Zona de Azar Sweden – LeoVegas First Quarter Revenue Rises 2% to €98.5m 

Sweden.- May 4th 2022 www.zonadeazar.com LeoVegas began the year in solid fashion with revenue growing 2% in the first quarter to €98.5m. Excluding the Netherlands, growth was 9%. Growth in the sport vertical was a full 44% during the quarter, mainly driven by the Expekt brand.

At the same time, LeoVegas reportd high profitability with EBITDA increasing 35% compared with the year-earlier period. The improved EBITDA margin of 14.4% was mainly the result of improved payment and supplier terms and lower marketing investments.

These factors more than offset increased personnel costs mainly in product and technology, as well as costs related to strategic projects such as the US launch.

Revenue in April amounted to EUR 34.0 m (32.6), which corresponds to growth of 4% and of 12% when excluding the Netherlands. During the quarter, income tax for previous years of EUR 14.9 m was recorded.

In January, LeoVegas distributed the fourth dividend (EUR 3.8 m) of a total of four to the parent company’s. shareholders.

Edited by: @MaiaDigital www.zonadeazar.com