Raketech revenues rise as firm continues M&A strategy

first_img Raketech names Karlsten as new COO May 27, 2020 StumbleUpon Related Articles Raketech boosts global network with Lead Republik acquisition March 11, 2020 Share Share Submit Online affiliate and content marketing company Raketech has maximised a period of strong acquisitions reporting a revenue increase of 41.3% to €6m, in Q2 of 2018. The results close a strong period for the firm, as overall it enjoyed a strong half to the year with its total H1 revenues for the period being recorded at €10.9m, a 43.1% increase on the corresponding period. Over this period, the company’s adjusted EBITDA also increased by 25.4%, as the firm continued its strategy of growth through acquisitions, purchasing assets such as Shogun Media Limited, as well as Mediaclever Sverige AB, which operates high-profile casino affiliates.CEO Michael Holmberg spoke highly of the company’s performance. He said: “I am pleased to present a quarter with high activity levels and a continued good return from our operating model with growth within Core, Lab and M&A. Revenues for the second quarter amounted to €6.0 million, an increase of 41.3%, of which 24.5% was organic, compared with 7.7% in the corresponding period last year. “Adjusted EBITDA amounted to €3.2 million, with an adjusted EBITDA margin of 53.7%. In June, Raketech was listed on Nasdaq First North Premier. This was a very exciting process, in which we encountered great interest in our business model and strategy. As a public company, our operations are further professionalised, and we are already seeing positive effects in conversations with both business partners and potential acquisition candidates. “From a stock market perspective, our focus is on generating long-term shareholder value by delivering on our strategy and financial objectives. I have great faith in the continued development of Raketech’s role in the value chain, and our capabilities to be a driving force within the gaming industry. Our agenda is busy in this regard and I look forward to an intensive remainder of 2018.” Oskar Mühlbach chosen as Raketech CEO December 12, 2019last_img read more