Connect with us
SIS

Industry News

Yggdrasil Q3 2018 financial update

George Miller

Published

on

Yggdrasil Q3 2018 financial updat
Reading Time: 3 minutes

 

Business highlights Q3 2018 (Q3 2017)

  • 13 new license agreements signed (10)
  • 3 new games launched: Penguin City, Hanzo’s Dojo and Wolf Hunters (3). Launch event for Nitro Circus – Yggdrasil’s first ever branded game partnership
  • UK legal entity created, certified to launch in Spain, entry into Czech Republic through Tipsport agreement and entry into Taiwan with social gaming operator XSG
  • Launch of casino games fan site (Yggdrasil Casino)
  • Number of FTEs 272 (170)
  • Player rounds increased by 51% to 1,534 million (1,019 million)
  • Mobile share of EGW was 65% (59%)

Financial highlights Q3 2018 (Q3 2017)

  • Total operating revenues increased by 62% to MSEK 71.5 (44.1)
  • EBIT increased by 26% to MSEK 19.3 (15.3)
  • EBIT margin amounted to 27% (35%)

Financial highlights January-September 2018 (January-September 2017)

  • Total operating revenues increased by 66% to MSEK 195.8 (117.9)
  • EBIT increased by 21% to MSEK 49.7 (41.2)
  • EBIT margin amounted to 25% (35%)

Notable events after the quarter

  • Signed ATG and Svenska Spel in Sweden ahead of the re-regulation in 2019. Also signed Veikkaus in Finland
  • Kick-off in Poland for all employees

Comment on Q3 2018 by founder and CEO Fredrik Elmqvist

“On behalf of the whole team at Yggdrasil I am pleased to announce yet another eventful quarter characterized by continued expansion and signing of several new partnerships. End user activity measured by player rounds reached 1,534 million during the quarter, representing an uptick of 51% from the same period last year. Revenues for the quarter grew by 62% compared to 2017 to MSEK ~72and EBIT by 26% to MSEK ~19, representing an EBIT margin of 27% while being in a high growth mode. We continued to fully emphasize our expansional focus by making investments for the future, both in the business and into new products.

During the quarter we signed several high-profile customers and our very first social gaming partnership in Asia through a deal with Taiwanese operator XSG. In Europe we signed among other Tipsport in the Czech Republic, Intralot in Italy and became certified in Spain – all important building blocks of our long-term strategy and commitment to expand our regulated market footprint. I am also thrilled to announce that we have signed with ATG and Svenska Spel in Sweden and Veikkaus in Finland after the close of the quarter. We have also established a local presence in the highly important UK market to improve our commercial reach to new candidates for our YGS Masters program.

The third quarter was also active in terms of business development and investments in new products. We continued to grow the organisation and have welcomed 29 new Yggdrasilians during the quarter and the total number of employees now amount to 272 – up by 102 from the end of the same period last year! I am delighted to steer such a diverse team of world class talent, where people are encouraged to challenge both themselves and Yggdrasil in a truly open and multinational environment. On the product side we have ramped up our games development phase and we have more games in the pipeline than ever before, while we continue to stay true to our DNA by only bringing the best content to the market and not losing focus on quality.

With the first nine months of the year behind us I am excited on the opportunities and challenges ahead. We continue to put full emphasize on growth and making investments into the organisation to stay at the forefront as a true industry innovator and to pave the way for our continued journey.”

Fredrik Elmqvist, Malta, October 2018

 

About Yggdrasil:

Yggdrasil is a provider of superior online gaming solutions for igaming operators. The business was founded in 2013 and has since emerged as one of the industry’s most respected and acclaimed suppliers. Yggdrasil operates a highly scalable business model and covers three product verticals: Casino Slots, Table Games and Bingo, in addition to the business verticals: Yggdrasil White Label Studios, YGS Masters and Yggdrasil Dragons. Since its inception, Yggdrasil has embarked on a solid growth trajectory enabled by a strong corporate culture focused on innovation, creativity, quality and technology leadership. Yggdrasil is headquartered in Sweden and has offices in Malta (operational HQ), Poland and Gibraltar.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Comments

Industry News

Graphyte Launches Intelligent Layouts

Niji Narayan

Published

on

Graphyte Launches Intelligent Layouts
Reading Time: 1 minute

 

Personalisation platform Graphyte has launched its new product Intelligent Layouts, which enable the operators to deliver completely personalised web and app experiences for every customer.

With Intelligent Layouts, operators can automatically tailor every element of its offering to each player’s preferences, leading to an entirely unique mobile and desktop site layout for every customer.

