Cherry posts revenue growth in Q4

Highlights of the fourth quarter:

• Group revenue increased by 72% to MSEK 172.5 (100.2). Online makes up 74% (58) of the group revenue.
• Profitability improved considerably and EBITDA amounted to MSEK 23.4 (-6.5). EBIT amounted to MSEK 16.4 (-10.6).
• The result after tax was MSEK 12.9 (-15.3), equivalent to SEK 0.63 (-1.13) per share after dilution and minority interests.
• Online Gaming grew by 109% and EBITDA amounted to MSEK 15.4 (-4.3).
• Yggdrasil Gaming grew by 696% and EBITDA amounted to MSEK 4.9 (-1.4).
• Restaurant Casino increased turnover by 5% and EBITDA amounted to MSEK 4.9 (5.0).

Full year 2015: Strong revenue and profit growth within all business areas

• Group turnover increased by 56% compared to the previous year and amounted to MSEK 528.7 (340.0).
• Online makes up 69% (55) of the group revenue.
• Profitability improved considerably and EBITDA amounted to MSEK 35.9 (-17.9). EBIT amounted to MSEK 13.3 (-32.9).
• The result after tax amounted to MSEK 6.4 (-39.3), equivalent to SEK -0.06 (-2.96) per share after dilution and minority interests.
• Online Gaming grew by 91% and EBITDA amounted to MSEK 21.8 (-18.3).
• Yggdrasil Gaming grew by 357% and EBITDA amounted to MSEK 5.2 (-4.6).
• Restaurant Casino increased turnover by 9% and EBITDA increased by 13% to MSEK 19.4 (17.1).
• During the year Cherry made five acquisitions: Game Lounge, Almor, the domains and agreements of a leading Finnish affiliate, Moorgate Media Ltd and NorgesSpill.com.

"Cherry is very well positioned to continue to grow faster than the market, both organically and through acquisitions, focusing on rapidly increasing profitability. We now look forward to continue to spread the joy of playing, both online and at the pub," said Fredrik Burvall, Cherry's CEO.