Estimate FROM OSKAR MÜHLBACH, CEO
“The next quarter of 2021 was a record quarter for Raketech with basic sound overall performance across most assets and regions, in individual from our Community product sales and from our initiatives in Japan. Total profits amounted to an all-time substantial of EUR 8.8M, corresponding to a advancement level of 25% whereof 25.7% was natural and organic. The EBITDA margin was steady at 38.7%, in line with past quarter.”
2nd QUARTER 2021
- Revenues totalled EUR 8.8 million (EUR 7. million) representing an improve of 25.%
- Organic and natural expansion amounted to 25.7% (-1.2%)
- NDCs (New Depositing Consumers) amounted to 34,839 (40,847), representing a decrease of 14.7%
- EBITDA amounted to EUR 3.4 million (EUR 2.8 million), corresponding to a margin of 38.7% (40.2%)
- Functioning profit amounted to EUR 1.6 million (EUR 1.5 million), corresponding to a margin of 18.2% (21.8%)
- Income for the interval amounted to EUR 1.2 million (EUR 1.2 million)
- Earnings for every share amounted to EUR .03 (EUR .03)
To start with 6 MONTHS 2021
- Revenues totalled EUR 17.1 million (EUR 13.6 million) representing an increase of 25.8%
- Natural growth amounted to 16.% (-7.1%)
- NDCs (New Depositing Customers) amounted to 74,713 (73,125), representing an increase of 2.2%
- EBITDA amounted to EUR 6.6 million (EUR 5.5 million), corresponding to a margin of 38.7% (40.2%)
- Running profit amounted to EUR 3.2 million (EUR 2.9 million), corresponding to a margin of 18.5% (21.4%)
- Profit for the time period amounted to EUR 2.4 million (EUR 2.3 million)
- Earnings per share amounted to EUR .06 (EUR .06)
Functions Throughout Second QUARTER 2021
- There were being no substantial activities all through the quarter.
SUBSEQUENT Gatherings Soon after THE Close OF THE Period
- On July 7, 2021, Raketech announced the acquisition of P&P Vegas Group Inc and all assets from QM Media AB, a sports concentrated acquisition, offering expansion in primarily the US and Indian marketplaces. The complete obtain selling price amounts to EUR 16 million, payable in hard cash and by way of the issuance of new shares as at closing as for every 15 September 2021.
- On July 9, 2021, Raketech introduced that the Organization has signed a one-yr revolving credit history facility of EUR 15 million with Avida Finans AB. The credit rating facility features an extension selection and can therefore be renewed annually from its 1st day of utilization issue to selected disorders.
- On July 19, 2021, Raketech announced the acquisition of the natural casino affiliation marketing and advertising organization, Infinileads S.L. By the acquisition, Raketech requires a situation in quite a few Latin American emerging markets in addition to Spain, Italy and Portugal. The agreed invest in value amounts to EUR 4.5 million of which EUR 2.5 million was settled as for every Closing (31 July 2021) and EUR 2 million will be payable as per 31 January 2022. A doable added earnout payment will be calculated above a time period of 24 months put up-Closing.
- Revenues in July 2021 amounted to EUR 2.9 million (EUR 2.4 million).
CEO OSKAR MÜHLBACH Remarks ON THE QUARTER
“The sturdy numbers from outside of the Nordics built our non-Nordic revenues enhance as share of overall. Total non-Nordic revenues amounted to 39%, as opposed to 35% prior quarter and 19% preceding yr. The development is in line with our ambition to raise our international footprint.
In June we skilled an uplift in conditions of targeted visitors and users on our sports activities associated belongings in relationship with the European Championships in Football (the Euros). In time for the Euros, it is also really worth mentioning that we launched our incredibly initial Cost-free-to-Perform item with which we presented a 100,000 EUR prize pool for the championships as perfectly as many every day activity tipping competitions, embedded on our well known Tv-sportsguide asset on several marketplaces. Being our to start with, but not our last, Free of charge-to-Engage in giving, this is a key milestone on our quest of incorporating even a lot more user-welcoming, engaging, and sticky assets to our portfolio.
Following a pretty robust Q1, our US activity revenues, as expected, declined a little bit due to seasonality, landing the all round sporting activities share at 15% of the group’s overall in contrast to 17% for the duration of Q1. As highlighted in advance of, the US is expected to be more volatile, not only due to the character of the marketplace but also due to the reality that the wide the vast majority of revenues is CPA pushed.
Following the conclusion of the quarter, quite a few important milestones were being passed. A essential action was that we managed to secure entry to additional funding to support us go on, and to some extent also speed up our M&A initiatives, in the type of a new and enhanced Revolving Credit rating Facility (RCF) from Avida Finance. This new RCF will be changing the current one during the fourth quarter, but we will also carry on to consider even further very long-term financing alternatives, in line with our expansion strategy and M&A agenda.
And with regards to M&A, we also announced two acquisitions in July: Infinileads and QM Media. Equally are ticking numerous strategic bins offering us new and elevated existence on strategically essential marketplaces, as nicely as specialized and operational competence in addition to new forms of earnings streams. These acquisitions are envisioned to include roughly EUR 6m in income and boost the group’s overall margin by as a great deal as up to 4 percentages soon after integration. They are in addition anticipated to make additional optimistic income move to the team from working day just one, such as potential foreseeable future functionality dependent make-outs.
Our target in the small time period is to integrate our newest acquisitions. This to make certain we reap all likely good synergy outcomes we maybe can. Mid-expression to very long-time period our concentration is on the other hand unchanged we will go on to provide on our advancement method which consists of merchandise diversification, geographical expansion, greater monetization nevertheless R&D as effectively as M&A, with a unique focus on the US.
In July we noticed a considerably unique composition in our general products combine between Network and classic affiliation and marketing and advertising revenues. This thanks to slightly lowered Community revenues from Germany as an influence of the Interstate Treaty implemented on July 1st, and potent effectiveness from our other superior margin assets, this kind of as Casinofeber which has regained floor yet again just after it is short-term setback in December of final calendar year. With that claimed, July revenues amounted to EUR 2.9m with an modified margin of 43%, the place the elevated margin generally relates to the merchandise mix composition. And for clarity, this does not involve current acquisitions.
Finally, I would like to highlight that our stable general performance and constant strategic shipping is the end result of a accurate group work. It is thus further fulfilling to be equipped to announce that Raketech has been crowned the EGR Affiliate Employer of the yr for 2021.”
Connection to report
The total Interim Report is readily available on https://raketech.com/investors/