Group revenue ups 63% in 2018

(source: Unsplash/Josh Appeal)

Last Updated on Tuesday, 13 August, 2019 at 11:03 am by Christian Keszthelyi Group Plc saw its revenue totalling €16.23m in 2018 on the whole, an increase of 63% of which 37% was organic growth as compared to the preceding year, according to a press statement issued by the group.

Adjusted EBITDA excluding non-recurring costs totalled €5.82m, an increase of 84%, corresponding to an adjusted EBITDA margin of 36%, the press statement about the group’s year-end report says. EBITDA totalled €4.98m, an increase of 69%, corresponding to an EBITDA margin of 31%.

Net cash generated from operating activities was €4.30m, while New Depositing Customers (NDCs) totalled 74,838, an increase of 106%, the report adds.

“The Group delivered, again, a record quarter in terms of revenue, EBITDA and Adjusted EBITDA as a result of substantial, ongoing organic revenue growth amounting to 62% for the fourth quarter and 37% for the full year,” said Charles Gillespie, CEO of the group. Group Plc is a provider of digital marketing services for the global iGaming industry. Founded in 2006, the group has a workforce of over 80 and operates from offices in Dublin, Tampa, Monaco and Malta.

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