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Raketech Interim report Q1 2019

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Raketech Interim report Q1 2019

 

FIRST QUARTER 2019

  • Total revenues amounted to EUR 8.7 million (EUR 4.9 million) representing an increase of 78.2%. Total revenues include other non-operating income of EUR 2.3 million (nil) related to a waived liability regarding one related party during the quarter which is recognised as other income.
  • Revenues excluding other income increased by 31.6% to EUR 6.5 million (EUR 4.9 million).
  • Organic growth amounted to 21.5% (10.2%).
  • Adjusted EBITDA increased by 38.3% to EUR 3.5 million (EUR 2.5 million), corresponding to a margin of 54.1% (51.5%).
  • Adjusted operating profit amounted to EUR 2.8 million (EUR 2.3 million), corresponding to a margin of 43.4% (47.5%).
  • Profit for the period amounted to EUR 4.7 million (EUR 0.9 million).
  • Earnings per share amounted to EUR 0.12 (EUR 0.04).
  • NDCs (New Depositing Customers) increased by 76.1% to 28,607 (16,243).

EVENTS DURING Q1 2019

  • On 4 March, the outstanding debt of EUR 7.7 million from the previous loan facility was repaid as a final step in optimising the Group’s capital structure post-IPO.
  • On 31 March, an agreement with one related party was reached to waive the amount of EUR 2,281,714. This amount is recognised as other income within the consolidated statement of comprehensive income.

SUBSEQUENT EVENTS AFTER THE END OF THE PERIOD

  • On 24 April, Oskar Mühlbach was appointed as Chief Operating Officer.
  • On 26 April, Raketech acquired the assets of the leading Finnish sport listing website TVmatsit.com for an initial purchase price of EUR 1.6 million plus an additional EUR 0.3 million payment over the next 24 months based on agreed performance targets.

CEO MICHAEL HOLMBERG COMMENTS THE QUARTER

”The beginning of the year has been characterised by the ongoing stabilisation phase in the Swedish gaming market, following the introduction of the new gambling legislation in January 2019. I am therefore happy to announce that we are delivering a good quarter and that we maintain our focus on organic growth and geographical expansion.

Revenues increased by 32 per cent compared to the first quarter of 2018, amounting to EUR 6.5 million. Adjusted EBITDA increased by 38 per cent to EUR 3.5 million, corresponding to a margin of 54 per cent. Organic growth amounted to 22 per cent of the revenues, and the key driver for this growth is higher traffic volumes, especially for our casino products and our TV sports guides.

While maintaining our position as a market leader in Sweden, we are simultaneously increasing our focus on geographical expansion. We have global ambitions and prioritise markets that are important to our partners, the gaming operators. As such, we are further strengthening our organisation for future expansion, both in terms of employees and technical platforms.

We are committed to creating sustainable growth across all of our markets – current as well as future markets. I am confident in our ability to continue strengthening Raketech’s position as a leading affiliate with innovative and responsible services high on the agenda.”

PRESENTATION FOR INVESTORS, ANALYSTS AND THE MEDIA

CEO Michael Holmberg and CFO Andreas Kovacs will present the report and answer questions in an audiocast at 9.00 a.m. CET on 22 May. The presentation will be held in English and can be followed online via https://tv.streamfabriken.com/raketech-q1-2019. To participate by phone, please dial +46 8 505 583 51 (SE) or +44 333 300 92 67 (UK).

 

About Raketech Group:

Raketech is a leading online affiliate and content marketing company, with expertise in delivering comparison services for sports and gaming, online guides, communities and social media products in primarily the Nordic region and the UK. Through some 20 flagship brands, Raketech guides sports and gaming enthusiasts to the best possible services, while also delivering high-quality traffic and leads to its partners. Raketech grows both organically and via acquisitions and operates its business in accordance with a clear framework for responsible affiliate marketing services. The company’s shares are listed in Nasdaq First North Premier with ticker RAKE. Erik Penser Bank AB is the company’s Certified Adviser ([email protected] / +46 8 463 83 00). For more information, visit www.raketech.com.

Affiliate Program News

Alpha Affiliates set to revolutionise gaming landscape with new innovative platform, Monixbet

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Alpha Affiliates set to revolutionise gaming landscape with new innovative platform, Monixbet

 

Alpha Affiliates, the leading iGaming affiliate partner program, has announced the newest addition to its iGaming portfolio: Monixbet. Set to revolutionise the online gaming landscape with its innovative platform and extensive game selection, Monixbet is designed with a mobile-first philosophy to ensure a seamless gaming experience across all devices.

Monixbet offers a selection of over 8,000 games from 57 top-tier providers, ranging from adrenaline-pumping slots to strategic table games. Holding a Curaçao licence, all games are regulated as well as embodying responsible and fair gaming to uphold the highest standards of integrity and trust. In addition, Monixbet offers currency flexibility, embracing a broad spectrum of financial preferences that supports both fiat and cryptocurrencies.

Alongside the welcome pack for new players, which offers up to €5000, a 350% bonus, and 335 free spins, Alpha Monixbet also brings regular incentives to the table, including:

  • The Monday Supercharge: Kick off your week right from the get-go with an explosive offer of up to 100 free spins.
  • The Tuesday Bonus Bounty: Score up to 15% every Tuesday.

