Brief: Net Gaming Europe Q3 EBITDA Down At EUR 1.9 Mln

Acroud AB

14/11/2019 08:21

Nov 14 (Reuters) - Net Gaming Europe AB  NETG.ST :
    * Q3 EBITDA AMOUNTED TO EUR 1,867 (3,160) THOUSAND.
    * Q3 REVENUE EUR 3.5 MILLION VERSUS EUR 4.9 MILLION YEAR AGO
    * DESPITE OUR WEAK REVENUE DEVELOPMENT, TRAFFIC TO NET
GAMING'S
SITES HAS SHOWN A DOUBLE-DIGIT INCREASE COMPARED WITH PREVIOUS
YEAR
    * GROWTH IN TRAFFIC DOES NOT COMPENSATE FOR DECLINE IN
CONVERSION
RATES FROM SEVERAL OF OUR SITES
    * OUR MAIN FOCUS IS TO GROW IN REGULATED MARKETS WITH A HIGH
PROPORTION OF REVENUE SHARE -CEO

Source text for Eikon:  ID:nWkr4GBBjh 
Further company coverage:  NETG.ST 

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