B Awards

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Digital Footprints, a leading full-service iGaming marketing agency, is proud to announce its shortlisting in three major categories at the upcoming EGR B2B Awards 2025. The agency has been recognised for excellence in the following categories:

  • Marketing Services Supplier
  • Corporate Services Supplier
  • Best Customer Service 

     

The EGR B2B Awards are widely regarded as the benchmark for performance and innovation within the online gaming industry, celebrating the very best service providers across all verticals.

“This recognition from EGR reflects the dedication, creativity, and expertise of our team,” said Sharon McFarlane, Managing Director at Digital Footprints. “Being shortlisted across three highly competitive categories not only validates the results we’ve achieved for our clients, but also showcases our commitment to exceptional service and forward-thinking strategy in the iGaming space.”

A Testament to Innovation and Service Excellence

Digital Footprints has consistently delivered high-impact marketing solutions to some of the industry’s most recognisable brands, combining data-driven strategies with creative execution to drive measurable results. The agency’s inclusion in the Marketing Services Supplier category underlines its reputation for cutting-edge campaign management, performance marketing, and brand development tailored specifically to iGaming audiences.

The Corporate Services Supplier nomination recognises Digital Footprints’ ability to deliver robust support solutions that help clients scale sustainably and compliantly in an increasingly regulated environment.

Meanwhile, the Best Customer Service shortlist position reflects the agency’s people-first approach and relentless focus on providing transparent, responsive, and personalised support to every partner.

Looking Ahead

Winners of the EGR B2B Awards 2025 will be announced at the official awards ceremony on 2nd July, where industry leaders will gather to celebrate innovation and service excellence across the iGaming ecosystem.

Digital Footprints is honoured to stand alongside the industry’s top performers and remains committed to pushing the boundaries of what’s possible in iGaming marketing.

Media Contact:
Sharon McFarlane
Managing Director
Digital Footprints
📧 [email protected]
📞 +44 7885 910 472
🌐 www.digital-footprints.co.uk

The post Digital Footprints Shortlisted for Three Prestigious EGR B2B Awards appeared first on European Gaming Industry News.

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Awards

ReferOn Nominated For Key Category at the Prestigious EGR B2B Awards 2025

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ReferOn Nominated For Key Category at the Prestigious EGR B2B Awards 2025

 

ReferOn, a state-of-the-art affiliate management system, announces its nomination for the “Affiliate Software Supplier” category at the EGR B2B Awards 2025.

The shortlisting reflects ReferOn’s rapid growth into becoming a leading affiliate management system that empowers operators and affiliates. The category seeks to recognise newly formed brands and companies that display commitment to excellence in the affiliate industry. The team has consistently displayed outstanding effort to develop innovative tools and solutions that impact the industry and help advance operators’ affiliate marketing campaigns.

David Harris, ReferOn’s Operations Lead, commented on the nomination, “The ReferOn team has significantly developed our core offerings to ensure operators and affiliates can utilise best-in-class solutions. Over the past year, we’ve performed various technical updates and made several key additions to the platform. Being nominated for the ‘Affiliate Software Supplier’ category highlights our hard work and demonstrates our rapid impact on the industry. We look forward to attending the ceremony and networking with our peers there.”

ReferOn continues to realise its ambitions and growth trajectory, with the platform being recognised by various industry institutions and claiming awards. The team has extensive plans to develop its platform features further, expand its educational initiatives and provide the best innovative solutions to operators and affiliates.

The EGR B2B Awards 2025 is hosted by EGR Global, a premier group of publishers and membership networks in the online gambling and gaming industry. The awards ceremony will take place on July 4, 2025, at The Roundhouse London. David Harris and the ReferOn team congratulate all nominees and look forward to attending the event.

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partnerships

Sitebee and bet365 Renew Landmark Brand Protection Partnership for a Seventh Year

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Sitebee and bet365 Renew Landmark Brand Protection Partnership for a Seventh Year

 

Sitebee has renewed its long-standing partnership with bet365, marking seven consecutive years of collaboration focused on protecting brand integrity and maintaining marketing compliance at scale.

As digital marketing environments become more complex and fragmented, safeguarding brand reputation has never been more important. Sitebee’s automated monitoring platform allows bet365 to maintain visibility across affiliate activity and digital placements, identifying potential risks before they escalate.

This renewal highlights the shared commitment between Sitebee and bet365 to uphold high standards of responsible marketing and brand protection across jurisdictions.

Rasmus Bank Nielsen, Head of Sitebee, said: “Our continued work with bet365 reflects the strength of our collaboration and a shared focus on responsible marketing. As regulations evolve, staying compliant means staying informed and maintaining control over how a brand is represented online. We’re pleased to support bet365 in navigating both regulatory and reputational challenges.”

A spokesperson for bet365 added: “Sitebee remains an essential part of our approach to affiliate compliance. The platform’s flexibility and automation help us adapt to market changes while maintaining the high standards that define the multi-awarding winning bet365 Partners programme.”

The renewed agreement underlines Sitebee’s commitment to supporting operators through intelligent compliance technology and strategic insight.

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