Aspire Global details key financial growth in Q3

21 November 2017

Aspire Global has reported year-on-year growth across a series of key financials during the three months to September 31.

Revenue in the third quarter totalled €19.3m ($22.7m), up 26% on the €15.3m generated in the corresponding period last year, while B2B revenue was also up 31% to €10.1m.

Earnings before interest, tax, depreciation and amortisation (EBITDA) in Q3 also climbed 44% year-on-year to €4.2m, with an increased margin of 22%.

Elsewhere, earning before interest and tax (EBIT) jumped 44% to €3.9m, while earnings after tax climbed from €2.3m to €3.6m.

Earnings per share, after tax, from continued operations in the quarter amounted to €0.08, compared to €0.05 in the same period last year.

As a result of this positive performance, revenue for the year-to-date, through to the end of September, amounted to €53.8m, which is 15% more than at the same point last year.

B2B revenue is up 18% year-on-year to €26.8m, while EBITDA climbed 21% to €10.4m and EBIT 20% to €9.6m, with earnings after tax increasing from €7.9m to €9m.

In terms of earnings per share, after tax, from continued operations, this climbed from €0.19 to €0.20.

Tsachi Maimon, chief executive of Aspire Global, said: “I am pleased to report yet another quarter of strong growth in both revenue and profit; quarter on quarter as well as year on year.

“We have also expanded our customer base, complementing original key accounts with a number of new partnerships that have quickly reached sizable levels.

“As we execute on our strategy; broadening our offering with new verticals (sport) and entering new regulated markets through strong local partnerships, we are well on our way of reaching double digit-growth year-on-year.”

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