Annabelle Stephenson
Bragg Gaming Group recently unveiled its financial report for the fourth quarter, unveiling a decline in profits compared to the previous year, with the company experiencing an operational loss of 0.4 million euros, a substantial shift from the 0.2 million euro profit registered the year before.
The adjusted EBITDA margins decreased by 350 basis points to 11.9 percent, while the gross profit witnessed a decline of 7.3 percent to 12.0 million euros. Furthermore, the revenues also saw a dip of 1.4 percent to 23.36 million euros in contrast to the 23.68 million euros from the previous year. These figures reflect the modified commercial terms reached with a key strategic partner during the quarter.
Looking forward to the fiscal year 2024, Bragg Gaming Group foresees a remarkable revenue growth ranging from 9.1 to 16.6 percent, with anticipated revenues between 102 million euros and 109 million euros. The company also envisions adjusted EBITDA to surge by 21.7 percent, reaching a range of 15.2 million euros to 18.5 million euros.
In a surprising turn of events, the company disclosed the establishment of a specialized ad hoc committee by its Board of Directors to investigate diverse strategic options. These alternatives could potentially encompass the company or asset sale, a merger, financial choices, further acquisitions, or other strategic avenues. The timeframe for concluding this strategic review has not been set yet.
For more in-depth information on the financial performance of Bragg Gaming Group Inc. and other organizations, interested parties can explore the rttnews.com website for valuable insights.
FAQ (よくある質問)
What is EBITDA?
EBITDAは、利息、税金、減価償却償却前利益（Earnings Before Interest, Taxes, Depreciation, and Amortization）の頭文字を取った言葉です。企業の営業パフォーマンスと収益性を測る指標です。
What are adjusted EBITDA margins?
調整EBITDA率は、調整EBITDAと合計収益の割合を示し、企業の運営効率に関する洞察を提供します。
The source of the article is from the blog enp.gr
