Fortuna Posts H1-2016 Interims

FORTUNA POSTS H1-2016 INTERIMS

25th August, 2016 at 14:12:58
Source: http://www.azonlinecasinos.com

Central and Eastern European betting group reports improvements across core metrics.

Fortuna Entertainment, the Central and Eastern Europe-facing gambling group in the news earlier today with its platform deal with Playtech (see previous report) has posted its H1-2016 numbers, claiming improvements across core metrics.

Highlights of the report include:

* Total Gross Win of Euro 80.5 million, on turnover up 24% year-on-year at Euro 511 million;

* Increased player activity;

* Positive EBITDA up 7.7% y-o-y to Euro 9.7 million;

* Anticipated net profit up 12.1% at Euro 5.4 million;

Per Widerström, CEO, said that the improved performance was driven by online sports betting, especially on mobile devices across the countries where the company operates, with good returns achieved from the Euro 2016 football championships in France.

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