Aspire Global sees key financials surge in 2017

10 April 2018

Aspire Global said it expects an even more successful 2018 after announcing double-digit growth in revenue and earnings for last year.

In its annual report, the igaming platform provider said revenue was up 18% to €71.9m ($88.6m), with EBITDA rising by 25% to €14.3m.

The surge came during the same year as the Malta-headquartered, Stockholm-listed company’s IPO.

Aspire  is confident of further growth in 2018 thanks to the impact of operational developments, including “potential acquisitions”.

“If we entered the previous year with an ambitious agenda, it is nothing compared to expectations for the coming year,” chief executive Tsachi Maimon said.

“We will monitor sportsbook’s performance during the World Cup, prepare the application for a Swedish licence and assess potential acquisitions closer.

“At the same time, day-to-day operations continue, and we are preparing new B2B launches while giving Karamba additional attention.”

According to its annual report, Aspire  wants to achieve revenue of €120m by 2020, and is targeting EBITDA margin of 15%.

The company now has 66 brands operating on its platform – up by 50% compared to last year - and is licensed in six regulated markets, UK, Denmark, Belgium, Portugal, Italy and Malta.

Chairman Carl Klingberg said: “Aspire Global has a unique position in the igaming market as the first provider of a full turnkey solution for operators of sportsbooks and casinos, let alone one with operations in six regulated markets,.

“We are looking forward to realising the grand agenda for the coming year, aiming at continued strong growth on a yearly basis.”

Related article: Aspire Global to launch new sportsbook in Portugal