“When we started Graphyte, our mission was to create the technology to change the one-size-fits-all model so prevalent in betting and gaming, to a one-size-fits-one model that seems so natural and obvious in other sectors like e-commerce. With Intelligent Layouts, we’ve built the capability for every operator to make the experience unique for every one of their customers,” Damien Evans, co-founder of Graphyte said.

“As an operator, you’ll know that every part of your site is tuned to the preferences of each player – all updated and managed in real time. As a player, the experience is transformed, the games and product categories you like to play (or those that you are very likely to enjoy) are always front-and-centre, and it doesn’t stop there: promotions you might have missed, new game launches and events and price boosts in sports can all be brought to the fore with Intelligent Layouts. It’s incredibly powerful and the early results we’ve seen from operator trials have been extraordinary,” Damien Evans added.

Continue Reading

Industry News

GVC Launches Skywind Content on Ladbrokes, Coral and Gala Brands

Niji Narayan

Published

on

GVC Launches Skywind Content on Ladbrokes, Coral and Gala Brands
Reading Time: 1 minute

 

GVC has launched the gaming content of Skywind Group on its Ladbrokes, Coral and Gala brands. Earlier in the year, GVC launched the Skywind games on the bwin, PartyCasino and Sportingbet brands in selected regulated markets.

Through this expansion of the partnership, GVC’s customers will now be able to enjoy cutting edge content from Skywind’s huge portfolio of over 200 games. GVC will also integrate Skywind’s unique Bonus Coins reward, Daily, Must-Go and innovative Split jackpots among a range of other player engagement tools.

“We are delighted to extend our collaboration with Skywind who are a hugely valuable and innovative partner. Our mission is to provide our customers with nothing short of the most engaging and comprehensive portfolio of games available anywhere in the market. The launch of this exciting content is another important milestone on that journey,” Paris Anatolitis, GVC’s Marketing Director for Casino said.

“Partnering up with GVC is the natural step for us in entering regulated gambling markets around the world. In just over six months, we have managed to build a strong partnership, rolling-out our premium video slots games at bwin, PartyCasino and Sportingbet, across markets. I am excited that Ladbrokes, Gala and Coral players will now also be able enjoy the many proven engageable games we offer,” Oren Cohen Shwartz, Managing Director of Skywind said.

Continue Reading

EveryMatrix Press Releases

CasinoEngine pens deal to integrate Skywind Group’s gaming portfolio and engagement tools

George Miller

Published

on

CasinoEngine pens deal to integrate Skywind Group’s gaming portfolio and engagement tools
Reading Time: 2 minutes

 

CasinoEngine, EveryMatrix’s Casino Integration Platform, pens an agreement with Skywind Group for casino gaming content and engagement tools. Skywind will make available their extensive game portfolio to CasinoEngine’s network of leading operators across many regulated markets. To date, CasinoEngine has the largest game library in the industry, totalling over 8,000 games from 140 top suppliers.

Skywind Group provides premium content and innovative player engagement tools in regulated markets. Skywind’s portfolio of more than 230 games includes video slots, arcade gaming and branded video slot titles such as CSI:Crime Scene Investigation, Resident Evil and the recently launched The Magnificent Seven as well as Skywind’s recently launched video slot Genie Mega Reels.

In addition to premium content, CasinoEngine’s clients will benefit from Skywind’s unique range of engagement tools, such as the Bonus Coins reward which is the first of its kind, and Daily, Must-Go and innovative Split jackpots, among others.

Oren Cohen Shwartz, Skywind Managing Director, said: “EveryMatrix’s CasinoEngine is a world-class casino solution and a great distribution platform for our premium games and inventive player engagement tools. We share a dedication to enabling our partners’ growth and expansion into regulated markets. In the past year we have been awarded with five Gaming licenses in UK, Malta, Romania, Alderney and Spain and our games are certified for Sweden, Italy and more”.

Amund Stensland, CasinoEngine Chief Operations Officer, commented: “The new partnership with Skywind will significantly help our efforts of keeping CasinoEngine’s library appealing to large operators looking to enter additional markets. CasinoEngine’s mission is to help operators fill content gaps and deliver market-relevant content for their targeted territories. We are looking forward to developing our partnership in the future.”

CasinoEngine is the number one casino integration and productivity platform, aiming to help operators deliver outstanding player experiences in regulated markets. With a prominent network of clients, such as Tipico, Wunderino, Norsk Tipping, Adjarabet or newly launched BetWarrior, CasinoEngine is striving to offer the best range of services, value and support in the market.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.