Raketech revenues rise as firm continues M&A strategy
Online affiliate and content marketing company, Raketech has maximised a period of strong acquisitions reporting a revenue increase of 41.3% to €6m, in Q2 of 2018.
The results close a strong period for the firm, as overall it enjoyed a strong half to the year with its total H1 revenues for the period being recorded at €10.9m, a 43.1% increase on the corresponding period.
Over this period, the company’s adjusted EBITDA also increased by 25.4%, as the firm continued its strategy of growth through acquisitions, purchasing assets such as Shogun Media Limited, as well as Mediaclever Sverige AB, which operates high-profile casino affiliates.
CEO Michael Holmberg spoke highly of the company’s performance: “I am pleased to present a quarter with high activity levels and a continued good return from our operating model with growth within Core, Lab and M&A. Revenues for the second quarter amounted to €6.0 million, an increase of 41.3%, of which 24.5% was organic, compared with 7.7% in the corresponding period last year.
“Adjusted EBITDA amounted to €3.2 million, with an adjusted EBITDA margin of 53.7%. In June, Raketech was listed on Nasdaq First North Premier. This was a very exciting process, in which we encountered great interest in our business model and strategy. As a public company, our operations are further professionalised, and we are already seeing positive effects in conversations with both business partners and potential acquisition candidates.
“From a stock market perspective, our focus is on generating long-term shareholder value by delivering on our strategy and financial objectives. I have great faith in the continued development of Raketech’s role in the value chain, and our capabilities to be a driving force within the gaming industry. Our agenda is busy in this regard and I look forward to an intensive remainder of 2018.”
Source: SBC News
