Elys Game Technology Reports Third Quarter 2022 Results
Elys Game Technology, Corp. (ELYS)
Company Research
Source: GlobeNewswire
Strong Quarterly European performance with B2C turnover increasing from €139.6 million to €166.2 million, an increase of 19.1% with strong NGR margin improving from €6.7 million to €8.9 million, an increase of 33.3% Strong recovery of nine-month performance with B2C turnover increasing from €523.9 million to €537.1 million, an increase of 2.5% (despite the closure of Ulisse operations in the prior year) with NGR margin improving from €27.9 million to €28.3 million, an increase of 1.2%, (overall tax rate increase from 21.1% to 24.3% due to closure of Ulisse operations) Management’s profitability goal achieved ahead of schedule in European operations Strong U.S. Dollar masks the strong European performance Exciting 2023 prospects include: Strong start to 2023 with over 100 signed Host locations in Ohio, commencing operations in 2nd DC location and 2 signed Maryland locations U.S. mobile partnership with Lottomatica on pace for 2023 launch Virtual Generation product,
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