Angler Gaming plc – Interim Report for 1st Quarter 2020
Key Facts for the 1st Quarter 2020
Q1 2020: All Time High in Revenues and Profits
- Revenues increased by 54.7% to € 9,753,050 (€6,303,333)
- EBIT increased by 135.6% to € 2,865,253 (€1,216,127)
- EBIT margin of 29.37% (19.29%)
- Customer deposits increased 40.0% to €22,858,312 (€16,324,713)
- 55,227 new registered customers (36,100), increase of 53.0%
- 30,291 new depositing customers (14,995), increase of 102.0%
- Earnings per share of €0.0326 (€0.0146), increase of 123.29%
- The average daily Net Gaming Revenue for the 40 first days in Q2 2020 is 9% higher compared to the average daily Net Gaming Revenue in Q1 2020
- Premiergaming Ltd, the Group’s subsidiary focusing on Northern Europe, represented 19% of the Group’s revenues in Q1 2020
- In Q1 2020, Premiergaming’s revenues grew 18%, while the marketing expenses decreased 26%, compared to Q4 2019
- Due to the Coronavirus, and that many of the sportsbook-related events have been postponed, the launch of the Sportsbook for Premiergaming Ltd has been postponed. Instead, the Group is focusing on launching two new markets in Asia and a new brand under the Malta Gaming Authority licence
- As mentioned in the Q4 2019 report, the Board of Directors proposes distribution of €5,248,950 on the basis of the financial results of 2019 (€3,374,325 was distributed with respect to 2018) by way of a dividend to shareholders, which corresponds to €0.07 per share (€0.045), an increase of 55.6% per share. Angler Gaming will not compensate for currency exchange costs.
Malta, 12th May 2020
Board of Directors of Angler Gaming plc
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