Following its ‘Capital Markets Day’, Stockholm-listed European online gambling group Mr Green & Co has announced that it has rebranded its corporate entity to ‘MRG’ (MRG Group).
Corporate governance stated that the new group MRG brand reflected the firm’s fast growth profile, and better served its expanded portfolio of online gambling assets.
The firm’s markets day would further see MRG’s governance outline its full-year 2018 corporate guidance and expectations.
Updating investors, MRG expects a 40% increase in 2018 full-year revenues, combined with an EBITDA operating margin of 15%.
Having expanded its corporate entity through strategic M&A in 2017/18, whilst sustaining the continued growth of its ‘organic’ Mr Green brand, MRG governance believes that its enlarged entity can maintain a 25% annual growth rate until 2020.
”MRG is a digital, high growth company with a significantly broader operation with more brands and larger geographical presence than a year ago”, says Per Norman, CEO of MRG.
“We invest in new innovative digital areas within iGaming and esports. MRG is reflecting our vision ‘Shape the future of the iGaming industry’.”
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