Annabelle Stephenson
Bragg Gaming Group recently shared its financial report for the fourth quarter, marking a shift in profits compared to the previous year. The company saw an operational loss of 0.4 million euros, diverging notably from the 0.2 million euro profit from the prior year. Despite this change, the EBITDA income rose to 3.33 million euros from 2.68 million euros in the previous year.
The Adjusted EBITDA margins saw a decrease of 350 basis points to 11.9 percent, with gross profit also experiencing a decline of 7.3 percent to 12.0 million euros. Furthermore, revenues dropped by 1.4 percent to 23.36 million euros as compared to 23.68 million euros in the previous year, reflecting the updated commercial terms with a strategic partner.
Looking forward to 2024, Bragg Gaming Group is forecasting a significant revenue boost ranging between 9.1 to 16.6 percent, with projected revenues between 102 million euros and 109 million euros. The company also anticipates an increase in adjusted EBITDA by 21.7 percent, aiming for a range of 15.2 million euros to 18.5 million euros.
In a surprising announcement, the company revealed the establishment of a special ad hoc committee by its Board of Directors to explore different strategic alternatives. These alternatives might involve the company’s sale or its assets, a merger, various financing options, further acquisitions, or other strategic moves. The timeline for the completion of this strategic review process remains undetermined.
For those seeking further insights into the financial performance of Bragg Gaming Group Inc. and other firms, interested parties can access more information on the rttnews.com website.
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FAQ (Foire Aux Questions)
– Qu’est-ce que l’EBITDA?
L’EBITDA signifie Earnings Before Interest, Taxes, Depreciation, and Amortization. Il s’agit d’une mesure de la performance opérationnelle et de la rentabilité d’une entreprise.
– Quels sont les marges d’EBITDA ajustées?
Les marges d’EBITDA ajustées indiquent le pourcentage d’EBITDA ajusté par rapport au chiffre d’affaires total, fournissant des informations sur l’efficacité opérationnelle d’une entreprise.
The source of the article is from the blog revistatenerife.com
