SBC News Voice of the Sports Betting Industry
Stockholm-listed industry affiliate network Catena Media Plc enters 2018 full of confidence having produced yet another ‘record-breaking performance’for Q4 2017 (period ending 31 December).
A strong finish to 2017 trading, saw Catena record Q4 corporate revenues Of €20 million, an increase of 63% on corresponding Q4 2016’s €12.3 million.
Updating investors, Catena governance highlighted the firm’s ability to quickly refine and efficiently integrate its acquired digital assets improving its affiliate networks capabilities.
Focusing on expanded efficiencies, Catena declares a Q4 2017 EBITDA of €10.3 million (Q4 2016: €6 million), combined with a group operating profit of €8.8 million (Q4 2016: €5.7 million).
Closing its full-year 2017 trading, Catena reports group revenues of €67 million, representing an increase of 69% on FY 2016’s €40 million.
Further pleasing to investors will be Catena’s FY 2017 EBITDA increase to €32 million (FY 2016: €19.7 million), combined with a group operating profit of €28.4 million (FY 2016: €18 million), placing the firm amongst the strongest performers on the Stockholm Nasdaq mid-cap exchange.
Commenting on Q4 trading Catena Media CEO Henrik Persson Ekdahl stated “The fourth quarter of 2017 for Catena Media was no different from the rest of the year; dynamic, fast-moving and highly successful. The closing of the year with all-time high and the new organisation in place moving at full speed pleases me greatly.”
“For us, it is an established fact by now that growing rapidly, while at the same time improving operational quality, requires constant focus, commitment and hard work. From the outset, our company culture has been characterised by its fast pace, dedicated workforce and a drive to expand into new markets. The past quarter was no different. Alongside noticeable improvements in operations, we made a number of structural changes that we already see positive effects of. I am confident that we have never been better positioned as a company”.
Moving forward Persson Ekdahl states that continued innovation, combined with group-wide efficiencies will help Catena overcome 2018 regulatory hurdles.
“Innovation is one of our strategic pillars and is critical to our strategy for creating organic growth. During the fourth quarter, we significantly increased our efforts in product innovation and the plan for 2018 is to continue this focus.”
“We are currently investing in various technologies to improve our products’ performance and technical infrastructure. We are continuously exploring innovations, such as Blockchain, and how these can be utilised to strengthen our value chain and ultimately improve our deliverables.”
