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Monday | September 28 | 2020

LeoVegas revenues increased by 17% from April 1 to June 30

LeoVegas revenues increased by 17% to EUR 110.7 m (94.4). Organic growth in local currencies was 19% and EBITDA was EUR 23.0 million (15.1), corresponding to an EBITDA margin of 20.8% (16.0%) and a growth of 53 %.

The number of depositing customers was 434,453 (350,298), an increase of 24%.

Earnings per share were EUR 0.14 (0.08) before and after dilution, while adjusted earnings per share were EUR 0.19 (0.11).

LeoVegas completed the migration of 12 brands in the UK to the group’s proprietary technical platform. The LiveCasino.com brand was launched in a number of English-speaking countries.

Preliminary revenue in July amounted to EUR 30.7 m (29.3), representing growth of 5%. The temporary restrictions introduced in Sweden starting on 2 July have had a negative impact on revenue.

The number of depositing customers increased by 34% in July compared with the same period a year ago, to a new record level for a single month.

GoGoCasino was launched in Finland. An international rollout of the brand is now continuing.
LeoVegas has increased its ownership in the e-sports betting operator Pixel.bet to 85%, from 51% previously.

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