As part of the Alpha family, Monixbet offers its affiliates a golden opportunity to engage with a cutting-edge platform. By promoting Monixbet, affiliates can expect competitive conversion rates and the unwavering support of the Alpha team.

Boris Pashnev, CEO of Alpha Affiliates says: “We’re incredibly proud to share our latest foray into the iGaming arena. With its large selection of games, every aspect of the casino experience has been optimised for excitement and user satisfaction, while ensuring that variety is never in short supply. Monixbet is not just another online casino, but a revolution within digital gaming. Each spin, each hand and each play is infused with the excitement of possibility, and we are thrilled to include Monixbet within our portfolio, and continue to grow and expand our offerings.”

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Awards

Casino Guru Shines in AffPapa Awards 2024 Nominations

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Casino Guru Shines in AffPapa Awards 2024 Nominations

 

Casino Guru, the world’s premier independent online casino resource, is proud to announce its nominations in two prestigious categories for the AffPapa iGaming Awards 2024: “Rising Star of The Year” and “Casino Affiliate of the Year”. These nominations underscore Casino Guru’s unwavering commitment to excellence, innovation, and responsible gaming practices within the online casino industry.

The AffPapa iGaming Awards, renowned for recognizing outstanding achievements and contributions in the iGaming sector, have nominated Casino Guru for its remarkable efforts in several key areas. Notably, Casino Guru’s dedication to Safe and Responsible Gambling has garnered widespread acclaim, exemplified by its innovative marketing strategies and promotion of partner brands.

Central to Casino Guru’s nomination for “Rising Star of The Year” is its groundbreaking safer gambling initiatives, epitomized by the development of Gamtegrity. This pioneering platform hosts the Global Self-Exclusion System (GSES), the Casino Guru Academy, the esteemed Casino Guru Awards and more, all aimed at fostering a safer and more responsible gambling environment.

Furthermore, Casino Guru’s nomination for “Casino Affiliate of the Year” reflects its ongoing commitment to providing transparent, honest, and comprehensive information about casino operators and brands. With over 6,200 casino reviews and a robust online gambling forum boasting over 4,000 monthly posts, Casino Guru continues to empower players with the knowledge needed to make informed decisions.

Commenting on the nominations, Daniela Sliva, PR and Creative Projects Director of Casino Guru, expressed gratitude for the recognition, stating, “We are honored to be nominated in two prestigious categories for the AffPapa iGaming Awards 2024. These nominations validate our relentless pursuit of excellence and our unwavering dedication to responsible gaming practices. We remain committed to delivering unparalleled value to our users and partners.”

With a track record of success and a commitment to innovation, transparency, and responsible gambling, Casino Guru stands poised to continue its trajectory of growth and impact within the iGaming industry.

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iGB Affiliate ranks in top 3% of international trade events – states research agency

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iGB Affiliate ranks in top 3% of international trade events - states research agency

 

Explori, the independent research agency which works with over 7,000 events and conferences around the world, has rated iGB Affiliate 2024 alongside the very best live events found across any industry sector globally.

The post-show research report stated 93% of visitors to iGB Affiliate 2024 said they were likely to return next year when the sector-leading show relocates to Barcelona, with 92% stating they were either fairly or very satisfied by the experience.

Alongside this, 97% of exhibitors and sponsors said they would be returning to participate in 2025, a response which places the brand in the top 3% of events surveyed by Explori with 95% of exhibitors confirming their overall satisfaction, placing the iGB Affiliate experience in the top 5%.

In terms of overall brand perception, 88% of visitors and 89% of exhibitors agreed with the statement that ‘iGB Affiliate plays an active role in the growth and development of the industry.’

The Explori research confirmed: “iGB Affiliate is regarded as being a must-attend industry event for companies to create business opportunities and to expand their network”.

From a visitor perspective, iGB Affiliate was described as “hugely useful”, offering a “mind-blowing” networking experience. Visitors were also impressed with the number, range, and status of exhibitors as well as the quality of the industry insights available from the content programme available at iGB Affiliate. Exhibitors are highly satisfied with the general organisation of the event, and are impressed by the ‘high quality of visitors and the business-oriented nature of the audience.’

Naomi Barton, Portfolio Director responsible for delivering iGB Affiliate, said: “The Explori research provides clear, data-driven attendee insights and enables us to benchmark our performance across the entire events industry as well as in the igaming sector where there is no such survey currently undertaken by other igaming events.

“As a result of listening to our customers and doing our very best to address their business requirements/pain points, and exceed their expectations by providing solutions to their problems, the KPIs are really strong in this report”.

We hold ourselves to high standards and what really interests me, is constantly listening to customer feedback to work out how we can enhance the event experience, whilst also making this exhibition exceptional in terms of true business value and customer ROI.”

Overall, the iGB Events brand is in extremely good health as we prepare for July’s edition of iGB L!VE – the last to be held in Amsterdam prior to its relocation to London in July 2025 – and January’s iGB Affiliate, the first to be held in Barcelona alongside ICE.”

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Offering comprehensive coverage on all aspects of the gaming sector, our daily posts include online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

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