Stockholm-listed industry affiliate network Catena Media has reported its ‘best ever trading quarter’ as the company progresses on its 2020 vision.
Publishing its Q1 trading update (period ending 31 March), Catena reports a corporate revenue increase of €23,9 million (Q1 2017: €15,2 million).
The Stockholm enterprise details a period of high activity across its network assets, in which Catena delivered +130,000 new depositing customers to industry clients.
Furthermore, the affiliate marketing specialist details the effective integration and revamp of its newly acquired network assets, expanding its presence within the UK and Germany, whilst further diversifying its revenue pipeline beyond online betting/gambling.
Closing a busy period, Catena governance declares a Q1 2018 corporate adjusted EBITDA of €12. 4 million (Q1 2017: €7 million), translating to net profits of €10 million.
This March, Catena governance confirmed the appointment of Per Hellberg as the firm’s new Chief Executive Officer (CEO), replacing ‘interim’ incumbent Henrik Persson Ekdahl, as corporate leader.
During the period, Catena governance moved to expand the firm’s corporate debt facility to €250 million, securing a further €150 million senior unsecured bond framework.