Press release from Companies
Publicerat: 2018-02-22 08:15:00
Following recent acquisitions and the refinancing arranged in autumn 2017, the Management and Board of Net Gaming have conducted a strategic review and adopted an updated strategy. As a result, the Company is issuing new financial targets.
Net Gaming sees significant opportunities to grow its business in the next few years, both organically and through acquisitions. To take advantage of the growth opportunities that the Company sees, the growth strategy been reviewed and new financial targets have been produced. “Net Gaming has changed considerably over the last 1.5 years and we now have a strong operational platform with strong brands. With a data-driven working method, supported by strong technical expertise and business intelligence, we have very good conditions for continuing rapid organic growth in the future. Through our refinancing, we can also grow actively through acquisitions, as we have shown recently,” says Marcus Teilman, President and CEO of Net Gaming. FINANCIAL OBJECTIVES Revenue growth Capital structure Dividend STRATEGY GROWTH DRIVERS For further information, please contact: Net Gaming Europe AB (publ) The information in this press release is information that Net Gaming Europe AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation and, where applicable, the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was provided by the contact person above for publication on 22 February 2018 at 08.15 CET. About Net Gaming
To grow faster organically than comparable players and to grow actively through acquisitions.
To maintain a net debt to EBITDA ratio of below 3.0.
To prioritise acquisitive growth, internal growth projects and capital structure above dividends during the next three years.
Marcus Teilman, President and CEO
+356 9936 7352
Telephone: +46 8-410 380 44
E-mail: info@netgaming.se
Website: www.netgaming.se
Net Gaming owns, operates and develops high-quality online comparison sites for the purpose of channelling user traffic to the Company’s customers – primarily iGaming operators. Within the Group, approximately 130 comparison sites are operated in 30 countries. Net Gaming generates valuable user traffic through the sites, mainly to global iGaming operators. The Company was founded in 2005, has over 80 employees and is headquartered in Malta. The share (NETG) is listed on AktieTorget.