Tag Archives: RakeTech

Raketech hails sub-affiliate growth to hit elevated FY2023 targets  

SBC News Raketech hails sub-affiliate growth to hit elevated FY2023 targets  

Raketech Plc has delivered on elevated targets for 2023, bolstered by the expansion of its media network and partnerships. Publishing its Q4 trading results this morning, the Nasdaq OMX-listed igaming media group registered period revenues of €22.7m, up 45% on Q4 2022 comparatives of €15.8m. Headline growth was credited to a threefold jump in sub-affiliate income totaling €11.4m (50% of …

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Raketech confirms Mühlbach CEO exit over strategic direction

SBC News Raketech confirms Mühlbach CEO exit over strategic direction

The board of Raketech Group Plc has announced that Oskar Mühlbach has chosen to resign as CEO of the Nasdaq OMX-listed igaming media publisher. As detailed by a corporate update, “Mühlbach will leave his role as CEO due to different views on the strategic direction of the company.” Board member and company co-founder Johan Svensson has assumed leadership responsibilities as …

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Raketech elects M&A experts to board

SBC News Raketech elects M&A experts to board

Raketech Group Plc has confirmed the appointment of Marina Andersson and Patrick Jonker as newly elected members of the Board of Directors of the Nodric Nasdaq OMX-listed igaming media publisher. The decision follows Raketech concluding its annual shareholders meeting on 24 November, shareholders unanimously agreed to appoint Marina Andersson and Patrick Jonker as new members of the Board. Andersson, holds …

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Raketech stands by elevated 2023 targets as media is refreshed by Casumba M&A

SBC News Raketech stands by elevated 2023 targets as media is refreshed by Casumba M&A

Raketech Plc remains on track to deliver its best year in business to investors, underscored by its enlarged media network integrating the new assets of Casumba Media. Publishing its Q3 trading results, Nasdaq OMX-listed Raketech achieved its elevated target, generating corporate revenues of €21.5m, up 66% on 2022 comparatives of €13m. Headline growth was achieved despite Raketech countering a ‘slower …

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Raketech ups  2023 guidance on ‘better-balanced product mix’

SBC News Raketech ups  2023 guidance on ‘better-balanced product mix’

Raketech Plc cites confidence in achieving its full-year 2023 financial and corporate objectives, following record-breaking Q2 results.  Publishing its latest trading update, Raketech sees its media network achieve all-time high quarterly revenue of €17.6m. The revenue result reflects a 56% increase on 2022 Q2 comparatives of €11.3m. The Nordic Nasdaq media group underscored “an organic growth of 56.0%” combined with …

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Raketech upgrades guidance as 2022 goes ‘according to plan or better’

SBC News Raketech upgrades guidance as 2022 goes ‘according to plan or better’

Raketech has put faith in its strategic objectives, updating its 2023 guidance figures to project revenue of between €60-65m and asserting that it will remain active in M&A. The Nasdaq First North aming marketing technology group revealed this morning that revenue for the full year rose by 36.7% to €52.6 (2021: €38.5m), alongside an increase in reported EBITDA by 23.9% …

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The shortlists are in — meet the contenders for SBC Awards taking place at the majestic Palau National

SBC News The shortlists are in — meet the contenders for SBC Awards taking place at the majestic Palau National

SBC is excited to announce that the shortlists for this year’s SBC Awards 2022 ceremony, taking place as part of the SBC Summit Barcelona in September, have now been decided.  The shortlists cap a successful year for Betsson Group, which leads the way with nine nominations, hoping to maintain the Casino Operator of the Year title and dethrone Bet365 in …

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Raketech nominates US executives to bolster boardroom vision

SBC News Raketech nominates US executives to bolster boardroom vision

The board of Raketech Plc has confirmed that it will propose the nominations of Clare Boynton and Pierre Cadena to be elected as new board members at the firm’s annual General Meeting on 17 May.  The nominations have been submitted, as Raketech announces that current board members Annika Billberg and Fredrik Svederman have chosen not to stand for re-election. Based …

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Raketech sports revenues double as acquisition strategy drives growth

SBC News Raketech sports revenues double as acquisition strategy drives growth

Raketech has detailed a strong performance across its verticals, identifying a particularly positive trend among its sports betting divisions, which the group has attributed to its acquisitions policy.  As detailed in its Q4 2021 and full year interim trading report, total revenue for the final quarter of the year reached €11.84 million (2020: €8.46m), a 40% increase on 2020 figures.  …

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Raketech recruits Hills and Parsons as new MDs overseeing Malta and US operations

SBC News Raketech recruits Hills and Parsons as new MDs overseeing Malta and US operations

Raketech Plc has confirmed the dual appointment of Ian Hills and Danielle Parsons as new Managing Directors of its respective Malta and North American business units. The Nordic Nasdaq media publisher has moved to reorganise its senior management ranks to match its heightened 2022 commercial objectives with a view to grow its media network across multiple regulated online gambling markets. …

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