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Gaming

Aspire Global Presents New Financial Targets For 2021

Wednesday 05 de December 2018 / 13:36

2 minutos de lectura

(Malta).- Aspire Global is expecting to meet the financial targets for 2020 one year ahead of schedule and is now updating its mid-term financial targets in line with the company’s ambition for the coming three-year period. The new financial targets for 2021 are revenues of €200 million and an EBITDA of €32 million, excluding material acquisitions, with a raised target for the EBITDA-margin from 15% to 16%.

Aspire Global Presents New Financial Targets For 2021

As communicated in the interim report for the third quarter, Aspire Global is expecting to reach mid-term financial targets organically already in 2019 as revenues are approaching the €120 million set out for 2020. The past year’s strong progress is the result of a more streamlined platform, stronger partnerships and a broader offering, according to the growth strategy. Moreover, the increased exposure since the listing as well as the consistent focus on regulated markets has enabled exciting business opportunities, increased competitive advantages and enabled a sustainable growth.


The board has updated the financial targets in line with the company’s ambition for the coming three-year period. According to the new targets for 2021, Aspire Global is expecting to reach revenues of €200 million in 2021 and an EBITDA of €32 million, excluding material acquisitions.  This corresponds to an EBITDA-margin of 16%, compared to 15% in previous targets. The strategy remains focused on B2B and B2C, but also on game development – a hidden asset in the company. Aspire Global will continue to pursue strong growth, both organically and through acquisitions, with a consistent focus on improving the offering, strengthening partnerships and seizing attractive opportunities in regulated markets. As some of Aspire Global’s existing markets are expected to be regulated by 2021, the new financial targets are adjusted for increased gaming duties. Aspire Global considers the company to be fully financed to execute on its business plan while continuing to pursue an active acquisition strategy.


“Over the past year, Aspire Global has delivered strong organic growth with maintained profitability. We are proud of this performance and equally pleased to raise the bar for the coming period. We see great opportunities for a company with our profile and we will continue to pursue organic growth in the changing landscape, all while searching for potential acquisitions”, says Tsachi Maimon, CEO of Aspire Global.

Categoría:Gaming

Tags: Aspire Global,

País: Malta

Event

SBC SUMMIT RIO 2024

05 de March 2024

Andre Gelfi explains the new regulation in the Brazilian gaming and betting market

(Rio de Janeiro, SoloAzar Exclusive).- The Managing Partner of Betsson group in Brazil, Andre Gelfi, was another key figure present at the inaugural SBC Summit Rio. In this exclusive interview with SoloAzar, he shared insights about the gaming and betting market in Brazil. Gelfi emphasized the hot topic of Brazilian regulations for the iGaming industry. In fact, he expressed his anticipation that the regulation, expected to be approved this year, will create a new landscape in the Brazilian market

Wednesday 27 Mar 2024 / 12:00

Influencers: "Between Effectiveness and Responsibility in the Gaming Industry".

(Rio de Janeiro, SoloAzar Exclusive) - As part of the Conference "Influencers: The Next Frontier of Social Media Marketing", as part of the Conference Agenda held on 6 and 7 March at the SBC Summit Rio 2024, leading industry personalities gathered in a panel to discuss the impact of the power of celebrities and influencers in generating engagement, as well as the proposed law that seeks to restrict their promotion of gambling.

Wednesday 27 Mar 2024 / 12:00

Pay4Fun: “We have ambitious expansion plans in the Brazilian market”

(Rio de Janeiro, SoloAzar Exclusive).- Leonardo Baptista, CEO and co-founder of Pay4Fun, is a key figure in the world of iGaming. His company, Pay4Fun, is a leading Brazilian online payment provider specializing in the iGaming market. During the first edition of the SBC Summit Rio, Baptista spoke exclusively with Soloazar, sharing insights about the new services that Pay4Fun will introduce to the market. He also discussed his vision for the future of iGaming in Brazil and Latin America. Another unmissable note by SoloAzar.

Wednesday 27 Mar 2024 / 12:00

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