Tag Archives: Stockholm

Agile Catena delivers Q1 growth despite tough Swedish adjustments

Stockholm-listed industry affiliate marketing network, Catena Media Plc remains positive on its 2019 outlook, detailing that it has undertaken the necessary adjustments to meet new regulatory conditions within its home market of Sweden. Publishing its Q1 2019 trading update, Catena records a revenue increase of 9% to €26 million (Q12018: 24m). Despite growth, the figure is ‘below the expectations’ of …

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Home market costs sit heavy on Kindred Group’s 2019 opening

Stockholm-listed Kindred Group Plc reports a tough opening to its 2019 trading, as the online gambling group undertakes a series of adjustments related to its home market of Sweden. Publishing its unaudited Q1 2019 trading update , Kindred maintains its strong group revenue momentum recording ‘Gross winnings’ of £224 million (Q1 2018: £208m), However  Swedish market costs have impacted metric …

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Kindred moves to new Stockholm HQ with commitment to hiring 250 new employees

Kindred Group Plc has today moved to its new ‘state-of-the-art’ headquarters, located at the ‘AMF Urban Escape’ building in Central Stockholm. First announced in November 2017, Kindred’s relocation sees 350 Stockholm employees staffed in a purpose built, innovation-enabling 7,000 sqm office designed by AMF Fastigheter. Kindred has taken over two floors at the Urban Escape’s ‘Regeringsgatan 29 building’ starting April …

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Kambi appoints ‘strategy pro’ Cecilia Wachtmeister as Business VP

Stockholm-listed sports betting platform and software supplier Kambi Group Plc has confirmed the appointment of current board member Cecilia Wachtmeister as Executive Vice President of Business and Group Functions. A seasoned executive in tech enterprise and commercial development strategies, Wachtmeister has formerly advised the Kambi board since 2017. Wachtmeister is the former VP of Global Account management for Sony Mobile (2016-2018)and ten-year …

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GIG begins new journey on Stockholm Nasdaq

Marked as a major corporate milestone, Gaming Innovation Group (GIG) will begin trading as a Stockholm Nasdaq enterprise today (Tuesday 26 March), having secured main market listings approval. Moving forward, GIG will now operate as a dual-listed enterprise, with its shareholding maintained on the Stockholm Nasdaq (ticker – GIGSEK) and Oslo Børs (ticker – GIG). GIG’s Stockholm IPO has been assisted …

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Debt free Raketech seeks optimal financing structure

Issuing a market filing, Stockholm-listed industry affiliate marketing network Raketech Group Plc has disclosed that it has repaid its entire corporate debt of €7.7 million. Updating investors, Raketech governance details that the company has completed one of its post-IPO directives, repaying its outstanding corporate debt to allow for a better future capital operating structure. As a result of the transaction, …

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Betsson continues product efficiency focus with new hires

Stockholm-listed online gambling group Betsson AB has announced the appointment of two key senior management hires, recruiting Cíara Nic Liam as Product Director for Gaming and Joakim Thor as Product Director for Sports Betting. The appointments have been confirmed by Betsson Chief Strategy Officer Peter Zäll, as the Stockholm gambling group continues to implement its corporate recovery programme, seeking to …

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Pontus Lindwall: Robust Betsson will meet industry’s multiple 2019 challenges

Publishing its Q4 and full-year 2018 results, the governance of Stockholm-listed online gambling group Betsson AB, has detailed a successful year-1 integration and execution of its corporate recovery programme. Product and operational efficiencies see Betsson post its ‘third successive all-time-high’ quarter, recording corporate Q4 2018 revenues MSEK 1,436.6 (Q4 2017: 1,256.4), running alongside a 56% EBIT increase to MSEK 341.5 …

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Therese Hillman – NetEnt unafraid of tackling tough choices for delivering growth

Publishing its full-year 2018 results, Therese Hillman new Chief Executive of Stockholm-listed industry games developer NetEnt AB, has emphasised that her new executive team will continue to execute ‘changes delivering efficiencies for commercial growth’. NetEnt’s CEO closes a transformative Q4 2018 trading period, in which the games developer has undertaken a series of organisational adjustments – significantly reducing headcount within …

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LeoVegas looks to the future after closing challenging 2018

LeoVegas - Two chairs with flags of UK and sweden isolated on white. 3D illustration

Stockholm-listed online gambling group LeoVegas AB recovered from a transitional Q3 period to post a 25 per cent revenue increase to €84.5m for Q4 2018 (1 October to 31 December) trading. However, the operator’s organic growth in local currencies excluding the UK was just 14%, a figure which, according to Regulus Partners, “represents a material gap down on what the …

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